Nifty 50 prediction today

Short term - Technical Outlook

The Indian stock market is set to open on a negative note today, with Gift Nifty is trading at 24,752 down by 33 points, indicating slight negative opening for Nifty.

Rupee Desk - USD/INR: Currently trading at 87.92

 

The Nifty 50 opened with a gain of around 0.3%, trading near 24,637 points by 9:20 a.m. IST, marking a potential reversal from its extended losing streak. After five consecutive weeks of declines, the index showed renewed strength. Gains were primarily driven by the auto and metal sectors, with metals advancing approximately 1.6% and auto stocks rising 1.1%, supported by strong quarterly results from TVS and Hero MotoCorp. In contrast, IT stocks declined about 0.4%, weighed down by softening demand signals from the U.S. Meanwhile, retail investors are increasingly moving away from blue-chip Nifty stocks, favoring small and mid-cap shares in pursuit of higher returns. Foreign institutional investors remain cautious, with long positions currently at a five-year low.

Nifty took resistance in the 24,900–25,000 range. A strong breakout and close above this level could open the path toward 25,250–25,650. The index is trading in the descending channel. In the previous session, Nifty closed at 24,722.75 up by 157.40 points. An intraday move above 24,800 could trigger further upside momentum, while a fall below 24600 may indicate weakness. Holding above 25,000 levels remains essential for sustaining bullish sentiment. A buy-on-dip strategy can be considered if institutional flows remain supportive. A fall below 24,475 may add further bearishness to the Nifty.

FIIs were net sellers, sold 2,566.51 crores, DIIs were net buyers for the day, bought 4,386.29 crores. Sustained buying from FII flows is expected to provide support to the market.

 

Short term Research Report Call

Buy Above: 24925 | Targets: 24980, 25045 , 25,222 | Stop-loss: 24825
Sell Below: 25045 | Targets: 24300, 24200 | Stop-loss: 24600.

 

Short term Chart