Amol Athawale is VP-Technical Research, Kotak Securities
Last Update: 10 April 2026, 7.00 PM
For the week commencing on April 13, 2026
In the last week, the benchmark indices witnessed a stellar rally. After a promising rally, the Nifty ended 5.85 percent higher, while the Sensex was up over 4200 points. Among sectors, all the major sectoral indices traded in positive territory, but Reality and Capital Market indices outperformed. The Reality index gained 12.85 percent, and the Capital Market rallied 11.75 percent. Technically, on weekly charts, the market has formed a promising reversal pattern and also formed a long bullish candle , which is largely positive.
We are of the view that the short-term market outlook has changed to positive from negative, but buying on corrections and selling on rallies would be the ideal strategy for traders. On the downside, 23,700/76550 and 23,500/76000 would act as key support zones, while 24,200/78000 and 24,500/78800 could serve as key resistance levels for the bulls. However, below 23,500/76000, the uptrend would become vulnerable. Below this level, traders may prefer to exit their long positions.
For Bank Nifty, the short-term outlook is positive, and now 54,500 and 54,000 could serve as key support levels for traders. On the higher side, the uptrend wave is likely to continue till 57,000. Further upside may also lift the index up to 57,750.
🕗 Last Update: 6 March 2026, 7.00 PM
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Amol Athawale is the Vice President – Technical Research at Kotak Securities Ltd., known for his deep expertise in technical chart analysis and derivatives strategy.
He has over 18 years of experience in equity markets, specializing in identifying short-term trading opportunities using trend and momentum indicators.
His market commentaries and trading insights are widely followed by investors and media houses for their accuracy and clarity.
Amol is a regular contributor to financial publications and TV channels, offering actionable views on Nifty, Bank Nifty, and sectoral trends.
He focuses on support–resistance mapping, candlestick formations, and positional setups for traders and short-term investors.
His balanced approach — combining technical precision with market psychology — makes him one of the most respected voices in Indian market analysis.