What is NIFTY 50?
NIFTY50 is a benchmark index representing the top 50 companies listed in National Stock Exchange (NSE). Their weightage is based on free-float Market Capitalization.
NIFTY 50
NSE
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Short term - Technical Outlook
Nifty 50 is currently trading with a range-bound to cautious bias, hovering around the 24,150–24,200 zone. On the upside, 24,300–24,400 continues to act as a key resistance band, and a sustained move above this zone is necessary to revive bullish momentum toward 24,600+ levels. On the downside, 24,000–23,900 serves as immediate support, followed by the crucial 23,800 level. A decisive break below this zone could accelerate downside momentum toward 23,600–23,400. Momentum indicators remain neutral, with RSI near 53, indicating a lack of strong directional bias. Overall, the market outlook remains highly cautious, with a clear directional move likely only upon a breakout beyond key levels.
Short term Research Report Call
Buy Above: 24150 | Targets: 24230, 24300, 24370 | Stop-loss: 24100
Sell Below: 24000 | Targets: 23930, 23840, 23750 | Stop-loss: 24050
Short term Chart
Long term - Technical Outlook
Nifty 50 immediate and critical support zone lies around 23,800. A clear breakdown below this level may intensify selling pressure and drag the index toward 23,600 region. On the upside, the 24,300-24,400 band now acts as a key resistance area, as earlier support has turned into a barrier; a sustained move above this range is essential for near-term stabilization. Overall, the downside bias remains intact unless the index posts a decisive close above the 25,000–25,300 region.
Long term Research Report Call
Buy Above: 24150 | Targets: 24230, 24300, 24370 | Stop-loss: 24100
Sell Below: 24000 | Targets: 23930, 23840, 23750 | Stop-loss: 24050
Long term Chart
Market View
April 30th 2026
Indian equity markets are likely to trade with a cautious bias in the near term, with volatility expected to remain elevated amid a confluence of global macroeconomic factors and persistent geopolitical tensions. The Federal Reserve has kept interest rates unchanged, signalling a data-dependent stance as it balances inflation risks against growth concerns, even as uncertainty remains elevated amid the ongoing Middle East conflict.
Brent crude oil witnessed a sharp spike, briefly breaching the $120 per barrel mark, before easing on profit booking and currently trading in the $107–110 range. The rally has been largely driven by ongoing supply disruptions, with the continued blockade and closure of the Strait of Hormuz keeping global supply concerns elevated.
The Indian rupee remains under pressure, weighed down by elevated crude prices and sustained foreign outflows. Foreign institutional investors (FIIs) continue to be net sellers, reflecting broader global risk aversion, while domestic institutional investors (DIIs) are providing partial support to the markets.
Overall, market sentiment remains fragile and highly news-driven, with crude oil volatility, geopolitical developments, currency pressures, and institutional flows acting as key drivers. The near-term trajectory of the market will largely hinge on stability in oil prices and further developments surrounding the Strait of Hormuz situation.
Technical view
Nifty 50
Nifty 50 is currently trading with a range-bound to cautious bias, hovering around the 24,150–24,200 zone. On the upside, 24,300–24,400 continues to act as a key resistance band, and a sustained move above this zone is necessary to revive bullish momentum toward 24,600+ levels. On the downside, 24,000–23,900 serves as immediate support, followed by the crucial 23,800 level. A decisive break below this zone could accelerate downside momentum toward 23,600–23,400. Momentum indicators remain neutral, with RSI near 53, indicating a lack of strong directional bias. Overall, the market outlook remains highly cautious, with a clear directional move likely only upon a breakout beyond key levels.
Bank Nifty
Bank Nifty is trading with a slightly negative to cautious bias, reflecting continued weakness in banking stocks. On the upside, 55,700–55,900 remains an immediate hurdle, followed by a stronger resistance band at 56,400–56,500. A sustained breakout above this zone is essential to regain upward momentum toward 57,500–58,000. On the downside, 55,200–55,000 serves as a key support zone, and a decisive breakdown below this range could extend weakness toward 54,800–54,600. Overall, the outlook remains cautious with a slight negative bias, and a decisive move beyond key support or resistance levels will be crucial in determining the next directional trend.
Resistance 24,150
Support 23,800
FII & DII Activities
Particular
FIIs
DIIs
Net Purchase/ Sales (Cr)
29 Apr 2026
-2,468.42
+2,262.17
MTD-May (Cr)
April
-62,087.6
+47,576.77
Global Market
April 30th 2026
NASDAQ
USA
24,673.24
9.44 0.04
30th April
Dow Jones
USA
48,861.81
30th April
FTSE
UK
10,341.76
30th April
DAX
GERMAN
24,087.07
30th April
GIFT Nifty
Singapore
24,176
30th April
NIKKEI 225
Japan
59,284.92
30th April
Shanghai
China
4,112.16
30th April
S&P 500
USA
7,135.95
30th April
April 30th 2026
Top Gainers
BCPL
84.95
9.86 13.13
CEMPRO
815.25
135.85 20
CALSOFT
14.35
2.39 19.98
MTARTECH
6,680
1,023.5 18.09
Top Losers
UNIONBANK
165.94
-1.37 -0.82
AUBANK
1,013.35
-4.3 -0.42
IDFCFIRSTB
69.75
-0.4 -0.57
HDFCBANK
774.75
-4.25 -0.55
Technicals
Pivot Advanced Levels
Check live levels for all scripts
Buy Above
24007.11
R1
24071.04
R2
24137.88
R3
24257.03
Stop Loss
23931.56
Pivot
23960.62
(All values are in INR)
Sell Below
23914.12
S1
23850.19
S2
23783.35
S3
23664.20
Stop Loss
23989.68
Pivot Basic Levels
| R4 | R3 | R2 | R1 | Pivot | S1 | S2 | S3 | S4 | |
| Classic | 24578.75 | 24414.98 | 24251.22 | 24124.38 | 23960.62 | 23833.78 | 23670.02 | 23543.18 | 23416.35 |
| Woodie | 24841.65 | 24433.45 | 24260.45 | 24142.85 | 23969.85 | 23852.25 | 23679.25 | 23561.65 | 23098.05 |
| Camarilla | 24157.38 | 24077.47 | 24050.83 | 24024.19 | 23960.62 | 23970.91 | 23944.27 | 23917.63 | 23837.72 |
Moving Averages
Bullish
Bearish
5 Day
20485.85
10 Day
19698.46
20 Day
19076.05
50 Day
18493.65
100 Day
18169.73
200 Day
17863.65
Momentum Oscillators
Bullish
0
Bearish
1
Neutral
6
Bullish
0
Bearish
1
Neutral
6
Stoch RSI
71.12
ROC
-0.96
Ultimate
48.61
Williams
-57.75
CCI
8.18
Stochastic
47.99
RSI
67.12
Trend Oscillators & Volatility
Bullish
1
Bearish
0
Neutral
0
Bullish
1
Bearish
0
Neutral
0
ATR
130.04
Low Volatility
MACD
330.13
Bullish
Nifty Stock List
Check all stocks
| Stock Name | CMP | Change (%) | Market Cap (Cr.) | Sector | Piotroski Score |
RELIANCE | 1430.8 | 0.3788 | 1936303.38 | Oil & Gas | 7 / 9 |
HDFCBANK | 604.5 | 1.0616 | 1187303.76 | Banks | 3 / 9 |
HDFCBANK | 771.7 | -0.9371 | 1187303.76 | Banks | 3 / 9 |
BHARTIARTL | 1886.8 | -0.0689 | 1149433 | Telecom | 8 / 9 |
SBIN | 1068.45 | -1.6975 | 985829.9 | Banks | 5 / 9 |
Market Commentary
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Disclaimer: Investment in securities/commodities market subject to market risk, read all the related documents carefully before investing/trading.
Analyst Certification: I/We, Ayushi Jain Research Analyst, authors, and the name subscribed to this report, hereby certify that all the views expressed in this research report accurately reflect our views about the subject issuer(s) or securities. We also certify that no part of our compensation was, is, or will be directly or indirectly related to the specific recommendation(s) or view(s) in this report. NISM Research Analyst registration number – NISM-201900015194.
NIFTY50 is a benchmark index representing the top 50 companies listed in National Stock Exchange (NSE). Their weightage is based on free-float Market Capitalization.
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