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Below Technical View on Market Decline 02nd April 2026 by Jatin Gedia, Vice President – Technical Research at Teji Mandi

Indian equity markets witnessed a sharp correction with the BSE Sensex falling over 1,400 points and the Nifty 50 slipping near the 22,250 marks, largely driven by rising global uncertainty after strong statements from Donald Trump on escalating tensions with Iran. The geopolitical developments triggered a risk-off sentiment across global markets, leading to heavy selling pressure, FII outflows and heightened volatility.

From a technical standpoint, the sharp fall has led to a breakdown near key support zones, indicating potential near-term consolidation with elevated volatility. Market participants are closely watching crucial support and resistance levels, derivatives positioning and volatility indicators to assess the next directional move.

In this context, Mr Jatin Gedia, Vice President – Technical Research at Teji Mandi, can share insights on technical market trends, key levels to watch and strategies for navigating the current volatility.

Key talk points for the spokesperson:

1. How critical is the 22,250 level on the Nifty 50 from a technical perspective?

2. Is the current fall a technical correction or an early sign of trend reversal?

3. What do derivatives data and open interest trends indicate about trader sentiment?

4. Which sectors are technically showing relative strength or weakness?

5. Are indicators like RSI or MACD signaling potential oversold conditions?

6. How should traders interpret the spike in India VIX amid geopolitical tensions?

7. What are the next key support and resistance levels for markets?

8. What technical strategies or risk management approaches should investors follow in such volatile phases?

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