Nifty may fall to 23,500:FIIs sell shares worth ₹56,000 crore in Apr; 5 factors including Iran-US tensions to shape direction

The Indian stock market may witness significant volatility in the week starting tomorrow, i.e., April 27. Five major factors will determine the market direction, including the US Federal Reserve’s policy meeting, quarterly results of over 200 companies, and ongoing tensions between Iran and US. Let’s understand what could happen in the market this week Support and Resistance Support Zone: 23,870 | 23,815 | 23,466 | 23,344 | 23,320 | 22,860 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: 23,935 | 24,140 | 24,380 | 24,450 | 24,480 | 24,540 Resistance means the level where a share or index faces obstacles in moving upward. This happens due to increased selling. Crossing 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 the direction of the market 1. Iran-Israel War and crude oil movement Iran has refused to hold talks with America. This tension that started after the attacks on Iran by US and Israel on February 28 continues to be a matter of concern for the global market. Due to this, volatility in crude oil prices continues. On Friday, Brent crude closed at $105.33 per barrel. In recent days, when news came of the opening of the important sea route for oil supply, the Strait of Hormuz, Brent crude became cheaper by about 10% and came down to $90 per barrel. Its impact was also visible on the stock market. 2. US federal reserve meeting The global market’s focus will be on the Fed meeting. This meeting will begin on Tuesday, April 28, and its decisions will come on Wednesday, April 29. The market expects that there will be no change in interest rates this time and they will be kept stable in the range of 3.50% to 3.75%. 3. Foreign investors’ selling Foreign Institutional Investors (FIIs) are continuously withdrawing money from the Indian market. In the month of April so far, they have sold shares worth a total of ₹56,363 crore. However, Domestic Institutional Investors (DIIs) are trying to support the market. They have bought shares worth ₹39,478 crore in April. On Friday, foreign investors sold shares worth ₹8 thousand crore Foreign investors sold shares worth ₹56,000 crores this month Note: All figures are in crores of rupees. 4. Q4 results of over 200 companies This week, more than 200 companies listed on BSE will present their fourth quarter (Q4FY26) results. Among Nifty companies, focus will be on Coal India, UltraTech Cement, Maruti Suzuki, Bajaj Finance, Adani Ports, Bajaj Finserv, HUL and Kotak Mahindra Bank. Apart from these, ACC, Adani Power, DMart will also announce their results. 5. Technical perspective; Nifty may go up to 23,500 According to Ajit Mishra, SVP Research at Religare Broking, Nifty has slipped below its important support of 23,900. Now the nearest support is at 23,500. On the upside, the 24,200-24,500 zone is a strong resistance. Until crude prices decline and global signals improve, selling pressure will remain at this level. Rupak De of LKP Securities said that Nifty has come below 24,000. Only a breakout above 24,200 can stabilize the sentiment. Wealth view analytics’ outlook for next week Strong intraday movement may be seen in the market on Tuesday (April 28) and Wednesday (April 29). Good earning opportunities may arise for active traders. Besides this, Thursday’s (April 30) session will be quite important. This day’s high (highest level) and low (lowest level) will give major signals for the future trend: Wealth View’s report also states that due to global news and developments, the market will remain quite volatile. Therefore, these 3 important things should be monitored: Last week the market closed down 2% Last week, Nifty recorded a decline of 2%, with the highest selling seen in IT, Auto, and Consumer shares. On Friday, Nifty fell 275 points (1.14%) to close at the level of 23,898. Sensex dropped 1000 points. 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. We advise investors to definitely consult certified experts before making any investment decisions.