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Nifty Prediction for Wednesday, April 15 by experts: Following a one-day hiatus for Ambedkar Jayanti on Tuesday, April 14, domestic share markets are expected to remain cautiously optimistic on Wednesday, April 15.
On Monday, the stock markets closed nearly 1 per cent lower as the failure of US-Iran negotiations heightened concerns of a prolonged conflict driving crude oil prices sharply higher.
“On the daily timeframe, the index formed a strong bullish recovery candle after a gap-down opening, indicating buying interest at lower levels. The price action suggests demand absorption near the lows and a potential shift in short-term sentiment, provided follow-through buying continues,” Shah stated.
Nifty Prediction for Wednesday, April 15 by experts
While Monday’s session ended in the red after the breakdown of US-Iran peace talks, a sharp 300-point recovery from the day’s lows has provided a “sigh of relief” for market bulls.
Technical analysts, meanwhile, are highlighting a significant recovery pattern formed on Monday. After a massive 460-point gap-down opening, the Nifty staged a steady comeback to close near the day’s high at 23,842.65.
Nifty Prediction for Wednesday, April 15 by Nagaraj Shetti
Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities, noted that the sharp bounce-back of the previous six sessions only briefly halted.
“A long green candle was formed on the daily chart at the lows, which indicates a formation of counter attack of bull type pattern. After the series of bearish lower tops and bottoms formations in the recent past, Nifty registering a new higher low at 23555 on Monday could be a sigh of relief for bulls to sustain the recent bounce back,” the analyst.
He added that Monday’s weakness has not damaged the underlying near-term uptrend status of the market. “Nifty is now placed at the crucial support of 23500 levels and one may expect further upside in the near term. Immediate resistance is at 24100,” Shetti said.
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Nifty 50 daily chart – April 13, 2026
Nifty Prediction for Wednesday, April 15 by Nandish Shah
Nandish Shah – Deputy Vice President, HDFC Securities, said, “Nifty shed over 200 points, weighed down by souring global sentiment and a spike in crude oil prices, closing 230 points lower at 23,842. It opened 460 points lower after a breakdown in US-Iran talks, but buyers stepped in at lower levels, driving a 300-point recovery from the day’s lows to end near the high,” Shah said.
“The rupee weakened for a third straight session, depreciating 65 paise to 93.38, its sharpest drop in two weeks. This weakness is directly linked to surging crude oil prices following President Trump’s order to blockade the Strait of Hormuz. All eyes are on the 10:00 AM EST window for potential U.S. Military movement following failed diplomatic talks,”
Shah pointed out that the Nifty found firm support at its 20-day Exponential Moving Average (EMA), rebounding over 300 points from the low, signalling underlying resilience. “The short-term trend remains positive as the index continues to trade above its 5, 11, and 20-day EMAs,” the analyst said.
“Nifty took support at 20-day EMA and recovered more than 300 points from the low, suggesting strength. Short term trend of the Nifty remains strong, as It is closed above its 5 and 20 day EMA. Today’s swing low at 23,555 is likely to act as a strong support, while 24,000-24,075 band poses near-term resistance,” he concluded.
Nifty Prediction for Wednesday, April 15 by Aakash Shah
From a technical perspective, Aakash Shah, Technical Research Analyst at Choice Equity Broking Private Limited, said the immediate support is placed in the 23,650–23,690 zone, while resistance is observed in the 23,950–24,000 range.
“The Relative Strength Index (RSI) stands at 51.70, sustaining above the midpoint level, indicating underlying strength despite the negative close. The volatility index, India VIX, rose by 8.75% to close at 20.50, reflecting a slight increase in market uncertainty after the previous session’s sharp decline,” he stated.
“In the derivatives segment, notable call writing was observed at the 23,900 and 24,000 strike levels, indicating immediate resistance. On the put side, significant writing at 23,800 and 23,700 levels suggests support at lower levels. Sectorally, the session saw mild profit booking across most sectors after the previous sharp rally, with broader indices showing subdued performance. However, the strong intraday recovery across sectors indicates continued buying interest at lower levels,” Shah added.
- 20 Day EMA – 23,547.07
- 50 Day EMA – 24,187.75
- 100 Day EMA – 24,702.69
- 200 Day EMA – 24,836.17
Bank Nifty Prediction for Wednesday, April 15 by Aakash Shah
“The Bank Nifty index opened with a significant gap-down of 1,266.75 points at 66,038.40, reflecting weak opening sentiment. Similar to the broader market, it formed its intraday low of 65,625.55 early in the session and witnessed strong buying interest thereafter. The index rebounded sharply to an intraday high of 67,321.80 and closed at 67,123.30, ending with a marginal loss of 307.70 points or 0.55%. On the daily timeframe, the index formed a strong bullish recovery candle, indicating buying interest at lower levels and resilience in the banking space. The price structure suggests that dips are being bought into, supporting a positive undertone,” Shah added.
From a technical perspective, immediate support is placed in the 55,300–55,350 zone, while resistance is observed in the 55,800–55,900 range. The Relative Strength Index (RSI) stands at 52.68, holding above the midpoint, which indicates sustained momentum despite minor profit booking, the technical analyst said.
Markets witnessed a volatile session with a gap-down opening followed by a strong intraday recovery, indicating buying interest at lower levels. While indices ended in the red, the overall price action suggests underlying strength. Going forward, sustaining above immediate support levels and crossing key resistance zones will be crucial to confirm continuation of the bullish momentum,” Aakash Shah added.
Sectoral indices performance on Monday
Sectorally, selling pressure was visible across most indices. Nifty Auto declined by more than 2 per cent, while Nifty IT fell 1.16 per cent. Nifty FMCG was down by 1.29 per cent, and Nifty Pharma slipped 0.29 per cent. Nifty Private Bank also ended in the red, while the Nifty Oil and Gas index declined 1.41 per cent on the NSE.
Stock markets remained closed on Tuesday for Baba Saheb Ambedkar Jayanti.
(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.)
