Nifty 50 prediction today

Short term - Technical Outlook

Nifty 50 continues to hold above the 24,300 mark, indicating sustained buying interest and an improving near-term technical structure.The immediate resistance is placed at 24,400, which also coincides with the 200-day Exponential Moving Average (EMA). A decisive breakout above this level could accelerate buying momentum and open the path towards 24,500–24,600.

On the downside, 24,300 remains the first support, followed by 24,200. Holding above these levels will be crucial to sustain the ongoing recovery. However, a break below 24,200 could trigger fresh profit booking and drag the index towards the 24,000 psychological support.Overall, the near-term outlook remains constructively bullish, with 24,400 acting as the key breakout level to watch.

 

Short term Research Report Call
Buy Above: 24500 | Targets: 24580, 24650, 24720 | Stop-loss: 24450
Sell Below: 24400 | Targets: 24330, 24260, 24200 | Stop-loss: 24450
 

Short term Chart

Long term - Technical Outlook

Nifty 50 is trading with a positive bias following its recent recovery from the 23,800 level. Holding above the 24,400 zone will be crucial to sustain the ongoing recovery structure and maintain bullish sentiment. Technically, a sustained move above 24,600 could strengthen upward momentum and open the door for a rally towards the 24,800–25,000 region. However, a break below 24,400 may trigger profit booking and lead to weakness towards the 24,300–24,200 support zone.

 

Long term Research Report Call
Buy Above: 24500 | Targets: 24580, 24650, 24720 | Stop-loss: 24450
Sell Below: 24400 | Targets: 24330, 24260, 24200 | Stop-loss: 24450

Long term Chart

Indian equity markets opened sharply higher, tracking an improvement in global risk sentiment after U.S. President Donald Trump said negotiations with Tehran are set to resume on Monday, raising hopes of a diplomatic breakthrough and easing concerns over a broader regional conflict. The shift in sentiment triggered a sharp decline in crude oil prices, with WTI crude retreating to the $79–80 per barrel range, providing a supportive backdrop for oil-importing economies such as India while also lending support to the rupee.

The currency extended its gains in early trade and is currently hovering near the 95.1 mark against the U.S. dollar, aided by lower energy prices and improving risk appetite.

On the domestic front, investor attention is now turning to the Reserve Bank of India's upcoming Monetary Policy Committee (MPC) meeting. Interest rate-sensitive sectors are likely to remain in focus as market participants look for signals on the policy rate, inflation trajectory, liquidity conditions, and the central bank's assessment of the economic outlook. The policy guidance is expected to play a key role in shaping market expectations and near-term trading sentiment.

Technical view

Nifty 50

Nifty 50 opened with a sharp gap-up near the 24,573 mark, decisively breaking above the crucial 24,400 resistance zone, which also coincided with the 200-day Exponential Moving Average (EMA). The breakout reflects a significant improvement in market sentiment and strengthens the ongoing recovery. From a technical perspective, the 24,600 level now emerges as the immediate resistance, a zone that has consistently capped the index since April. A decisive and sustained move above 24,600 would reinforce bullish momentum and could pave the way for an advance towards the 24,800–25,000 region.
 
On the downside, the 24,400 level is now expected to act as the immediate support after successfully transitioning from resistance. Holding above this level will be crucial to preserve the prevailing bullish structure. However, a decisive break below 24,400 could trigger profit booking and drag the index towards the 24,300–24,200 support zone. Momentum indicators have strengthened considerably. The Relative Strength Index (RSI) has moved comfortably above the neutral zone and is currently hovering near the 63 mark, indicating improving bullish momentum while still remaining below overbought territory. Overall, the near-term technical outlook has turned strongly positive.

Bank Nifty

Bank Nifty opened with a sharp gap-up near the 57,628 mark, decisively breaking above its recent trading range in line with the broader market. The index is now trading comfortably above its 20-day, 50-day, 100-day, and 200-day Exponential Moving Averages (EMAs), reflecting a significant improvement in the overall technical structure. From a technical perspective, the 57,800–58,000 zone is expected to act as the immediate and crucial resistance band. A sustained breakout above this region would reinforce bullish momentum and could pave the way for a stronger advance in the sessions ahead.
 
On the downside, the 57,400–57,300 zone is likely to provide immediate support after transitioning from a previous resistance area. Holding above this band will be essential to preserve the prevailing bullish structure. However, a decisive break below 57,300 could trigger profit booking and drag the index towards the 57,000 psychological support level. Momentum indicators have improved meaningfully. The Relative Strength Index (RSI) has registered a bullish crossover and is currently hovering in the mid-50s, indicating strengthening momentum while leaving room for further upside. Overall, the near-term technical outlook has turned positive.