📊 Nifty Today: Market Update & Trading Plan (April 9, 2026)

🔹 Market Snapshot

• Nifty 50: 23,857 ▼ -140 (-0.58%)

• Sensex: 76,957 ▼ -605 (-0.78%)

• Bank Nifty: 55,278 ▼ -425 (-0.76%)

Weakness in banking heavyweights continues to weigh on the index.

🔹 Technical Levels

• Support Zones: 23,400 – 23,500

• Resistance Zones: 23,900 – 24,000

🎯 Entry & Exit Strategy

🔸 Intraday Setup

• Entry (Short): Near 23,900–24,000 resistance zone if price fails to sustain above.

• Stop Loss: 24,050 (tight risk control).

• Target Exit: 23,500 support zone.

• Entry (Long): Only if Nifty decisively breaks above 24,000 with volume.

• Stop Loss: 23,850.

• Target Exit: 24,150–24,200.

🔸 Swing Setup

• Bearish Bias: Below 23,500, fresh shorts can be initiated.

  • Entry: On breakdown below 23,480.

  • Stop Loss: 23,650.

  • Target Exit: 23,200 / 23,000.

• Bullish Bias: Above 24,000, trend reversal possible.

  • Entry: On breakout above 24,020.

  • Stop Loss: 23,800.

  • Target Exit: 24,300 / 24,500.

🔹 Key Takeaway

Nifty is stuck between 23,500 support and 24,000 resistance. Traders should stay disciplined:

• Sell near resistance, buy only on breakout.

• Risk management is critical given the volatility in banking stocks.