There may be huge fluctuations in the market in the week starting from 6th April. Factors like US President’s threat to Iran, unstable crude oil prices, activity of foreign investors and global market movements will decide the direction of the market. The stock market had closed higher on the last two trading sessions i.e. Wednesday and Thursday. It was closed on Friday due to Good Friday. After two consecutive days of rise, will the market be able to maintain this rise? Let us understand… Support and Resistance Support Zone: 22,637 | 22,556 | 22,504 | 22,408 Support i.e., the level where the stock or index gets support from falling down. The price does not go down easily due to increase in purchasing here. There may be a buying opportunity here. Resistance Zone: 23,320 | 23,814 | 23,875 | 24,142 Resistance i.e., the level where there is a hindrance in the stock or index going up. This happens due to increase in sales. There is hope for an uptrend after crossing the resistance zone. Note: Support and resistance levels are as per the report of Wealth View Analytics. Now 5 factors that can decide the direction of the market… 1. Trump’s Deadline: If the agreement is not reached, the market may fall. US President Donald Trump had given Iran a deadline of April 6 for a peace agreement and opening the Strait of Hormuz. On Saturday, Trump said – Now time is running out… Only 48 hours are left for disaster to strike them. Fear of military action could bring a decline in the market. 2. RBI meeting: There is no possibility of change in interest rates. Investors will keep a close eye on the decisions taken on interest rates and inflation outlook in RBI’s monetary policy. The first meeting of the new financial year will start on April 6. The Governor will give information about the decision taken in the meeting on April 8. There is no possibility of change in interest rates this time. 3. Foreign investors: Sold shares worth ₹ 1.22 lakh crore in March FPIs have sold shares worth a record ₹ 1.22 lakh crore in the cash segment of the Indian market in the month of March. This is the largest monthly outflow so far. This selloff has brought the valuations of Indian stocks to attractive levels, but the tension needs to subside for new purchases. 4. Movement of Rupee: Expectation of some relief from stability in the currency market. To save the falling rupee against the dollar, the Reserve Bank has banned trading in offshore derivatives (NDF). After this decision, the rupee strengthened by 1.8% and closed at 93.10 on Thursday. This is its biggest single-day gain in 12 years. The stock market may get some relief due to stability in the currency market. 5. Technical Chart: 21,930 level is important for Nifty Nifty 50: Ajit Mishra of Religare Broking believes that Nifty is gradually moving towards its critical support level. According to the long-term weekly moving average (200 WEMA), 21,930 and then 21,750 (which was the April 2025 low) are important supports. Mishra said that there is uncertainty at the current levels. On the upside, there is resistance in the zone of 23,000–23,200 and 23,500 is a major hurdle. If Nifty crosses this level, the market trend may turn positive and it may move towards 24,000. Sensex: Ponmudi R, CEO of Enrich Money. According to , the Sensex is trying to stabilize around 73,300, but its overall structure is still weak. On the upside, there is immediate resistance at 73,800–74,000 levels. If the Sensex slips below 72,000, it can reach the level of 71,500-71,000. Expert opinion 1. Ponmudi R. According to, there is a possibility that the stock market will continue to fluctuate this week. Market movements will be more influenced by global factors rather than fundamentals. Investor sentiment will largely depend on the conditions in the Middle East, currency and foreign investors. 2. Ajit Mishra, Research SVP, Religare Broking, believes that investors should proceed with caution in the current uncertainty. Mishra is of the opinion that the portfolio should include strong large-cap stocks which have better earnings and balance sheet. On Thursday, the Sensex closed 185 points higher at 73,320. The Sensex closed 1,773 points higher than the day’s low on April 2. In the morning it opened with heavy pressure and fell to the level of 71,545. Later there was buying in the market and it rose 185 points (0.25%) to close at 73,320. Nifty also saw a recovery of 531 points after making a low of 22,182. It rose 34 points (0.15%) and closed at the level of 22,713. Nifty’s IT and Realty indices rose the most in today’s trading. There was an increase of 2.62% and 1.18%. Disclaimer: This article is for information only. The opinions and advice given above are of individual analysts or broking companies and not of Dainik Bhaskar. We advise investors to consult certified experts before taking any investment decision.
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Trump said – Trouble is about to fall on Iran: Will Sensex-Nifty rise or fall for the third consecutive day? Market depends on 5 factors
