Nifty Prediction For Tomorrow By Experts, April 2: Indian stock market indices Sensex and Nifty 50 closed higher on Wednesday (April 1, 2026) amid a positive global sentiment. The Nifty 50 opened sharply higher with a gap-up of 567.60 points at 22,899 and touched an intraday high of 22,941.30 during the first half of the session. However, in the latter half, the index experienced profit booking, leading to a decline of 322.70 points from the day’s high to an intraday low of 22,618.60.
Nifty 50 index settled in positive territory at 22,679.40, registering a gain of 348 points or 1.56% compared to the previous close.
The Sensex index also started the new fiscal year on a high note as it jumped 1,186.77 points or 1.65 per cent to settle at 73,134.32. During the day, it surged 2,017.03 points or 2.80 per cent to 73,964.58.
Nifty Prediction For Tomorrow: Nifty Daily Chart
On the daily chart, although Nifty opened with a strong gap-up, the subsequent selling pressure in the second half resulted in a complete gap fill within the same session. This indicates the presence of selling interest at higher levels, suggesting that traders should remain cautious near key resistance zones.
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Hitesh Tailor, Research Analyst - Research at Choice Equity Broking, said that from a technical perspective, immediate support for the index is placed in the 22,500–22,550 range, while resistance is observed between 22,800 and 22,850 levels.
Nifty Prediction For Tomorrow: Nifty RSI Level
Nifty's Relative Strength Index (RSI) is currently at 37.08. While initial signs of recovery are emerging, the RSI remains below the midpoint level of 50, and a sustained move above this threshold would be required to confirm stronger upward momentum.
Nifty Prediction For Tomorrow: Nifty OI Data
In the derivatives segment, significant Call writing was observed at the 22,800 strike, followed by the 22,900 strike.
On the Put side, notable writing activity was seen at the 22,700 and 22,500 strike levels.
Nifty 20 Day EMA Level: 23,512.67
Nifty 50 Day EMA Level: 24,400.07
Nifty 100 Day EMA Level: 24,881.42
Nifty 200 Day EMA: 24,932.71
Nifty Prediction For Tomorrow, April 2 By Experts
Ajit Mishra – SVP, Research, Religare Broking, said that Nifty has witnessed a relief rally after a steep 11% decline in March. However, sustainability remains critical. Immediate resistance is placed in the 23,000–23,200 zone.
Nifty has a key hurdle at 23,500, while support is seen in the 22,300–22,000 range, the expert said.
Dhupesh Dhameja, Derivatives Research Analyst, SAMCO Securities, said that a sustained move above 22,950–23,000 is required in Nifty to extend the recovery toward 23,200–23,400, while failure to hold 22,500 could again drag the index toward 22,250–22,000.
Rupak De, Senior Technical Analyst at LKP Securities, said that Nifty's broader trend still appears weak and tilted in favour of the bears. Nifty's closeness to key support, along with the RSI divergence, points to early signs of a potential recovery.
"On the upside, resistance is placed at 22,800, above which the index could move towards 23,000 and higher. On the downside, a decisive fall below 22,200 may revive bearish momentum," the expert said.
