Sensex, Nifty Prediction By Experts For Wednesday: Indian benchmark indices Sensex and Nifty 50 ended lower on Monday (April 13, 2026) after talks between the US and Iran failed to yield an agreement. The Nifty index fell below the 23,600 mark. But it staged a strong recovery of nearly 300 points from the day’s low and closed at 23,842.65, down 207.95 points, or 0.86 per cent. The Sensex index declined by 702.68 points, or 0.91 per cent, to settle at 76,847.57.
All the sectoral indices closed in the red, with the Nifty Auto emerging as the biggest laggard. The Nifty Midcap and Smallcap indices also settled lower, declining by 0.57 per cent and 0.46 per cent, respectively.
Nifty Top Gainers, Losers
HDFC Life, Adani Enterprises, and ICICI Bank emerged as the top gainers within the Nifty 50. On the flip side, Eicher Motors, Maruti, and Bajaj Finance bore the brunt of the selling pressure, ending the day as the top laggards.
Sensex, Nifty Prediction By Experts For Wednesday
Aakash Shah, Research Analyst, Choice Equity Broking, said that the overall 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.
Aakash Shah said that Nifty has immediate support in the 23,650–23,690 zone, while resistance is observed in the 23,950–24,000 range.
Nandish Shah - Deputy Vice President, HDFC Securities, said that Nifty on Monday found support at its 20-day EMA, rebounding over 300 points from the low, signaling underlying resilience. The short-term trend remains positive as the index continues to trade above its 5, 11, and 20-day EMAs.
"Nifty took support at 20-day EMA and recovered more than 300 points from the low, suggesting strength. Short term trend of the Nifty remains strong, as It is closed above its 5 and 20 day EMA. Today's swing low at 23,555 is likely to act as a strong support, while the 24,000-24,075 band poses near-term resistance," the expert said.
Nifty Chart Candle | Sensex, Nifty Prediction By Experts
Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities, said that Nifty has formed a long green candle was formed on the daily chart at the lows, which indicates a formation of counter attack of bull type pattern.
After the series of bearish lower tops and bottoms formations in the recent past, Nifty registering a new higher low at 23555 on Monday could be a sigh of relief for bulls to sustain the recent bounce back.
"The weakness of Monday has not damaged the underlying near-term uptrend status of the market. Nifty is now placed at the crucial support of 23500 levels and one may expect further upside in the near term. Immediate resistance is at 24100," the expert said.
Nifty RSI Indicator, PCR | Sensex, Nifty Prediction By Experts
Nifty's Relative Strength Index (RSI) stands at 51.70, sustaining above the midpoint level, indicating underlying strength despite the negative close.
From the derivatives perspective, PCR stands at 1.09, indicating a mildly bullish stance. The options data shows put writing concentrated at 23,800–23,500, strengthening the support base, while call writing near 24,000–24,200 is capping the upside.
Sensex Outlook For Wednesday, April 15 | Sensex, Nifty Prediction By Experts
Aakash Shah said that 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. Sensex has immediate support placed near 76,250–76,400, while resistance is seen around 77,300–77,450, the expert said.
"A breakdown below support could extend the decline further, while any pullback towards resistance may face selling pressure," the expert added.
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