Indian equity markets closed the previous week on a strong note, with the Nifty index increasing by 0.7% on Friday and 1.3% for the week, indicating a robust market sentiment. Following a significant 10% rally over the last ten trading sessions, analysts expect the markets to consolidate at higher levels. The upcoming second round of diplomatic peace talks between the US and Iran, with a ceasefire deadline set for April 22, remains a focal point for market participants. The overall market structure is positive, encouraging a buy-on-dips strategy, with support levels shifting to around 24,000. The India VIX, a measure of market volatility, fell by 5% to settle at 17.20, reflecting a decrease in market fear. In terms of foreign investment, foreign portfolio investors net purchased shares worth ₹683 crore, while domestic institutional investors were net sellers at ₹4,721 crore. Additionally, the Indian rupee strengthened following reports of central bank measures aimed at reducing dollar demand from state-run oil companies.