Nifty 50 closed April 9 at approximately 23,997, forming a bullish Marubozu candle — a strong conviction signal heading into Thursday's session. GIFT Nifty is currently hovering in the 23,900–24,100 zone, pointing toward a cautiously positive to flat-to-gap-up opening for April 10, 2026.
The key catalyst remains the US-Iran two-week ceasefire that triggered a sharp relief rally earlier this week, sending Brent crude sliding and easing inflation worries for India as a net oil importer. India VIX has cooled considerably, signalling reduced fear in the market.
Key Levels to Watch – April 10:
Expected Opening Range: 23,900 – 24,150
Immediate Support: 23,700 – 23,800
Immediate Resistance: 24,200 – 24,400
Crucial Sustain Level: 24,000 (psychological)
Global cues are mixed — US markets closed with gains (S&P 500 +2.51%, Dow +2.85%) while Asia opened steady. FII activity and RBI policy tone remain key domestic triggers.
Traders should watch whether Nifty can sustain above 24,000 in early trade. A close above 24,200 would open the door toward 24,500–24,700 in the near term.
This is a market outlook, not investment advice.
