Nifty 50 began today’s session with a considerable gap-down at 22,383 compared to yesterday’s close of 22,679. The index fell further after opening and is now trading at 22,200, down 2.1 per cent.

Barring TCS (up 0.15 per cent), all other stocks in Nifty 50 are in the red. Eternal (Zomato), Indigo and Sun Pharma (down 4.4 per cent each) are the top losers.

All the sectoral indices too are in the red, indicating a broad-based selling. Nifty Pharma (down 3.8 per cent) and Nifty PSU Bank (down 3.7 per cent) are the weakest sectors so far today. 

Nifty 50 futures

The April expiry Nifty futures opened today’s session lower at 22,451 versus yesterday’s close of 22,800. It is now trading at 22,300, down 2.1 per cent.

A gap-down open followed by further decline denotes that the bears are in a strong position. So, further decline is highly likely. 

That said, there is a chance for a corrective rally. But that uptick can be capped at 22,400. A decline, either from the current level or after a rise to 22,400, can drag the contract to 22,100-22,000 price band.

On the other hand, if Nifty futures breaks out of 22,450, the intraday trend can turn positive. In this case, the contract can rally to 22,600.

Overall, the bearish bias is strong and so, the probability of a decline is high.

Trading strategy

Sell Nifty futures (April) now at 22,300 and on a rise to 22,400. Target and stop-loss can be 22,100 and 22,500 respectively. In case neither of these levels are triggered, consider exiting the position at the end of the day. 

Supports: 22,100 and 22,000

Resistance: 22,400 and 22,450

Published on April 2, 2026