Trump’s final 48-hour ultimatum to impact stock markets:’Nifty’s next support lies at 22,637′

The market may see significant volatility in the week starting 6 April. Factors such as the US President Donald Trump’s threat to Iran, volatile crude oil prices, foreign investor activity, and global market trends will determine the market’s direction. The stock market closed higher in the last two trading sessions, Wednesday and Thursday. It was closed on Friday due to Good Friday. Will the market be able to maintain this momentum after two consecutive days of gains? Let’s understand… Support and Resistance Support Zone: 22,637 | 22,556 | 22,504 | 22,408 Support means the level where a share or index gets support from falling further. Increased buying here prevents the price from going down easily. There may be a buying opportunity here. Resistance Zone: 23,320 | 23,814 | 23,875 | 24,142 Resistance means the level where a share or index faces obstacles in moving up. This happens due to increased selling. Breaking through the resistance zone raises expectations of a bullish trend. Note: Support and Resistance levels are according to Wealth View Analytics report. Now 5 factors that can determine market direction 1. Trump’s Deadline: Market may fall if agreement is not reached US President Donald Trump had given Iran a deadline of 6 April for a peace agreement and opening the Strait of Hormuz. On Saturday, Trump said, “Time is running out now… they have only 48 hours left before disaster strikes.” The fear of military action can bring a decline in the market. 2. RBI Meeting: No Possibility of Change in Interest Rates Investors will keep a close watch on the decisions taken on interest rates and inflation outlook in RBI’s Monetary Policy. The first meeting of the new financial year will begin on April 6. On April 8, the Governor will inform about the decisions taken in the meeting. This time there is no possibility of change in interest rates. 3. Foreign Investors: Sold Shares Worth ₹1.22 Lakh Crore in March FPIs have sold a record ₹1.22 lakh crore worth of shares in the cash segment of the Indian market in the month of March. This is the largest monthly outflow ever. This selling has brought the valuations of Indian stocks to attractive levels, but a reduction in stress is necessary for fresh buying. 4. Rupee Movement: Hope for Some Relief from Stability in Currency Market To save the falling rupee against the dollar, the Reserve Bank has imposed a ban on trading in offshore derivatives (NDF). After this decision, the rupee strengthened by 1.8% on Thursday to close at the level of 93.10. This is its biggest single-day gain in 12 years. Stability in the currency market may provide some relief to the stock market. 5. Technical Chart: The Level of 21,930 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 low of April 2025) are important supports. Mishra said that uncertainty is visible at current levels. On the upside, there is resistance in the 23,00023,200 zone and 23,500 is a major hurdle. If Nifty crosses this level, the market sentiment could turn positive and it may move towards 24,000. Sensex: According to Ponmudi R., CEO of Enrich Money, Sensex is trying to stabilize around 73,300, but its overall structure is still weak. On the upside, there is immediate resistance at the 73,80074,000 level. However, if Sensex slips below 72,000, it could go down to the 71,50071,000 level. Expert Opinion 1. According to R. Ponamudi, volatility is expected to continue in the stock market this week. The market’s movement will be influenced more by global factors rather than fundamentals. Investor sentiment will largely depend on West Asia situations, currency, and foreign investors. 2. Ajit Mishra, Research SVP at Religare Broking, believes that investors should proceed cautiously in the current uncertainty. Mishra’s opinion is that portfolios should include strong large-cap shares that have better earnings positions and balance sheets. Sensex closed up 185 points at 73,320 on Thursday The Sensex closed 1,773 points higher from the day’s low on April 2. It opened under heavy pressure in the morning and fell to the level of 71,545. Later, buying emerged in the market and it closed up 185 points (0.25%) at 73,320. Meanwhile, Nifty also showed a recovery of 531 points after making a low of 22,182. It closed at 22,713 level, up 34 points (0.15%). In today’s trading, Nifty’s IT and Realty indices rose the most. They gained 2.62% and 1.18% respectively. Disclaimer: This article is for informational purposes only. The opinions and advice given above are those of individual analysts or broking companies, not of Bhaskar English or Dainik Bhaskar. We advise investors to consult certified experts before making any investment decisions.