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Sensex Prediction for Monday, April 13: Experts 'cautiously positive' despite strong rebound - Key technical levels to watch

Sensex Prediction for Monday, April 13: Experts 'cautiously positive' despite strong rebound - Key technical levels to watch

ETNow.in 4 days ago

Sensex Prediction for Monday, April 13 by experts: After witnessing a massive rally on Friday, April 10, with the BSE Sensex surging over 1 per cent, propelled by buying in banking counters and a positive trend in global equities.

All eyes of the investors are now on the trading session on Monday, April 13. While the market ended the week on a high note, gaining nearly 6 per cent for the week, technical analysts advise that the index is entering a crucial 'make-or-break' zone.

Sensex at close on Friday, April 10

After staying in the positive territory on Friday, the 30-share BSE Sensex later jumped 918.60 points or 1.20 per cent to settle at 77,550.25. During the day, it surged 990.85 points or 1.29 per cent to 77,622.50. The 50-share NSE Nifty climbed 275.50 points or 1.16 per cent to end at 24,050.60.

Investor sentiment improved amid hopes of further easing in the West Asia crisis ahead of US-Iran negotiations and lower crude prices.

A total of 3,360 stocks advanced while 945 declined and 144 remained unchanged on the BSE.

On the weekly front, the BSE benchmark jumped 4,230.7 points or 5.77 per cent, and the Nifty surged 1,337.5 points or 5.88 per cent.

From the 30-Sensex firms, Asian Paints, ICICI Bank, Mahindra & Mahindra, InterGlobe Aviation, Axis Bank and State Bank of India were the major gainers. On the other hand, Sun Pharma, Infosys, Tata Consultancy Services, Tech Mahindra and HCL Tech were the laggards.

Hitesh Tailor, Technical Research Analyst, said, "On 10th April 2026, the BSE Sensex closed at 77,550.25, gaining 918.60 points (+1.20%), as markets staged a strong recovery after a weak start, supported by buying interest at lower levels amid improving global sentiment despite lingering geopolitical concerns. The index opened gap-down by around 200 points and slipped to an intraday low of 76,851.16, but strong buying in the latter half lifted the index sharply, pushing it to an intraday high of 77,622.50, before closing near the day's high, indicating sustained strength."

Sector-wise, performance was broadly positive, led by strong gains in Auto, Capital Goods, Banking and Financial Services, along with traction in Consumer Durables and Industrials, reflecting improved risk appetite. Power, Realty and Oil & Gas also traded higher, while Information Technology emerged as a key laggard, witnessing notable selling pressure, indicating sectoral rotation despite overall strength, Tailor said.

Sensex Prediction for Monday, April 13 by experts

Analysts, meanwhile, are pointing to a strong V-shaped recovery that has redefined the market's short-term structure.

Sensex Prediction for Monday, April 13 by Vipin Dixena

A SEBI-registered analyst, Vipin Dixena, said, "SENSEX showed a strong V-shaped recovery followed by tight consolidation after facing resistance near 77,650. Price holding well above rising EMA 50 suggests short-term strength."

"Immediate support is at 77,200-77,000; holding this keeps momentum intact. Resistance is at 77,650-77,800; a breakout above this can trigger a quick move toward 78,200+. RSI is stable in a bullish zone (~60) without divergence, showing controlled strength," he stated.

"Iran-US peace talks uncertainty keeping volatility high, upside breakouts can fail quickly. Market sentiment remains headline-driven, so follow levels strictly," Dixena added.

Sensex Prediction for Monday, April 13 by Hitesh Tailor

Hitesh Tailor, Technical Research Analyst, said, "From a technical standpoint, the index has shown a strong rebound from lower levels, reinforcing the ongoing recovery trend with improving price structure. Key technical levels indicate that support is placed in the 77,000-77,100 zone, which is likely to act as a demand area on declines, while resistance is seen around 78,000-78,200, where upside may face supply pressure."

He further stated, "The near-term outlook remains cautiously positive, supported by recovery momentum; however, geopolitical uncertainties may keep volatility elevated, and the index could see consolidation near resistance zones."

Indices performance on Friday, April 10

The BSE Small Cap Select index jumped 1.64 per cent, and the MidCap Select index climbed 1.50 per cent.

Auto jumped 2.75 per cent, Capital Goods (2.27 per cent), Consumer Durables (2.20 per cent), Industrials (2.19 per cent), Consumer Discretionary (2.18 per cent), Bankex (2.06 per cent), and Realty (2.02 per cent). In contrast, BSE IT and Focused IT were the laggards.

The positive trend was led by buying in banking, auto and financial stocks, while IT counters saw some profit booking after TCS' financial results.

Brent crude, the global oil benchmark, climbed 0.57 per cent to USD 96.47 per barrel.

Foreign Institutional Investors (FIIs) offloaded equities worth Rs 1,711.19 crore on Thursday, according to exchange data. Domestic Institutional Investors (DIIs), however, bought stocks worth Rs 955.90 crore.

On Thursday, the Sensex dropped 931.25 points, or 1.20 per cent, to settle at 76,631.65. The Nifty declined 222.25 points or 0.93 per cent to end at 23,775.10.

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