On April 20, 2026, the Indian stock market continued its upward trend, with the Nifty 50 index increasing by 156 points to close at 24,353. The BSE Sensex rose by 504 points, reaching 78,493, while the Bank Nifty index gained 479 points, closing at 56,565. Positive global cues and a de-escalation in the US-Iran conflict contributed to this bullish sentiment. Sumeet Bagadia, Executive Director at Choice Broking, noted that the Nifty 50 index is showing strength with a bullish candle formation above the 50-day DEMA. He identified the 24,500–24,550 range as immediate resistance and the 24,150–24,200 range as support. The daily Relative Strength Index (RSI) stands at 57.11, indicating improving momentum. In the derivatives market, significant put writing at the 24,200 strike suggests potential consolidation in the near term. Bagadia advised traders to adopt a buy-on-dips strategy while managing risks. He recommended three stocks: Nestle India, JSW Steel, and Coal India, with specific buy prices, targets, and stop-loss levels for each.