Nifty 50, Sensex today: What to expect from Indian stock market in trade on April 3

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Sensex fell 110.64 points to close at 73,903.91, while the Nifty 50 settled 8.70 points, or 0.04%, lower at 22,453.30. Also Read: Indian stock market: 8 key things that changed for market overnight - Gift Nifty, Tesla sales drop to rising oil prices Nifty 50 formed a small negative candle on the daily chart with minor upper and lower shadows. “Technically, this pattern signals the formation of a doji-type pattern.

This is the back-to-back second such doji pattern in the last two sessions. The short-term trend of the Nifty remains positive. Though Nifty placed at the crucial overhead resistance around 22,500 levels, still there is no confirmation of any reversal pattern unfolding at the highs," said Nagaraj Shetti, Senior Technical Research Analyst, HDFC Securities.

He believes a decisive move above the hurdle of 22,500 - 22,600 levels could open more upside in the near term. Here’s what to expect from Nifty 50 and Bank Nifty today: Analysis of the Nifty Open Interest (OI) data highlights the highest OI on the call side at the 22,700 strike price, followed by the 22,800 strike price. On the put side, the highest OI was observed at the 22,300 strike price, said Mandar Bhojane, Research Analyst at Choice Broking.

Also Read: Stock market today: Day trading guide for Nifty 50 to Sensex, seven stocks to buy or sell on April 3 The Nifty 50 index shifted into a breather mode on April 2 and closed the day lower by 8 points. “The Nifty traded within a range following a flat start. The index formed back-to-back doji patterns on the daily chart, typically indicating a pause before the next move.