Home » Stock Market Prediction for Nifty & Bank Nifty 20th April 2026

Stock Market Prediction for Nifty & Bank Nifty 20th April 2026

In today’s stock market, Market rebounds strongly as Sensex rises 505 points, Nifty surpasses 24,350 mark.

Stock Market Nifty Chart Prediction

On April 17, Sensex was up 504.86 points at 78,493.54, and the Nifty was up 156.80 points at 24,353.55. About 2,906 shares advanced, 1,233 shares declined, and 152 shares remained unchanged.

Top Nifty gainers: HINDUNILVR, JSWSTEEL, NESTLEIND
Top Nifty Losers : WIPRO, HDFCLIFE, SUNPHARMA

All the sectoral index ended in the green with FMCG, media, metal, oil & gas, power, capital goods, consumer durables, energy up 1-2%.

Nifty Midcap index added 1.2% and Smallcap index rose 1.5%.

Best Stocks of the day according to AI (Delta Dash)

Worst Stocks of the day according to AI (Delta Dash)

Stock Prediction for 20th April 2026

Prediction for Wednesday NIFTY can go up if it goes above 24,100 or down after the level of 24,300, but it also depends upon the Global cues.

The Nifty 50 started the day strong but quickly fell due to early selling. It found support around the 24,100 level and then recovered, closing higher at 24,354, up 0.65%.

For the past three days, the index has been moving in a tight range between about 24,400 and 24,100. It is still holding above its 50-day average, which is a positive sign. Also, the market has closed higher for three weeks in a row for the first time since November 2025, showing improving sentiment.

In terms of levels, resistance is between 24,300 and 24,600, while support is between 24,100 and 24,000.

Highest Call Writing at
24,300 (1.1 cr)
Highest Put Writing at
24,100 (80.1 Lk)

Nifty Support and Resistance

Support 24,100 and 24,000
Resistance
24,300 and 24,600

Bank Nifty Daily Chart Prediction

Prediction For Wednesday BANKNIFTY can go up if it goes above 56,100 or down after the level of 55,700, but it also depends upon the Global cues.

The Bank Nifty fell slightly at the start of the day but quickly recovered and kept moving up steadily. It closed at 56,566, gaining 0.85%.

For the past three days, the index has been moving within a narrow range of about 56,800 to 55,800. A clear move above or below this range will decide the next trend.

Looking ahead, the immediate resistance is around 56,900–57,000. If the index moves above this level and stays there, it could rise further towards 57,400 and then 57,800 in the short term.

On the downside, resistance is placed around 56,100–56,000. Overall, resistance lies between 56,600 and 57,000, while support is between 55,700 and 55,000.

Highest Call Writing at56,100 (8.2 Lk)
Highest Put Writing at55,700 (8.1 Lk)

Bank Nifty Support and Resistance

Support55,700 and 55,000
Resistance
56,100–56,000

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