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Below the Quote on Markets 22nd April 2026 by Mr. Vikram Kasat, Head Advisory, PL Capital 

Truth Time Iran war jitters dragged all three major indexes in USA into the red on Tuesday, but that dip may be short-lived. Donald Trump announced an extension of the U.S. ceasefire with Iran just in time for after-hours trading.

In USA This was one of the best retail sales reports in months. Sales grew over 4% over this time last year, which is testament to the continued strength of the consumer. This should reassure those who were curious about demand destruction from the Iran conflict and higher prices for now. The first wave of tax refunds likely offset the impact of higher gas prices last month. With oil prices trending lower and tax refunds still filtering through the system, the backdrop for spending remains favorable.

Nifty 24576.60

We will swing in between 24300 (Strong Support) and 24890 Resistance.

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