Market may open with gains on Monday:Gift Nifty rises 250 points; 5 factors including US-Iran tensions to determine the movement

The stock market may start the week beginning April 20 with a bullish trend. Hopes of an early end to the US-Iran conflict and falling crude oil prices are supporting the market. Additionally, fourth quarter results, foreign investor activity, and global market movements will also be key factors determining the market’s direction. Let’s understand what could happen in the market this week Support and Resistance Support Zone: 23,940 | 23,850 | 23,462 | 23,330 | 22,857 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 could be a buying opportunity here. Resistance Zone: 24,387 | 24,450 | 24,538 | 24,650 | 25,002 Resistance means the level where a share or index faces obstacles in moving up. 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 market direction 1. Hope of Iran-US war ending The next round of talks to reduce tensions between Iran and America may begin in Pakistan from Monday. Market sentiment is expected to improve with news of easing tensions. On Friday, with news of the opening of the Strait of Hormuz, a crucial maritime route for oil supply, Brent crude became cheaper by about 10% and came down to $90 per barrel. The stock market also showed its impact. Gift Nifty closed up 250 points. The US market also saw a rise of about 1.50%. 2. Foreign Investors’ Buying and Selling Foreign investors purchased more than ₹1,500 crore worth of Indian shares between April 15-17. On Friday alone, they bought shares worth ₹683 crore. If foreign investors continue to maintain this positive stance towards the Indian market, a bullish trend in the market can be expected. 3. Company Results Will Determine Direction The market will also keep an eye on the fourth quarter (Q4) results coming this week. Companies like Axis Bank, Reliance Industries, MM, Adani Green Energy, IndusInd Bank, Infosys, Adani Energy Solutions, HCL Technologies, and Tata Elxsi will announce their results. Three major private banks released their Q4 FY26 results on Saturday: 4. Investors’ Eye on Rupee Movement The rupee closed 0.3% higher at 92.92 against the dollar. On March 30, the rupee was at a record low of 95.21. Since then, it has shown good recovery. According to experts, the rupee has immediate support at 92.28 and resistance at 93.50-93.68. A stronger rupee makes imports cheaper, which reduces inflation and creates a positive environment in the stock market. Conversely, rupee weakness reduces the profits of Foreign Institutional Investors (FIIs), causing them to withdraw money from the market. 5. Nifty’s Technical Chart According to Ponmudi R., CEO of Enrich Money, if Nifty sustains above 24,400, it can move towards 24,800-25,000. On the downside, there is support at 24,000 and 23,800 is a strong base. RSI is also near 57, which is indicating market recovery. Ajit Mishra, Research SVP at Religare Broking, believes that investors should maintain balance now and bet only on select stocks. Investors should keep a larger portion of their portfolio in strong large-cap stocks that have good fundamentals. Sensex rose 505 points on Friday On April 17, Sensex closed at 78,494 with a gain of 505 points (0.65%). Nifty also gained 157 points (0.65%), reaching 24,354. Knowledge Part: Gift Nifty: Gift Nifty is mainly traded by foreign investors and large institutions. It is traded in Gift City, Gujarat. Before the Indian market opens, its fluctuations give an indication of the domestic market’s opening. Strait of Hormuz: Approximately 20 to 25% of the world’s total oil trade passes through this route. Oil from countries like Saudi Arabia, Iraq, UAE and Kuwait reaches countries like India, China and Japan through this route. Relative Strength Index: It is like a meter that tells how quickly a stock or index is being bought or sold. Its value ranges between 0 to 100. Generally, above 70 means ‘overbought’ and below 30 is considered ‘oversold’. Disclaimer: This article is for informational purposes only. The opinions and advice given above are of individual analysts or broking companies, not of Dainik Bhaskar. We advise investors to definitely consult certified experts before making any investment decision.