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Indian equity markets might be poised for a start in the green on April 28, snapping a two session losing streak as a result of global volatility and geopolitical tensions.

At 7.30 am, the GIFT Nifty index was trading 180 points higher, indicating a gap-up start for the local indices.

In the previous session, the Nifty 50 and Sensex gauges closed the previous session with losses. At close,  the Sensex was down 589 points or 0.74 percent at 79,213, and the Nifty was down 207 points or 0.86 percent at 24,039.

Over the previous week, the markets reported a weekly gain of around one percent. Overall market breadth remained positive with weekly gains seen in the mid-cap, small-cap and most sectoral indices.

Post large underperformance over the past few weeks, the IT index rebounded and performed strongly this week as IT companies continue to report their Q4FY25 earnings. Auto stocks also gained this week, post concerns amid tariff war.

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Wall Street advanced on Friday, notching weekly gains as investors parsed a spate of earnings and looked for signs of easing tensions in the U.S.-China trade dispute. The Dow Jones Industrial Average rose 0.05 percent, the S&P 500 gained 0.7 percent and the Nasdaq Composite gained 1.26 percent.

Asian shares traded mixed in a cautious start to the week as investors await progress in US trade negotiations with the region and signs of further stimulus from China. South Korea's Kospi and Kosdaq indices traded mixed, with the broad-based index trading with cuts of 0.8 percent during the early session. Hong Kong's Hang Seng index was also in the red, while Japan's Nikkei-225 advanced three fourths of a percentage.

The heightened geopolitical uncertainty has led investors to adopt a risk-off approach, triggering profit-booking after the recent sharp rally. Furthermore, the markets appeared slightly overstretched following the vertical rise, prompting traders to reduce exposure, noted experts.

"The breakout zone around 23,900–23,800 provided crucial support on Friday and continues to act as a key pivotal level. If geopolitical tensions escalate or this support is breached, a deeper correction towards the 23,500–23,300 zone could unfold. On the upside, while the broader trend remains bullish, immediate resistance is seen at 24,250–24,350," Rajesh Bhosale, Equity Technical Analyst, Angel One said.

However, Bhosale added that traders should stay cautious and monitor these key levels, as the next leg of the move may not be as smooth as the recent rally.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

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