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Sensex Prediction for Monday by experts: Indian benchmark indices closed on a high note last week, reflecting a renewed sense of confidence among investors following a period of volatility. The market’s technical structure, meanwhile, appears increasingly robust as it enters the new week on Monday, April 20.
Driven by optimism surrounding easing geopolitical tensions, falling crude prices, and fresh foreign fund inflows, the BSE Sensex and NSE Nifty rallied nearly 1 per cent on Friday.
Renewed hopes of a diplomatic resolution between the US and Iran, along with a 10-day ceasefire between Israel and Lebanon, have materially improved global risk appetite.
Sensex at close on Friday, April 17
A total of 3,043 stocks advanced while 1,284 declined and 166 remained unchanged on the BSE. Investors’ wealth surged by Rs 4.84 lakh crore to Rs 4,65,64,461.51 crore (USD 5.02 trillion) on BSE.
On the weekly front, the BSE benchmark jumped 943.29 points or 1.21 per cent, and the Nifty climbed 302.95 points or 1.25 per cent.
Sensex gainers and loser on Friday, April 17
In contrast, Sun Pharma, Mahindra & Mahindra, Larsen & Toubro and HCL Tech were among the laggards.
“Sector-wise, the performance was broadly positive, led by gains in Capital Goods, Consumer Durables and Metal stocks, followed by strength in Power, Oil & Gas and Industrials. Financials, Auto and Realty also traded higher, while IT and Telecom remained relatively stable, indicating widespread participation across sectors,” Tailor stated.
Sensex Prediction for Monday, April 20 by experts
As trading resumes on Monday, the focus will remain on whether the index can sustain their upward momentum. Analysts said while the underlying sentiment remains “sideways to bullish”, they have recommended a cautious approach, noting that while the technical setup favours further upside, investors should remain alert to minor pullbacks near resistance zones as profit-taking could emerge.
Sensex Prediction for Monday, April 20 by Vipin Dixena
Highlighting the potential for a continued bullish run, aSEBI-registered analyst, Vipin Dixena said, “SENSEX is showing a steady intraday uptrend after reclaiming the key 78,000 level, with price now approaching the crucial resistance zone near 78,650. The structure remains bullish as higher lows are forming above the rising 50-EMA, which is acting as a dynamic support. The 78,000 level is a strong demand area, and price respecting this level reinforces buyer control. RSI is trending upwards near 60, indicating improving momentum but still not overbought, leaving room for continuation.”
“Bias is bullish continuation above 78,000 — sustained strength can push towards 78,650–79,000 zone; however, price is nearing resistance so some consolidation or minor pullback is possible before breakout,” Dixena added.
Sensex Prediction for Monday, April 20 by Hitesh Tailor
From a technical standpoint, Tailor stated the index is maintaining a positive bias with sustained buying interest at lower levels, reflecting improving short-term momentum.
“The recent price action indicates gradual strength after consolidation, with the index holding above key support zones. Key technical levels suggest that support is placed in the 77,700–77,800 zone, which is likely to act as a demand area on declines, while resistance is seen around 78,800–79,000, where upside may face supply pressure,” the analyst said.
“The near-term outlook remains cautiously positive, with steady momentum; however, ongoing geopolitical developments may keep volatility elevated, while dips are likely to attract buying interest,” he added.
Indices performance on Friday, April 17
The BSE SmallCap Select index jumped 1.76 per cent, and the MidCap Select index climbed 1.31 per cent.
All indices ended higher. FMCG climbed 2.57 per cent, Capital Goods (2.19 per cent), Power (1.95 per cent), Utilities (1.51 per cent), Energy (1.43 per cent) and Industrials (1.32 per cent).
On Thursday, the Sensex declined 122.56 points or 0.16 per cent to settle at 77,988.68. The Nifty dropped 34.55 points or 0.14 per cent to end at 24,196.75.
(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.)
