Indian stock markets are expected to open higher on 15 April 2026, driven by global optimism and improved investor trust. According to Kotak News Desk, the GIFT Nifty futures reached 23,305 levels, increasing by 387 points, signaling a positive start for the benchmark indices. Global indices also showed strength with the S&P 500 and NASDAQ Composite gaining 0.79% and 0.64% respectively, indicating positive investor sentiment. The rally comes amid renewed hopes for peace talks and a 90-day pause on the reciprocal tariffs that has boosted market confidence.
Amol Athawale, VP - Technical Research at Kotak Securities, noted that the Nifty 50 formed a small bullish candle on Wednesday and is holding a higher bottom formation on intraday charts, indicating an upward market texture. As per Kotak News Desk, the market outlook remains positive with Nifty trading at 24,231 levels. Athawale highlighted key technical levels for the Nifty 50, stating that 24,000 and 23,900 would act as key support zones, while 24,450–24,500 could serve as crucial resistance levels for the bulls. The technical expert emphasized that day traders should buy on intraday dips and sell on rallies, with the intraday market texture remaining upward.
According to Kotak Securities' analysis, Tech Mahindra shares are recommended with a target price of ₹1,585 and stop loss at ₹1,430, based on the previous close of ₹1,483.80. Athawale pointed out that after its declining trend, the stock reversed from its important support zone and formed a rounding bottom chart pattern on the daily scale. The technical indicator RSI is indicating a further uptrend from current levels, which could boost bullish momentum in the coming horizon.
For Lupin shares, Athawale recommended a target price of ₹2,500 with stop loss at ₹2,250, based on the previous close of ₹2,338.90. As reported by Mint, Lupin shares have given a breakout of their symmetrical triangle chart pattern on the daily scale along with incremental volume activity. For Maruti Suzuki India, the recommendation includes a target price of ₹14,200 with stop loss at ₹12,800, based on the previous close of ₹13,289. The stock is expected to break out of the range and witness bullish momentum, with ₹12,800 serving as the trend decider level for the bulls.
