NIFTY forecast on Thursday, April, 9: index value 8706, maximum 8880, minimum 8532.

NSE Nifty extended its technical pullback in the early part of the session on Wednesday as it found resistance in the 9,050-9,100 range.

Thursday’s session is likely to remain guided by the weekly options expiry. Also, the upcoming will be the last trading session of this truncated week, as Friday is a trading holiday on account of Good Friday.

The market is expected to stay in a range, and as per the options data, the 8,500 strike holds the highest Put open interest, followed by 8,700. The maximum Call OI stands at 9,000 level. …technically 9148 is still possible as long as 8522 holds… Volatility saw a marginal increase as India VIX moved higher by 0.85 percent to 52.24

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