Nifty Prediction For Monday, April 27: More Weakness Ahead? Know Key Triggers, Support And Resistance Levels

Last Updated:April 25, 2026, 11:50 IST

Analysts say the markets may stay volatile and news-driven, with investors tracking US-Iran tensions, Brent crude movement, Q4 earnings and global market cues closely.

Nifty Prediction for Monday, April 27.

Nifty Prediction For Monday, April 27: Indian stock markets are expected to head into the next week, with sentiment turning cautious after benchmark indices snapped a two-week winning streak amid rising geopolitical tensions, elevated crude oil prices, weak IT earnings commentary and continued foreign fund outflows.

The Nifty 50 ended the week at 23,897.95, down 1.87 per cent, while the Sensex settled 2.33 per cent lower at 76,664.21. Market experts believe the coming session could remain volatile and highly news-driven, with investors closely tracking developments around the US-Iran situation, Brent crude prices, Q4 earnings and global cues.

Why Markets Turned Weak Last Week

Analysts said the market’s early recovery attempt lost momentum as concerns resurfaced over tensions involving the US and Iran, along with continued disruptions in the Strait of Hormuz, a key global oil shipping route.

Firm crude oil prices have emerged as a major concern for Indian equities because higher oil raises inflation risks, widens the import bill and can pressure corporate margins.

Ponmudi R, CEO of Enrich Money, said Indian markets have moved from a recovery phase into a cautious corrective structure due to elevated crude prices, geopolitical uncertainty and weak institutional flows.

Ajit Mishra, senior vice-president (research), Religare Broking, said weak earnings commentary from IT majors and persistent selling by foreign institutional investors also weighed on sentiment.

“Global developments continued to dominate market direction, with ongoing uncertainty around the West Asia crisis and concerns over supply disruptions keeping crude oil prices elevated. Brent crude surged nearly 8-10% during the week, crossing the $105 per barrel mark, thereby intensifying concerns around inflation, a widening import bill, and potential pressure on India’s fiscal balance. Additionally, disappointing earnings and subdued outlook from IT majors, coupled with sustained foreign institutional investor (FII) outflows, further dampened sentiment,” Mishra added.

Nifty Prediction For Monday, April 27

Experts suggest the 23,800-23,900 zone will be critical for the Nifty on Monday.

Ponmudi R said Nifty is currently hovering near the 23,800-23,900 area after recent selling pressure. According to him, immediate resistance is placed in the 24,300-24,400 zone, which has now turned into a supply area. A sustained move above this band may revive momentum and open the path towards 24,600-24,800.

On the downside, he sees 23,800 as an immediate support level, while a stronger demand zone lies between 23,600 and 23,400.

Ajit Mishra said the index has slipped below its crucial support near 23,900, indicating a negative near-term bias. He placed immediate support around 23,500, while the 24,200-24,500 band is likely to act as a strong resistance zone.

That means Monday’s trade may depend on whether bulls can reclaim 24,000 quickly or bears drag the index below 23,800.

Ponmudi said, “Looking ahead, markets are expected to remain highly news-driven and volatile, with key focus on developments in U.S.–Iran negotiations, trends in crude oil prices, and broader global cues. Stability or a decline in oil prices could help ease macro concerns and support risk sentiment, while any escalation or prolonged disruption in the Strait of Hormuz may trigger renewed volatility and profit booking. Currency movements and global market trends will also play a crucial role in shaping direction.”

Key Levels To Watch On Monday

For traders, 23,800 remains the first important support. If this breaks decisively, markets could test 23,600 and then 23,500. On the upside, immediate hurdles are seen near 24,200, followed by 24,400. A close above these levels may improve short-term sentiment.

Bank Nifty Outlook

Bank Nifty has shown relative resilience compared with the benchmark indices. Ponmudi R said the banking index is trading near the 56,000 zone and faces resistance between 57,000 and 57,500. A breakout above this range could trigger a move towards 58,000.

Mishra said immediate support is placed near 55,600, followed by a major level around 54,300.

Banking stocks may therefore remain crucial in deciding whether the broader market stabilises on Monday.

What Will Drive Markets This Week

Apart from geopolitical headlines and crude oil movement, the ongoing Q4 earnings season is expected to remain a key market trigger. Investors will track results and management commentary from companies across banking, metals, cement, consumption and financial sectors.

Macro data may also influence sentiment, including India’s industrial production numbers and global central bank cues, especially the US Federal Reserve’s upcoming policy decision.

Sector View

Experts remain selective in their sector preferences. Religare Broking said energy and metals may continue to attract interest, while selective opportunities may emerge in FMCG and pharma. IT, however, may remain under pressure after the recent sharp correction and weak outlook from major companies.

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