Sensex Prediction for tomorrow by experts: Range-bound, mildly bullish trend seen for Monday - Key support, resistance levels to watch on April 6

Sensex Prediction for Monday, April 6 by experts: The stock markets staged a spirited recovery from early losses on Thursday to end the session in the green territory, reflecting resilience in investor sentiment despite global uncertainties. Benchmark BSE Sensex rose by 185 points on strong value buying in IT and banking shares and a sharp rebound in the rupee.

As the trading session resumes on Monday, April 6, analysts said that the benchmark 30-share BSE Sensex is expected to remain range-bound with a mild bullish bias.

Sensex, Nifty at close on Thursday, April 2

Rebounding more than 2,000 points from the day's low, Sensex settled higher by 185.23 points, or 0.25 per cent, at 73,319.55. The index opened lower and tanked further by 1,588 points to hit a day's low of 71,545.81 in the first half of the session.

Strong value buying in IT bellwethers like HCL Tech and TCS, and banking giants HDFC Bank and ICICI Bank, helped the barometer recover from sharp losses, hitting a high of 73,568.54 in the pre-close session.

The 50-share NSE Nifty followed a similar trajectory and closed above 22,700 at 22,713.10, up by 33.70 points, or 0.15 per cent. The index fell 496.85 points, or 2.19 per cent, in early trade before recovering to hit a high of 22,782.30.

Trading activity remained paused on Friday on account of the Good Friday holiday.

Sensex gainers and losers on Thursday, April 2

From the Sensex constituents, Infosys, Tata Consultancy Services, HDFC Bank, Bajaj Finance, Maruti Suzuki India, Titan, Axis Bank, Bharat Electronics Ltd, Kotak Mahindra Bank and ITC were the major gainers.

On the other hand, Asian Paints, Eternal, Sun Pharmaceuticals, NTPC, Reliance Industries, PowerGrid, Mahindra & Mahindra, UltraTech Cement, Adani Ports, Bajaj Finserv and Tata Steel were the only laggards.

Aakash Shah, Research Analyst at Choice Equity Broking Private Limited, said, “On 02 April 2026, the BSE Sensex witnessed a highly volatile trading session, plunging sharply in early trade before staging a strong recovery to close 185 points higher at 73,319. The index declined over 1,500 points intraday amid intense selling pressure but rebounded significantly in the second half, supported by value buying and short covering.”

“The early weakness was triggered by escalating geopolitical tensions in the Middle East, which led to a spike in crude oil prices and dampened global sentiment. Additionally, FII outflows and cautious global cues kept pressure on markets during the first half,” he further said.

“Sectorally, the market remained mixed with a positive undertone in the latter half, as IT stocks emerged as the top gainers, providing strong support to the index. Metals and financials ended mildly positive, contributing to the recovery, while early weakness was visible across segments during the first half. The rebound was largely driven by short covering and buying in index heavyweights, rather than a fully broad-based rally, while defensive stocks showed relative resilience,” Shah stated.

Shah said the market breadth remained mixed, with widespread declines in the first half; however, the late-session recovery improved participation, indicating selective buying at lower levels despite an overall cautious undertone.

“Broader markets underperformed the benchmark, with midcap and small-cap indices closing marginally lower, reflecting continued risk aversion among investors,” the analyst added.

A total of 2,649 stocks advanced, while 1,589 declined and 149 remain unchanged on the BSE.

Sensex Prediction for Monday, April 6 by experts

As trading resumes on Monday, market experts are painting a picture of ‘cautious optimism’. Following a massive 2,000-point intraday swing, technical analysts are zeroing in on a narrow corridor that will define the next leg of the Sensex.

Sensex Prediction for Monday, April 6 by Aakash Shah

From a technical perspective, Aakash Shah of Choice Equity Broking highlighted that Sensex defended the crucial 72,800–72,900 support zone, indicating strong demand at lower levels.

He further stated that the immediate resistance is placed near 73,800–73,900, and a sustained move above this zone could trigger further upside momentum. “On the downside, 72,800 remains a key support, and a breach below this level may lead to renewed selling pressure,” he added.

“Overall, the market is in a high-volatility consolidation phase, and the near-term strategy favours a buy-on-dips approach near support while remaining cautious near resistance levels, until clearer global cues emerge,” Shah advised.

Sensex Prediction for Monday, April 6 by Vipin Dixena

Vipin Dixena, a SEBI-registered analyst, noted that the intraday chart structure shows a range-bound recovery attempt within a broader downtrend while still trading around the declining 50 EMA, indicating supply overhead.

“RSI has bounced from lower levels and is now near mid-zone (~55–58), suggesting short-term momentum recovery but not strong trend confirmation yet,” Dixena further stated.

Immediate support is at 72,650 and resistance at 73,850, he added.

For Monday’s trading session, Dixena said, “Bias remains neutral to slightly bullish above 72,650, but a rejection near 73,850 can lead to another pullback; sustained breakout above 73,850 is required for continuation towards higher levels.”

Sectoral indices on Thursday, April 2

BSE SmallCap Select Index slipped 0.36 per cent, while the MidCap Select Index went lower by 0.10 per cent.

Among the sectoral indices, Focussed IT gained the most by 2.76 per cent, followed by IT (2.42 per cent), Realty (1.19 per cent), Top 10 Banks (0.46 per cent), Private Banks Index (0.40 per cent), Metal and Bankex by 0.35 per cent each, FMCG (0.27 per cent), and Financial Services (0.24 per cent).

MidSmall Private Banks Quality Tilt, Oil & Gas, Consumer Durables, Hospitals, Energy, Healthcare, were among the laggards.

On the currency front, the Indian rupee posted its strongest gain in over 12 years, opening 1.3 per cent higher against the dollar, supported by RBI measures aimed at curbing volatility. These included restrictions on rupee non-deliverable forwards and re-booking of forex derivative contracts, which triggered an unwinding of speculative dollar positions.

On the institutional front, FIIs have remained aggressive sellers, offloading Rs 1.22 lakh crore in March 2026 since the onset of the conflict in West Asia, marking one of the highest monthly outflows in recent history. This surpasses the previous peak seen in October 2024, when FIIs sold Rs 1.14 lakh crore worth of equities.

Foreign Institutional Investors (FIIs) offloaded equities worth Rs 8,331.15 crore on Wednesday, according to exchange data. Domestic Institutional Investors (DIIs), however, bought stocks worth Rs 7,171.80 crore.

On Wednesday, the 30-share BSE Sensex jumped 1,186.77 points to settle at 73,134.32. The 50-share NSE Nifty climbed 348 points to end at 22,679.40.

Market participants are now closely watching key developments in the coming week. The Reserve Bank of India's Monetary Policy Committee (MPC) meeting will be a major focus area, with expectations of a rate pause. However, investors will track the central bank's commentary on inflation, growth outlook, and policy direction.

(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)