Nifty Prediction for 21 April 2026: Gap Down Opening Likely as GIFT Nifty Signals Weakness

The Indian stock market ended Monday’s session on a muted note, reflecting indecision among traders. Despite expectations of volatility, indices like Nifty, Bank Nifty, and Sensex traded near their previous closing levels, indicating a lack of strong directional bias.

However, the focus now shifts to Tuesday’s session (21 April 2026), where early indicators from GIFT Nifty suggest a cautious to negative start. The index has consistently faced resistance around the 24,480 zone and failed to sustain upward momentum. This repeated rejection is a sign of underlying weakness in the market.

Technically, Nifty has a crucial support at 24,280. This level previously acted as a strong base and triggered buying momentum during intraday trading. A breakdown below this level could open the gates for further downside towards 24,240, 24,200, and even 24,170.

On the upside, immediate resistance is placed at 24,510. Even if the market attempts a pullback, this level is expected to act as a strong hurdle. Only a decisive breakout above 24,510 can shift the sentiment towards bullish, with further upside targets at 24,550, 24,585, and 24,620.

Bank Nifty also reflects a cautious structure, with resistance near 56,970 and support around 56,450. A breakdown below support could accelerate selling pressure, while a breakout above resistance may trigger short covering.

In conclusion, traders should prepare for a potentially weak start on Tuesday and adopt a cautious approach. Monitoring key levels and reacting accordingly will be crucial for intraday trading decisions.