Sensex Prediction Tomorrow, April 8: Rebound or Slide?

Market Recap: Monday Crash Rattles Investors

Indian stock markets witnessed a sharp sell-off on Monday, April 7, as global cues turned bearish following the unexpected tariff announcements by U.S. President Donald Trump. The BSE Sensex plunged over 2200 points, closing under pressure, while the NSE Nifty 50 lost nearly 3%, slipping below the critical 22,200 mark.

Major sectoral indices were deep in the red. Metal stocks crashed over 6%, and Realty dropped by 5%, signaling investor panic and broad-based selling pressure across Dalal Street.

What Led to the Market Crash?

Global Turbulence Meets Domestic Uncertainty

US-China trade tensions reignited, sparking fears of a global economic slowdown.
FII outflows increased, as risk sentiment turned negative.
Domestic investors became cautious ahead of the upcoming RBI monetary policy and Q4 FY25 earnings season.

Sensex Technical Outlook for April 8

Will the Market Rebound or Fall Further?

Expert Views on Market Texture

Shrikant Chouhan of Kotak Securities noted,

"The market’s short-term structure is still weak. Volatility remains elevated and traders should stay cautious."

Jigar Patel of Anand Rathi Stock Brokers added,

"The Sensex did recover nearly 1700 points from its intraday low near 71,425, closing above 73,000. However, oversold conditions suggest a technical bounce is possible in the coming sessions."

Sensex Support and Resistance Levels

Key Levels to Watch on April 8

Level	Value (in Points)
Immediate Support	72,600
Key Support	72,400
Critical Low	71,800
Immediate Resistance	73,400
Higher Resistance	74,200

"A close above 73,400 may trigger further upside towards 74,200, while a fall below 72,400 could pull the index down to 71,400," said Chouhan.

Key Triggers to Watch This Week

Events Driving Market Sentiment

RBI’s Monetary Policy Decision (April 10): Markets await cues on interest rate direction and inflation outlook.
Q4 Earnings Season: Heavyweights like Infosys and TCS will announce results this week.
US Trade Policy Updates: Ongoing developments regarding tariffs could further shake global equity markets.

Investor Sentiment: Caution Advised

In light of increased uncertainty and volatility, analysts suggest that retail investors remain defensive, avoid leveraged positions, and watch technical levels carefully. This week’s economic indicators could set the tone for the broader market in April.

Final Word: Is It Time to Buy the Dip?

While oversold conditions might tempt some to re-enter the market, experts urge patience and technical confirmation before taking any fresh long positions. Short-term volatility remains high and caution should guide trading strategies.

Disclaimer:

This article is for informational purposes only. It does not constitute financial advice. Please consult a certified financial advisor before making investment decisions.