On April 8, the Indian stock market is likely to experience a positive opening driven by the announcement of a ceasefire between the US and Iran, which has invigorated global markets. The Nifty 50 index closed at 23,123.65, up 155.40 points or 0.68%, and is expected to face resistance at 23,200-23,300. Meanwhile, the Sensex rose by 509.73 points or 0.69%, closing at 74,616.58, with support levels identified between 74,000 and 74,200. Analysts suggest that the Nifty 50's recent bullish candlestick patterns indicate a potential breakout from previous resistance levels, with targets set around 23,500-23,600. The Bank Nifty also showed resilience, closing at 52,716.25, and is projected to face resistance at 53,100-53,200. Today's Reserve Bank of India meeting is anticipated to maintain the current repo rate, which could influence market trends further.