Nifty Prediction For Tomorrow By Experts: Indian stock market indices Sensex and Nifty 50 ended lower on April 9, 2026, (Thursday) due to sustained selling pressure and weak investor sentiment. The BSE Sensex dropped 931.25 points (1.20%) to close at 76,631.65, while the Nifty 50 declined 222.25 points (0.93%) to settle at 23,775.10.
The Nifty 50 opened with 90-point gap-down, reflecting early weakness. Although it attempted a recovery, it faced resistance near 23,990.75, which triggered renewed selling. Another unsuccessful attempt to hold above 23,800 intensified the downward move, pushing the index to an intraday low of 23,682.80.
On the sectoral front, oil & gas, PSU banks, auto, infra, consumer durables, media, and private banks witnessed selling pressure. Metals, power, and pharma stocks outperformed.
Broader markets remained relatively resilient, with the Nifty Midcap index and Smallcap index ending in the green.
Nifty Support And Resistance Levels Tomorrow | Nifty Prediction For Tomorrow By Experts
Bajaj Broking Research said that Nifty is likely to consolidate in the range of 24,000-23,100 in the coming sessions amid stock specific action. On the higher side only a move above 24,000 levels will open further upside towards 24,300 and 24,700 levels over the coming weeks.
Nifty has immediate support at 23,450-23,100 levels and short-term support is placed at 22,700–22,500 zone.
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Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities, said that Nifty is expected to find support around the lows of 23500 in the next few sessions before bouncing back from the higher lows. Key overhead resistance to be watched around 24000.
Nifty Chart Pattern | Nifty Prediction For Tomorrow By Experts
Hitesh Tailor, Research Analyst - Research at Choice Equity Broking, said that Nifty has formed a bearish piercing pattern. This chart pattern suggests short-term weakness.
The expert said that Nifty has immediate resistance seen in the 23,920–24,000 range and support placed at 23,500–23,580.
Nifty RSI Today | Nifty Prediction For Tomorrow By Experts
Nifty RSI stands at 51.30, indicating neutral momentum.
India VIX is hovering around the 20 mark. If India VIX declines, it can further provide additional comfort to the bulls.
Nifty Chart Candle | Nifty Prediction For Tomorrow By Experts
Nilesh Jain, VP- Head of Technical and Derivative research at Centrum Finverse said that Nifty faced strong resistance near the 24,000, bringing an end to its five-day winning streak. Nifty has formed a small bearish candle on the daily chart amid heightened volatility.
Going ahead, a decisive breakout above 24,000 is crucial to trigger a potential short-covering rally towards the 24,500 zone, the expert said.
"On the downside, Nifty has immediate support placed at 23,500 levels," the expert added.
