Sensex, Nifty Prediction For Monday By Experts: Sensex and Nifty 50 witnessed a highly volatile trading session on Thursday (April 2, 2026), plunging sharply in early trade before staging a strong recovery to close in the green.
Rebounding more than 2,000 points from the day's low, the Sensex index settled higher by 185.23 points, or 0.25 per cent, at 73,319.55. The Nifty 50 index followed a similar trajectory and closed at 22,713.10, up by 33.70 points, or 0.15 per cent.
Nifty Midcap 100 and Smallcap 100 both surged over 3 per cent from lows before settling with modest losses.
Nifty Prediction For Monday By Experts: Support And Resistance Levels
From a technical standpoint, Hitesh Tailor, Research Analyst - Research at Choice Equity Broking, said that Nifty has immediate support for the index is placed in the 22,450–22,500 zone, while resistance is seen in the 22,840–22,900 range.
"This suggests that, although the market has shown recovery, the upside momentum lacks strong confirmation at this stage," the expert said.
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Nandish Shah - Deputy Vice President, HDFC Securities, said that despite forming lower lows, the bullish RSI divergence on the daily chart remains intact, preserving hopes for a sustainable pullback. Support holds firm at 22,283, while upside resistance looms at 22,941 and 23,465.
Nifty Chart Candle
Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities, said that a long green candle was formed on the daily chart after opening lower.
Technically, this market action indicates a formation of bullish counter attack type candle pattern at the lows. The bearish chart pattern like lower tops and bottoms continued on the daily chart and Thursday's low of 22182 could now be considered as a new lower bottom of the pattern.
"The buying seems to have started from near the support of 22200 levels and Nifty needs to sustain above the hurdle of 23000 levels to consider this as a bottom reversal pattern. Immediate support is placed at 22400 levels," the expert said.
Nifty RSI
Nifty's Relative Strength Index (RSI) stands at 37.56, indicating that it remains below the midpoint level of 50.
Sensex Prediction For Monday, April 6
Aakash Shah, Research Analyst, Choice Equity Broking, said that from a technical perspective, the Sensex has defended the crucial 72,800–72,900 support zone, indicating strong demand at lower levels.
Sensex has immediate resistance placed near 73,800–73,900, and a sustained move above this zone could trigger further upside momentum. On the downside, 72,800 remains a key support, and a breach below this level may lead to renewed selling pressure.
"Overall, the market is in a high-volatility consolidation phase, and the near-term strategy favors a buy-on-dips approach near support while remaining cautious near resistance levels, until clearer global cues emerge," the expert said.
