There is a decline in the stock market today i.e. Monday 6th April, the first trading day of the week. Sensex is trading 450 points down at 73,850. Nifty has also fallen by 100 points, it has reached the level of 22600. Today there is selling in Oil & Gas and Pharma stocks. Boom in Asian market. Mixed business in American market on April 2. Crude rose by 0.48% to $109 per barrel. Today crude oil is up by almost half a percent. It has reached $109 per barrel. Before the Iran war started on February 28, crude oil prices were around $70 per barrel. RBI meeting from today: There is no possibility of change in interest rates. Investors will keep a close eye on the decisions taken on interest rates in RBI’s monetary policy and the inflation outlook. The first meeting of the new financial year has started from today. 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. 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. 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, Sensex rose 185 points and closed at 73,320. On Friday, the market was closed due to Good Friday. Earlier on Thursday, the Sensex closed 1,773 points above the day’s low. In the morning it opened with heavy pressure and fell to the level of 71,545. Later it climbed 185 points 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. There was an increase of 2.62% and 1.18%.
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Sensex down 450 points, trading at 73,850: Nifty down 100 points, at 22600; Selling in oil and gas shares
