Nifty 50 prediction today

Short term - Technical Outlook

 

The Indian stock market is set to open on a flat to positive note today, with GIFT Nifty trading at  25,226 up by 2 points, indicating a flat to positive opening.

 

Rupee Desk - USD/INR: Currently trading at 88.80

 

Indian equities have been on a steady upward trend for several sessions, supported by positive earnings expectations and recent lending reforms that have strengthened market sentiment. The rally has been broad-based, with 13 of 16 major sectors advancing and notable gains seen in mid- and small-cap indices. The LG Electronics India IPO witnessed robust demand, especially from retail investors, underscoring strong investor appetite for new listings. Globally, market sentiment remains mixed some regions are showing resilience, while others face challenges from macroeconomic uncertainty and geopolitical tensions. Investors are closely tracking U.S. monetary policy signals, as any indication of further rate cuts or dovish commentary could boost global risk appetite. Additionally, corporate earnings in the U.S. and Europe, along with key macro indicators such as inflation, PMI, and employment data, will shape near-term direction. Movements in the U.S. dollar, sovereign bond yields, and capital flows into emerging markets are also expected to play a pivotal role in setting the market tone.

Nifty took resistance in the 25,000–25,200 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 25,108 up by 31 points. An intraday move above 25,150 could trigger further upside momentum, while a fall below 24,750 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 24,600 may add further bearishness to the Nifty.

 

FIIs were net buyers, bought 1,440.66 crore, DIIs were net buyers for the day, bought 452.57 crore. Sustained buying from FII flows is expected to provide support to the market.

 

Short term Research Report Call

Buy Above: 25150 | Targets: 25240, 25310, 25425 | Stop-loss: 24880
Sell Below: 24800 | Targets: 24750, 24620, 24500 | Stop-loss: 24900

 

Short term Chart