Live-Market Analysis - 16 April, 2026.

Gap up didn’t hold. That early push into resistance got sold into almost immediately, classic supply zone reaction. Index drift is negative, but breadth isn’t weak. That tells you selling is more index-heavy than broad panic. Metals are showing some strength, but beyond that, no clear sector leadership. Most pockets just rotating in a tight band. Failure to sustain above 24300–24350 is now visible intraday. Buyers had the chance at open, didn’t follow through. Now it’s about whether dips get bought… or this turns into a slow unwind through the day. #StockMarket #Nifty #Trading #India