Indian Stock Market Prediction For Next Week

The overall month has been quite unpredictable. While many on the chart stood strong, most of them have slipped. Bank Nifty on the other hand maintained its grip for a long time but now appears slightly bearish. Let’s see what the coming month holds for the investors as Mr. Sumeet Bagadia, Executive Director of Choice takes us through the weekly predictions of the market.

Nifty Prediction For Next Week (13th - 17th April 2026)

On April 6, the Nifty 50 opened the week on a firm footing, starting the session 75 points higher at 22,780.30. The index witnessed a strong rally during the day, climbing to an intraday high of 24,074.05 before settling at 24,050.60, registering a gain of 1,337.5 points (5.89%) on 10th April. This sharp rise highlights strong buying participation and reflects a bullish undertone in the market. Additionally, the index has closed above the 100 mark, suggesting a possible transition toward a positive trend. Overall, the price action indicates strengthening momentum and improved investor confidence.

From a technical standpoint, the 23,500–23,150 range is likely to act as a key support zone. On the upside, resistance is expected in the 24,500–25,000 band. The Relative Strength Index (RSI) on the weekly chart stands at 44.23, indicating that the market is recovering from lower levels but is yet to reach overbought conditions.

At the same time, India VIX fell by 7.72% to close at 18.85, pointing to reduced volatility and a decline in market fear. In the derivatives segment, significant call writing was seen at the 24,300 strike, with additional positions at 24,500. On the put side, strong writing at the 24,000 strike suggests this level may act as immediate support. Despite the easing volatility, traders should remain cautious and maintain disciplined risk management while monitoring key levels for further direction.

Also know: Tomorrow market prediction

Bank Nifty Prediction For Next Week (13th - 17th April 2026)

The Bank Nifty index began the week session on a flat note, opening with a gap-up of 195 points at 51,747.6. It registered an intraday high of 55,978.5, indicating strong buying interest and aggressive upward momentum. As the session progressed, the index maintained a sideways-to-bullish bias and eventually closed at 55,912.75, posting a gain of 4,364 points (8.47%) on a weekly basis, which reflects a strong recovery and renewed bullish sentiment in the banking space. On the weekly timeframe, the index has formed a strong bullish candle, suggesting continued strength and potential for further upside if momentum sustains.

From a technical perspective, the index is likely to find support in the 53,700–53,000 range, while resistance is placed around the 56,700–57,700 zone. The Relative Strength Index (RSI) stands at 47.16, reflecting improving momentum from lower levels, though it still remains below the bullish threshold.

However, failure to sustain above higher levels may keep the index under short-term corrective pressure. Traders are advised to remain cautious, follow disciplined risk management, and closely monitor key levels for the next directional move.

Technical Research - Team Choice gives the prediction.

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