Nifty 50 prediction today

Short term - Technical Outlook
Nifty 50 has moved decisively above its 20-day, 50-day, 100-day and 200-day EMAs, indicating a significant improvement in its overall technical structure and strengthening bullish momentum. The immediate resistance is placed around 24,600. A sustained breakout above this level could extend the upward momentum towards 24,800–25,000.
 
On the downside, 24,400–24,300 forms the immediate support zone, followed by the crucial psychological support at 24,000. Holding above these levels will be important to sustain the prevailing positive momentum. Overall, the near-term outlook remains bullish.

Short term Research Report Call
Buy Above: 24600 | Targets: 24680, 24740, 24800 | Stop-loss: 24550
Sell Below: 24500 | Targets: 23450, 23370, 23300 | Stop-loss: 24550

Short term Chart
 

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Analyst Certification: I/We, Ajith Kamti 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-202500242249.

Indian equity markets opened on a subdued note on Friday, with mild selling pressure evident across most sectors. Information technology stocks, however, bucked the broader trend, gaining more than 1% and emerging as the session’s early outperformers. Following the recent rally, the market’s ability to sustain its gains will be an important near-term indicator of underlying investor confidence. While the broader trend remains constructive, intermittent profit-booking at higher levels cannot be ruled out.

On the commodities front, WTI crude oil prices remained relatively stable, trading in the $91–92 per barrel range. Meanwhile, the Indian rupee extended its strengthening trend, hovering around 94.30 against the US dollar. A firmer rupee, if sustained, could offer some relief on the imported inflation front and provide a measure of support to the domestic macroeconomic outlook.

Geopolitical developments remain another source of uncertainty, with US President Donald Trump’s threat to expand military strikes against Iran keeping investors alert to the risk of further escalation. Any intensification of tensions could influence global risk appetite and trigger renewed volatility in crude oil prices. Against this backdrop, investors are likely to remain cautious, with geopolitical developments, movements in global markets and profit-booking at elevated levels likely to shape near-term market direction. 

Technical View

Nifty 50

Nifty 50 opened on a largely flat note near the 24,538 mark and is witnessing some early selling pressure. The index's ability to sustain above the opening levels will remain important in determining the near-term direction. The immediate resistance is placed around 24,600, and a sustained breakout above this level could extend the upward momentum towards the next resistance zone of 24,800–25,000.
 
On the downside, the 24,400–24,300 range is expected to act as the immediate support zone, followed by the crucial psychological support at 24,000. Holding above these levels will be important to sustain the prevailing positive momentum. Meanwhile, momentum indicators remain largely unchanged, with the RSI hovering in the mid-70s, indicating strong bullish momentum but also suggesting that the index remains in overbought territory.

Bank Nifty

Bank Nifty opened marginally higher than its previous close, near the 57,813 mark, but is witnessing early selling pressure following rejection near the 58,000–58,200 zone, which continues to act as the immediate resistance band. A sustained breakout above this range could reinforce the bullish momentum and extend the rally towards higher levels.
 
On the downside, the 57,500–57,300 zone is expected to act as immediate support. Holding above this range will be important to maintain the prevailing positive bias. Meanwhile, momentum indicators remain relatively strong, although the RSI has slightly eased to around 66, indicating some moderation in bullish momentum.