Post-market comment by Mandar Bhojane, Choice Broking
![](https://portfolio.investmentguruindia.com/uploads/news/Broker _15.jpg)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Below the Quote on Post-market comment by Mandar Bhojane, Equity Research Analyst, Choice Broking
On April 9, Indian benchmark indices struggled to maintain their record levels and ended the volatile session with marginal losses. The Sensex closed down by 58.80 points or 0.08 percent at 74,683.70, while the Nifty ended down by 24.50 points or 0.11 percent at 22,641.80.
The Nifty, after hitting an all-time high, encountered resistance near the 22,800 level and formed a bearish candlestick pattern, indicating profit booking from the higher side. Immediate support for the Nifty is seen near the 22,500 level, with potential further declines to 22,400 and 22,200 levels on the downside. On the flip side, the 22,800 mark acts as a major resistance, and if broken, the index may rally towards the 23,000 level in the coming days.
Major gainers included Apollo Hospitals, Hindalco Industries, ICICI Bank, Infosys, and Bajaj Finserv, while losers comprised Titan Company, Hero MotoCorp, Coal India, Reliance Industries, and Asian Paints.
Sector-wise, media, auto, capital goods, and FMCG sectors witnessed declines of 0.5-1 percent, whereas metal and realty sectors saw gains of 0.5 percent each. Both the BSE Midcap and Smallcap indices ended in negative territory.
Analyzing the Open Interest (OI) data, the call side showed the highest OI at the 22,800 level, followed by the 23,000 strike prices. On the put side, the highest OI was observed at the 22,500 strike price. The India VIX experienced a negative intraday movement of 2.20 percent, settling at 11.3550.
Shifting focus to Bank Nifty, it has support levels at 48,500-48,300, while resistance is positioned at 49,000-49,300 levels.
Above views are of the author and not of the website kindly read disclaimer
![](https://portfolio.investmentguruindia.com/uploads/news/insurance 123.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Axis Securities Ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Wipro.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/2b1715f7e03b51b0ac9c014eb224fc1f.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/gdp22.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Geojit Financial Services.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Dollar retures 2.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/health22.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Arvind Kapil, MD and CEO, Poonawalla Fincorp.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/stock8.jpg)
Tag News
![](https://portfolio.investmentguruindia.com/uploads/news/stock8.jpg)
Sensex ends lower ahead of Union Budget 2024-25
![Daily Market Analysis : The markets began the week on a subdued note and ended nearly unchanged, reflecting caution ahead of the Union Budget Says Mr. Ajit Mishra, Religare Broking Ltd](https://portfolio.investmentguruindia.com/uploads/news/Ajit Mishra.jpg)
![Post Market Comment by Mandar Bhojane, Research Analyst, Choice Broking](https://portfolio.investmentguruindia.com/uploads/news/Broker _26.jpg)
![Mid-Market Comment by Mr Shrey Jain, Founder and CEO SAS Online - India's Deep Discount Broker](https://portfolio.investmentguruindia.com/uploads/news/Shrey Jain.jpg)
More News
![](https://portfolio.investmentguruindia.com/uploads/news/b14dca90c27a2bb435baa20fdefa5416.jpg)
Market perspective by Dr. Joseph Thomas, Head of Research, Emkay Wealth Management
![Pre-market comment by Deven Mehata , Choice Broking](https://portfolio.investmentguruindia.com/uploads/news/Broker _16.jpg)
![Daily Market Commentary : Nifty traded in negative territory to close near day`s low with loss of 90 points at 18989 levels says Mr. Siddhartha Khemka, Motilal Oswal Financial Services Ltd](https://portfolio.investmentguruindia.com//uploads/news/Broker_4.jpg)
![Morning market quote : Globally, stock markets have refused to discount the West Asian crisis aggravating into a global catastrophe impacting markets Says Dr. V K Vijayakumar, Geojit Financial Services](https://portfolio.investmentguruindia.com//uploads/news/Broker_2.jpg)