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Sensex Prediction for Wednesday, April 15: Benchmark stock indices – Sensex and Nifty – are expected to remain under significant pressure on Wednesday, April 15, as investors navigate soaring crude oil prices and a dramatic escalation in Middle East tensions following the failure of US-Iran negotiations.
After a bruising trading session on Monday, April 13, that saw the 30-share BSE Sensex plunge over 700 points, technical analysts noted that the market participants are eyeing crucial support levels to see if the indices can find a floor amidst global instability.
US and Iran peace talk failed
The US and Iran failed to reach a peace deal at their historic 21-hour talks in Pakistan, leaving the fate of a tenuous two-week ceasefire in doubt, with both sides attempting to hold each other responsible for the collapse of the negotiations.
The pressure in the markets further exaggerated after the statement released on Truth Social by President Trump that the United States Navy would begin intercepting vessels in the region immediately to prevent Iran from profiting from the passage.
“Effective immediately, the United States Navy, the Finest in the World, will begin the process of BLOCKADING any and all Ships trying to enter, or leave, the Strait of Hormuz,” Trump stated in a social media post.
The US President indicated that while the goal is to return to a status where all ships are allowed passage, the current blockade is necessary due to Iranian actions and claims regarding maritime mines.
The analyst further stated the weakness was primarily driven by rising geopolitical tensions in the Middle East and a sharp spike in crude oil prices, which dampened investor sentiment. Concerns over inflation and global uncertainty further added to the cautious undertone, while mixed institutional flows kept the market range-bound with a negative bias.
“Sectorally, auto and FMCG emerged as the top laggards, dragging the index lower, while Energy and Defence stocks showed relative resilience. The decline was largely led by index heavyweights, indicating broad-based selling pressure across key sectors,” Shah stated.
“Market breadth remained firmly negative, with declining stocks outpacing advancing ones, highlighting continued risk aversion. Broader markets also underperformed, with midcap and small-cap indices ending lower, reflecting weakness beyond benchmark indices,” he added.
Sensex Prediction for Wednesday, April 15 by experts
Technical analysts suggest that while the long-term structure is holding, the immediate path for Wednesday remains fraught with risk.
Sensex Prediction for Wednesday, April 15 by Aakash Shah
Aakash Shah, Technical Research at Choice Broking, stated, “From a technical perspective, the Sensex has slipped below the crucial 77,000 level closing at 76,847 down by -702.68 Points, indicating near-term weakness.”
Immediate support is placed near 76,250-76,400, while resistance is seen around 77,300–77,450. “A breakdown below support could extend the decline further, while any pullback towards resistance may face selling pressure,” Shah cautioned investors.
For Wednesday, the analyst said, “Overall, the market is exhibiting a weak and volatile structure, with sentiment turning cautious amid global uncertainties. The near-term outlook suggests continued consolidation with a negative bias, unless key resistance levels are reclaimed decisively.”
Sensex Prediction for Wednesday, April 15 by Vipin Dixena
SEBI-registered analyst, Vipin Dixena said, “S&P BSE Sensex is currently trading in a well-defined sideways range, with 77,650 acting as the upper band and 76,000 as the lower band, indicating a phase of consolidation. Despite this, price is holding above the 50-EMA on intraday charts, but it is positioned near the midpoint of the range where risk-reward is unfavourable. Also, RSI slipping below 50 reflects fading momentum.”
Immediate resistance is placed around 77,000, while 76,000 remains a crucial support.
“A decisive breakout above resistance can trigger momentum toward 77,600+, whereas a breakdown below support may initiate a fresh downtrend. Avoid taking positions in the middle of the range,” Dixena stated.
Sectoral indices on Monday, April 13
The BSE MidCap Select index dropped 0.82 per cent and SmallCap Select index declined 0.33 per cent.
Auto edged lower by 2.10 per cent, followed by Energy (1.34 per cent), Services (1.31 per cent), Oil & Gas (1.25 per cent), Consumer Discretionary (1.21 per cent), IT (1.17 per cent), and BSE Focused IT (1.02 per cent).
Telecommunication, Utilities and Power were the winners.
A total of 2,573 stocks declined, while 1,790 advanced and 201 remained unchanged on the BSE.
On Friday, the Sensex jumped 918.60 points or 1.20 per cent to settle at 77,550.25. The Nifty climbed 275.50 points or 1.16 per cent to end at 24,050.60.
(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.)
