On April 15, 2026, the Indian stock market experienced a robust rally, with the Sensex climbing 1,264 points (1.64%) to finish at 78,111.24 and the Nifty 50 advancing 389 points (1.63%) to close at 24,231.30. The Nifty Midcap 100 and Smallcap 100 indices also saw gains exceeding 2%. Sumeet Bagadia, Executive Director at Choice Broking, noted a bullish candlestick pattern indicating a consolidation phase after the recent uptrend. He identified immediate support levels for the Nifty 50 between 24,000 and 24,070, with resistance at 24,400-24,450. The Bank Nifty index also showed positive momentum, closing at 56,301.95 after gaining 696.90 points (1.25%). Bagadia recommended five stocks for investors to consider buying on April 16: Graphite India, Finolex Cables, Sonata Software, MM Forgings, and Sharda Cropchem, each showing strong bullish trends and defined targets for potential gains.