
{"id":2461,"date":"2026-04-23T19:05:34","date_gmt":"2026-04-23T13:35:34","guid":{"rendered":"https:\/\/www.gujaratnow.com\/money\/?p=2461"},"modified":"2026-04-23T19:05:34","modified_gmt":"2026-04-23T13:35:34","slug":"nifty-100-technical-outlook-april-23-2026","status":"publish","type":"post","link":"https:\/\/www.gujaratnow.com\/money\/2026\/04\/nifty-100-technical-outlook-april-23-2026\/","title":{"rendered":"Nifty 100 Technical Outlook \u2013 April 23, 2026"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\">Selective Bullish Momentum Emerges Across Infra, Power and Financial Stocks<\/h3>\n\n\n\n<p>The market right now isn\u2019t in a full-blown rally mode\u2014but it\u2019s definitely <strong>not weak either<\/strong>. What we\u2019re seeing instead is a <strong>selective bullish phase<\/strong>, where only certain sectors and stocks are moving strongly while others stay flat or lag.<\/p>\n\n\n\n<p>If you look closely at the Nifty 100, the story is clear: <strong>money is rotating<\/strong>, not disappearing. And that\u2019s where the opportunity lies.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">\ud83d\udcc8 Where the Strength Is Actually Coming From<\/h2>\n\n\n\n<p>The strongest bullish setups today are not random\u2014they\u2019re clustered in a few sectors showing consistent momentum.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\ud83c\udfd7 Infrastructure &amp; Capital Goods \u2013 Clear Leaders<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Larsen &amp; Toubro<\/li>\n\n\n\n<li>Siemens Energy India<\/li>\n<\/ul>\n\n\n\n<p>These stocks are in <strong>clean uptrends<\/strong>, making higher highs and holding above key moving averages. This kind of structure usually signals <strong>institutional accumulation<\/strong>, not just retail activity.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\">\u26a1 Power &amp; PSU Finance \u2013 Momentum Continues<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Power Finance Corporation<\/li>\n\n\n\n<li>REC Limited<\/li>\n<\/ul>\n\n\n\n<p>These names have been quietly strong for a while. Even during market dips, they tend to <strong>hold their levels better<\/strong>, which is a sign of underlying strength.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\">\ud83d\udce1 Telecom \u2013 Stable and Resilient<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Bharti Airtel<\/li>\n<\/ul>\n\n\n\n<p>Not explosive, but very steady. It\u2019s the kind of stock that <strong>grinds upward without much drama<\/strong>, which often makes it attractive for positional traders.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">\ud83d\ude80 Stocks Near Breakout Zones<\/h2>\n\n\n\n<p>Some stocks are not yet in a full trend\u2014but they\u2019re <strong>very close to it<\/strong>.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Divi\u2019s Laboratories<\/li>\n\n\n\n<li>InterGlobe Aviation<\/li>\n\n\n\n<li>Hindustan Aeronautics Limited<\/li>\n<\/ul>\n\n\n\n<p>These are sitting near resistance levels. If they break with volume, they can move quickly.<br>This is where <strong>early entries can offer the best risk-reward<\/strong>\u2014but only if confirmation comes.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">\ud83d\udcca The \u201cHealthy Bullish Zone\u201d Stocks<\/h2>\n\n\n\n<p>There\u2019s another interesting category\u2014stocks that are quietly building strength without overheating.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Tata Consultancy Services<\/li>\n\n\n\n<li>ICICI Bank<\/li>\n\n\n\n<li>Axis Bank<\/li>\n\n\n\n<li>Maruti Suzuki<\/li>\n<\/ul>\n\n\n\n<p>These are typically in the <strong>RSI 55\u201365 range<\/strong>, which is often the sweet spot:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Not overbought<\/li>\n\n\n\n<li>Not weak<\/li>\n\n\n\n<li>Just steady upward bias<\/li>\n<\/ul>\n\n\n\n<p>These are ideal for <strong>trend continuation setups<\/strong>, especially on pullbacks.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">\u26a0\ufe0f What\u2019s Not Working Right Now<\/h2>\n\n\n\n<p>To stay grounded, it\u2019s just as important to know what to avoid.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>IT sector is still <strong>relatively weak<\/strong><\/li>\n\n\n\n<li>Some large caps are moving sideways<\/li>\n\n\n\n<li>Index itself is not strongly trending<\/li>\n<\/ul>\n\n\n\n<p>So this is <strong>not a \u201cbuy everything\u201d market<\/strong>. It\u2019s very selective.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">\ud83e\udde0 What This Market Phase Really Means<\/h2>\n\n\n\n<p>This is what traders call a <strong>stock-specific market<\/strong>:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Index may look confusing<\/li>\n\n\n\n<li>But individual stocks are giving clean moves<\/li>\n<\/ul>\n\n\n\n<p>If you\u2019re relying only on index direction, you\u2019ll miss opportunities.<br>If you focus on <strong>strong sectors + strong charts<\/strong>, the picture becomes much clearer.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">\ud83d\udd25 Practical Trading Insight<\/h2>\n\n\n\n<p>Right now, the best setups are coming from:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Stocks already in uptrend (continuation trades)<\/li>\n\n\n\n<li>Stocks near breakout with volume<\/li>\n\n\n\n<li>Stocks pulling back to support in strong sectors<\/li>\n<\/ul>\n\n\n\n<p>Avoid chasing:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Overbought spikes<\/li>\n\n\n\n<li>Weak sectors hoping for reversal<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">\ud83e\udded Final Take<\/h2>\n\n\n\n<p>April 23, 2026, reflects a market that is <strong>quietly bullish\u2014but only in the right places<\/strong>.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Infra and power are leading<\/li>\n\n\n\n<li>Financials are supporting<\/li>\n\n\n\n<li>Select stocks are outperforming<\/li>\n<\/ul>\n\n\n\n<p>This is a phase where <strong>discipline beats aggression<\/strong>.<br>Pick the right stocks, wait for the right setups, and the market is still offering solid opportunities.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Selective Bullish Momentum Emerges Across Infra, Power and Financial Stocks The market right now isn\u2019t in a full-blown rally mode\u2014but it\u2019s definitely not weak either. What we\u2019re seeing instead is a selective bullish phase, where only certain sectors and stocks are moving strongly while others stay flat or lag. If you look closely at the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2461","post","type-post","status-publish","format-standard","hentry","category-general","entry"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.gujaratnow.com\/money\/wp-json\/wp\/v2\/posts\/2461","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gujaratnow.com\/money\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gujaratnow.com\/money\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gujaratnow.com\/money\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gujaratnow.com\/money\/wp-json\/wp\/v2\/comments?post=2461"}],"version-history":[{"count":1,"href":"https:\/\/www.gujaratnow.com\/money\/wp-json\/wp\/v2\/posts\/2461\/revisions"}],"predecessor-version":[{"id":2462,"href":"https:\/\/www.gujaratnow.com\/money\/wp-json\/wp\/v2\/posts\/2461\/revisions\/2462"}],"wp:attachment":[{"href":"https:\/\/www.gujaratnow.com\/money\/wp-json\/wp\/v2\/media?parent=2461"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gujaratnow.com\/money\/wp-json\/wp\/v2\/categories?post=2461"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gujaratnow.com\/money\/wp-json\/wp\/v2\/tags?post=2461"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}