On April 16, 2023, the Indian stock market saw positive momentum, with the Nifty 50 increasing by 0.60% to 24,375.55 and the BSE Sensex rising 0.64% to 78,613.37. This rally was fueled by improving sentiment following hopes of a peace deal between the US and Iran, which contributed to a drop in oil prices below $95 per barrel. Analyst Osho Krishan from Angel One provided insights into the Nifty 50's performance, noting a significant recovery of over 2,000 points in just two weeks. He highlighted the market's resilience to negative news, contrasting it with previous aggressive selling behavior. Krishan recommended buying shares of Eternal Ltd at around ₹240 with a target of ₹262-268, citing bullish technical indicators. Additionally, he suggested purchasing Shipping Corporation of India at ₹250-245, targeting ₹275-280. The market's current resistance zone is between 24,400-24,800, which is crucial for sustaining the uptrend.