NIFTY View For 09/04/2026

Manas Jaiswal Research Analyst Image

Yesterday, NIFTY opened with a strong upside gap and started the session above the 23,800 mark. It went on to test the 24,000 level and eventually closed just below it.

NIFTY has regained the 20-DEMA, placed near 23,400, and is now trading above the 38.2% retracement of its recent decline from 26,341 to 22,182, indicating improving momentum. A sustained move above 24,000 could further strengthen the recovery and open the path towards 24,261, which corresponds to the 50% retracement level.

On the downside, the 23,500–23,400 zone will act as an important support area. Long positions can be maintained with a protective stop-loss below 23,400.

Nifty Imp Levels For 09/04/2026

Open 23855
High 24025
Low 23828
Close 23997
S 1 23875
S 2 23753
R 1 24072
R 2 24146

Actionable Ideas On Nifty for 09/04/2026

Action SL TGT
Buy above 24030 23900 26250
Sell below 23690 23851 23400
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Manas Jaiswal Technical Research Group