On Thursday, Indian equity markets saw a notable rebound, with the Nifty recovering 530 points from its intraday low of 22,182.55 to close at 22,713.10, marking a 0.15% increase. Similarly, the BSE Sensex surged 1,774 points, ending at 73,319.55. This recovery comes amid a holiday-shortened week, with the markets closing for Good Friday. Analyst Sudeep Shah from SBI Securities noted that the Nifty's recent performance reflects ongoing market indecision, with the index facing critical resistance in the 22,900–23,000 range. A sustained move above this level could lead to further gains, while a drop below 22,350 could signify a return to the downtrend. Shah also highlighted the Bank Nifty's formation of a Dragonfly Doji pattern, indicating potential buying interest after recent declines. As earnings season begins, the Nifty IT sector shows signs of relative strength, while sectors like Consumer Durables and Oil & Gas may continue to underperform. The upcoming Reserve Bank of India Monetary Policy Committee meeting is anticipated to influence rate-sensitive sectors, with expectations of either a hold on rates or a potential hike due to rising crude prices and bond yields.