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Sensex Prediction for Tuesday, April 21 by experts: Indian equity markets closed on a flat note, with benchmark indices giving up most of their intra-day gains on Monday as investors turned cautious amid mounting geopolitical concerns in West Asia and rising crude oil prices.
After a range-bound session on Monday, which saw the 30-share BSE Sensex close marginally higher, technical analysts are advising investors to brace for continued consolidation as trading resumes on Tuesday, April 21.
Aakash Shah, Research Analyst, Choice Equity Broking Private Limited, said, “On 20th April 2026, the BSE Sensex witnessed a volatile yet range-bound trading session with a slight positive bias. The index opened on a weak note tracking mixed global cues and concerns around crude oil prices, which kept early sentiment under pressure.”
However, Shah stated buying interest at lower levels helped the index recover steadily during the session, allowing it to erase initial losses and move into positive territory. “As the day progressed, the market traded in a narrow range after the recovery, indicating consolidation and a lack of strong follow-through momentum after the recent rally,” he said.
“Despite intraday volatility, the Sensex managed to close at 78,520, up by 26.76 points, reflecting a cautious yet stable undertone in the market. The overall momentum remained sideways to positive, suggesting that while profit booking persists at higher levels, dip buying continues to support the index,” the analyst added.
“Market breadth remained mixed, highlighting selective participation across sectors, while broader markets traded on a relatively subdued note. The key highlight of the day was the recovery from lower levels, which signals underlying strength despite the absence of strong directional momentum,” Shah noted.
Sensex gainers and losers on Monday, April 20
Sensex Prediction for Tuesday, April 21 by experts
Analysts expect the market to remain in a consolidation phase in the near term, with a slight bullish undertone supported by continued dip-buying. They highlighted that while the broader market structure remains resilient, the absence of strong directional momentum suggests a pause in the ongoing uptrend.
Sensex Prediction for Tuesday, April 21 by Vipin Dixena
SEBI-registered analyst, Vipin Dixena, said, “Sensex is currently facing rejection near the 78,900–79,000 resistance zone, after a strong trending move from lower levels, indicating supply kicking in at higher levels. Price is still holding above the rising 50-EMA, which keeps the broader structure bullish, but the recent pullback suggests short-term exhaustion.”
Technical levels to watch
Immediate support is placed at 78,000. RSI has cooled off from higher levels, reflecting weakening momentum in the near term, Dixena said.
For Tuesday’s session, the analyst said,”Bias is mild bullish with consolidation trend remains intact above 78,000, but failure to break 79,000 can lead to sideways-to-corrective movement before the next leg.”
Sensex Prediction for Tuesday, April 21 Aakash Shah
Aakash Shah, Research Analyst at Choice Equity Broking, said, “From a technical perspective, the Sensex is currently consolidating near higher levels, indicating a pause in the ongoing uptrend.”
Support, resistance to watch on Tuesday
Shah said immediate support is placed near 77,800–78,000, while resistance is seen around 79,000–79,200. “A sustained move above resistance could trigger fresh upside, whereas a breakdown below support may lead to short-term weakness,” he expects.
“Overall, the market structure suggests a range-bound yet resilient setup, with a cautious undertone. The near-term outlook points toward continued consolidation with stock-specific action, unless the index decisively breaks out of the current range,” the analyst concluded.
Stock Market Today, April 20, Highlights
Brent crude, the global oil benchmark, jumped 4.14 per cent to USD 94.12 per barrel.
Sectoral indices performance
The BSE SmallCap Select index dipped 0.15 per cent and MidCap Select index lost 0.12 per cent. Power jumped 1.24 per cent, followed by Utilities (0.88 per cent), PSU Bank (0.70 per cent) and Capital Goods (0.55 per cent).
However, BSE Focused IT declined 0.93 per cent, IT (0.79 per cent), Realty (0.70 per cent), Telecommunication (0.66 per cent) and Commodities (0.34 per cent).
A total of 2,593 stocks declined, while 1,810 advanced and 175 remained unchanged on the BSE.
Foreign Institutional Investors (FIIs) bought equities worth Rs 683.20 crore on Friday, according to exchange data.
In the commodities market, gold prices were trading at Rs 1,53,362 per 10 grams for 24 karats, while silver prices declined by 2.24 per cent to Rs 2,51,381 per kg.
Crude oil prices remained elevated, with Brent crude rising more than 4 per cent to USD 94.48 per barrel, as concerns persisted over the Strait of Hormuz situation.
Geopolitical developments continued to influence sentiment. Iran’s Foreign Ministry stated that there are currently no plans for further negotiations with the United States. The announcement came as international mediators were expecting follow-up discussions ahead of the ceasefire deadline.
Meanwhile, US President Donald Trump on Sunday said that American representatives, including Steve Witkoff and Jared Kushner, will travel to Pakistan to hold ceasefire negotiations with Iran. He also warned of severe repercussions, including potential attacks on Iranian energy and civil infrastructure, if Iran does not agree to a deal.
On Friday, the Sensex jumped 504.86 points or 0.65 per cent to settle at 78,493.54. The Nifty climbed 156.80 points or 0.65 per cent to end at 24,353.55.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)
