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Sensex Prediction for Wednesday, April 22 by experts: The domestic equity markets extended their gaining streak for the third consecutive session on Tuesday, April 21, 2026, as gains in FMCG stocks lifted the benchmark indices amid cautious optimism on peace talks between Iran and the US. Experts suggest that the bullish momentum may carry into Wednesday, though some consolidation at higher levels cannot be ruled out.
Sensex at close on Tuesday, April 21
The rally was largely supported by Banking and Financial stocks, while FMCG stocks emerged as key outperformers, showing sharp upside and contributing significantly to the gains. On the other hand, selective profit booking was seen in pockets of Pharma and Metal stocks, which slightly capped broader momentum, Shah noted.
“The key highlight of the session was consistent buying at higher levels, indicating strength and continuation of the ongoing uptrend rather than just a short-covering bounce. Market breadth remained positive, suggesting wider participation in the rally,” the technical analyst added.
Sensex Prediction for Wednesday, April 22 by experts
Market analysts maintain a bullish stance for Wednesday, noting that Tuesday’s session was characterised by strong, consistent buying rather than mere short-covering, suggesting a deeper trend of market strength.
Sensex Prediction for Wednesday, April 22 by Vipin Dixena
SEBI-registered analyst, Vipin Dixena, highlighted that Sensex has entered a clear recovery phase. “BSE Sensex has transitioned into a recovery phase after a prolonged downtrend. Price is sustaining above the cluster of EMAs (20/50), indicating improving trend strength, while the higher-high, higher-low structure confirms bullish continuation in the short term,” he said.
Technical levels to watch on Wednesday
Immediate support is seen at 78,900 while the next resistance is at 79,900 – 80,000, Dixena said.
“RSI is holding above 60, reflecting positive momentum but nearing overbought zone, suggesting a possible pause or consolidation before the next move,” he added.
Sensex Prediction for Wednesday, April 22 by Aakash Shah
Aakash Shah of Choice Broking stated that the index has broken out of its recent consolidation range, supported by sustained buying and strong participation across sectors.
“From a technical perspective, the Sensex has shown a decisive breakout above recent consolidation levels. Immediate support is placed near 78,500–78,700, while resistance is seen around 79,800–80,000,” Shah said.
“Overall, the market structure remains strongly bullish, with momentum favoring further upside, although mild consolidation near higher levels may continue,” Shah concluded.
Broader markets and sectoral indices on Tuesday, Aprl 21
Broader markets also advanced with the BSE MidCap Select index jumping 0.73 per cent and SmallCap Select index by 0.29 per cent.
Among sectoral indices, FMCG rallied the most by 2.23 per cent, followed by Realty (2.17 per cent), MidSmall Private Banks Quality Tilt (1.71 per cent), Private Banks index (1.67 per cent), Top 10 Banks (1.66 per cent) and Bankex (1.46 per cent). Capital Goods emerged as the only laggard.
Foreign Institutional Investors (FIIs) offloaded equities worth Rs 1,059.93 crore on Monday, according to BSE data.
On Monday, the Sensex closed marginally up 26.76 points or 0.03 per cent at 78,520.30. The Nifty edged up 11.30 points or 0.05 per cent to settle at 24,364.85.
(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.)
