On April 17, 2026, the Indian stock market experienced robust buying activity, leading the benchmark indices, Sensex and Nifty 50, to gain for the second consecutive week. The Sensex rose 505 points (0.65%) to close at 78,493.54, while the Nifty 50 increased 157 points (0.65%) to settle at 24,353.55. Notably, mid- and small-cap stocks outperformed the broader market, with the Nifty 50 rebounding from the crucial 22,000 mark to close above 24,300. According to Ganesh Dongre, Senior Manager of Technical Research at Anand Rathi, the market sentiment has shifted from a 'sell-on-rise' approach to a 'buy-on-dips' strategy, indicating renewed confidence among investors. Dongre identified immediate support for the Nifty at 23,500–23,800 and crucial resistance at 24,800–25,000. He also noted that the Bank Nifty is nearing a resistance zone of 56,500–57,000. In light of these developments, he recommends buying Reliance Industries at ₹1365 with a target of ₹1420, Wockhardt at ₹1395 with a target of ₹1440, and Aditya Birla Sun Life AMC at ₹1060 with a target of ₹1120. Investors are advised to remain cautious and monitor global developments closely.