The Indian stock market is expected to open flat to slightly positive on 22 April 2026, with the Nifty 50 likely to take cues from strong banking stocks and stable global markets. In the previous session, the index managed to hold above the 24,400–24,500 zone, indicating underlying strength despite mild profit booking at higher levels.
Banking and financial stocks continue to provide support to the market, while weakness in the IT sector may limit sharp upside. Global cues remain neutral to positive, with easing geopolitical tensions and stable US markets contributing to investor sentiment.
From a technical perspective, Nifty 50 has immediate support at 24,000 and strong support near 23,700. On the upside, resistance is placed at 24,500 followed by 24,700. A breakout above 24,500 could trigger further buying momentum, while failure to sustain may lead to consolidation.
For 22 April 2026, the index is expected to open in the range of 24,350 to 24,650 with a sideways to bullish bias. Traders are advised to adopt a cautious approach and focus on stock-specific action.
