Nifty Prediction For Tomorrow By Experts, April 8: Indian stock market indices Sensex and Nifty 50 closed higher on Tuesday (April 7, 2026) amid firm buying in IT companies' shares. The Sensex index gained 509.73 points or 0.69 per cent to end at 74,616.58. Likewise, the NSE Nifty jumped 155.40 points or 0.68 per cent to settle at 23,123.65.
The rally in the Nifty index saw a healthy sectoral participation. Nifty IT, Nifty Realty and Nifty Metal indices were the top gainers. In the broader markets, the Nifty Midcap 100 closed with a small gain of 0.20 per cent and the Nifty Smallcap 100 fell 0.06 per cent.
Nifty Top Gainers, Losers
From the Nifty 50 pack, 35 stocks gained and 15 declined. Wipro, Infosys, TCS, Hindalco and HCL Tech were the top movers. IndiGo, Adani Enterprises, Dr Reddy's, Apollo Hospitals, Trent and SBI were the top losers.
Nifty Prediction For Tomorrow By Experts, April 8
Riyank Arora, Associate Vice President – HNI & Derivatives, Hedged.in, said that the Nifty index is holding above 23,000 mark, indicating resilience in the ongoing uptrend.
Nifty has immediate support placed in the range of 23,000 to 22,900, the analyst said. “As long as Nifty sustains above these levels, the bullish structure remains intact.” On the upside, Nifty could face resistance in the range of 23,200 to 23,300, said the expert.
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Ajit Mishra – SVP, Research, Religare Broking, said that as Nifty inches towards its immediate resistance of 20 DEMA, currently placed around 23,400, a breather cannot be ruled out before the next leg of the up move.
"On the downside, support is seen at 22,700–22,500 levels," the expert said.
Nifty Chart Candlestick | Nifty Prediction For Tomorrow By Experts
Nifty daily chart shows the formation of a long bull candle with lower shadow. Technically, this market action indicates an attempt at a decisive breakout of the crucial hurdle around 23000 levels. This is a positive indication and the sharp bounce back of the last three sessions signals the formation of a crucial bottom reversal pattern in Nifty at the recent low of 22182.
"The underlying trend of Nifty continues to be positive. The next upside levels to be watched around 23500-23600. Immediate support is placed at 22900," Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities.
Nifty RSI Above 40 | Nifty Prediction For Tomorrow By Experts
Meanwhile, Nifty's momentum indicators also support the rebound, with RSI showing a positive divergence reading near 43, indicating weakening bearish momentum.
Nifty Prediction For Tomorrow By Experts: Key Levels
"Going ahead, 23,400–23,500 will act as the immediate hurdle; a sustained move above this zone may extend the recovery towards 23,800–24,000. On the downside, 23,000 remains a crucial support, while a break below 22,800 could weaken the ongoing rebound," Dhupesh Dhameja, Derivatives Research Analyst, SAMCO Securities, said.
