Nifty 50 prediction today

NIFTY 50

NSE

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Short term - Technical Outlook

Nifty 50 continues to trade with a cautious undertone as the index remains below key resistance levels, reflecting a lack of strong buying conviction at higher levels. From a technical perspective, the 23,250–23,300 zone remains an important immediate resistance area. This region represents a previous support zone that has now turned into resistance following the recent breakdown. A sustained breakout above this range would be required to improve market sentiment and could pave the way for a recovery towards the 23,450–23,550 levels.
 
On the downside, the 23,000 mark continues to serve as a critical support level. Holding above this zone will be essential to preserve the broader consolidation structure and prevent further deterioration in sentiment. However, a decisive breach below 23,000 could intensify selling pressure and expose the index to additional downside towards the 22,800–22,700 region. Momentum indicators remain subdued, indicating that bearish undertones continue to dominate the near-term trend. Overall, the technical structure remains cautious, and a sustained move above the immediate resistance zone will be necessary to revive bullish momentum and improve the broader market outlook.

 

Short term Research Report Call

Buy Above: 23150 | Targets: 23220, 23300, 23360 | Stop-loss: 23100
Sell Below: 23000 | Targets: 22930, 22860, 22800 | Stop-loss: 23050

 

Short term Chart

Nifty 50 market sentiment gauge showing bullish and bearish signals.

Long term - Technical Outlook

Nifty 50 is witnessing a cautious recovery after attracting buying interest from lower levels. The 23,000 zone now acts as an important immediate support area, and holding above this region will be crucial to sustain the ongoing recovery structure. On the upside, the 24,000 level remains a key resistance zone, and a sustained breakout above this psychological barrier could strengthen bullish momentum and extend the recovery further. Overall, the near-term trend remains cautiously positive, although resistance at higher levels continues to limit aggressive upside momentum.

 

Long term Research Report Call
Buy Above: 23150 | Targets: 23220, 23300, 23360 | Stop-loss: 23100
Sell Below: 23000 | Targets: 22930, 22860, 22800 | Stop-loss: 23050
 

Long term Chart

Nifty 50 market sentiment gauge showing bullish and bearish signals.

Market View

June 9th 2026

Indian equity markets opened on a cautiously positive note, supported by easing geopolitical tensions after Israel and Iran agreed to halt attacks, providing some near-term relief to global risk sentiment. While the development has helped reduce immediate concerns over a broader regional escalation, investor confidence remains measured amid the absence of meaningful progress in the wider U.S.–Iran diplomatic process, leaving uncertainty over the longer-term geopolitical outlook firmly in place.  
 
Crude oil prices have remained relatively stable, trading near the $90 per barrel mark. The moderation in energy prices is offering some relief on the inflation and import-cost front for India, helping to support overall market sentiment.
 
Meanwhile, the Indian rupee is trading in the 95.4–95.7 range against the U.S. dollar. While the currency remains broadly stable, a gradual weakening trend is visible, reflecting the impact of foreign fund outflows and lingering global uncertainties.
 
Overall, market sentiment remains cautious despite the positive opening. While the Israel-Iran ceasefire has eased immediate geopolitical concerns, the absence of tangible progress in U.S.-Iran discussions, continued FII selling pressure, and a persistent risk-off environment globally are likely to limit upside momentum. Strong domestic institutional investor (DII) participation continues to provide important support to the market. However, a sustained recovery may require greater clarity on geopolitical developments and a meaningful improvement in foreign investment flows.

 

Technical view

Nifty 50

Nifty 50 opened with a gap-up near the 23,259 mark, reflecting improved sentiment at the start of the session. However, the index continues to face resistance in the 23,250–23,300 zone, which remains a crucial near-term hurdle. A sustained breakout above the 23,250–23,300 range could strengthen market sentiment and pave the way for a recovery towards the 23,450–23,550 zone, which represents the next significant resistance area.
 
On the downside, the 23,000 mark continues to serve as a critical support level. Holding above this zone will be essential to maintain the broader consolidation structure and prevent renewed selling pressure. However, a decisive breach below 23,000 could weaken the near-term technical setup and expose the index to further downside towards the 22,800–22,700 region. Overall, the near-term technical outlook remains cautious. A sustained move above the immediate resistance zone will be required to revive bullish momentum and improve the broader market structure, while failure to hold key support levels could keep downside risks elevated.

 

Bank Nifty

Bank Nifty opened with a gap-up near the 54,279 mark and continues to demonstrate relative resilience compared to the broader market, supported by strength in select heavyweight banking stocks. From a technical perspective, the 54,800–55,000 zone has emerged as the immediate resistance area. A sustained breakout above this range could strengthen bullish momentum and pave the way for a further advance towards the 55,500 level, which remains the next significant upside target in the near term.
 
On the downside, immediate support is placed at 54,000–53,800. Holding above this zone will be crucial to maintain the ongoing recovery structure and preserve positive undertones. However, a decisive break below this support band could trigger renewed selling pressure and drag the index towards the 53,600 level. Overall, the near-term outlook remains cautiously positive. A sustained move above the 54,800–55,000 resistance zone will be required to confirm stronger bullish momentum and support a continuation of the recovery towards higher levels.

Market support level is 23,000. Market resistance level is 23,300.

Resistance 23,300

Market view chart showing support 23,000 and resistance 23,300

Support 23,000

FII & DII Activities

Particular

FIIs

DIIs

Net Purchase/ Sales (Cr)

8 Jun 2026

-5,555.67

+5,165.24

MTD-May (Cr)

June

-36,670.14

+39,098.29

Global Market

June 9th 2026

NASDAQ

USA

25,929.66

9th June

Dow Jones

USA

50,786.01

9th June

FTSE

UK

10,352.83

9th June

DAX

GERMAN

24,783.77

9th June

GIFT Nifty

Singapore

23,327

9th June

NIKKEI 225

Japan

65,416.63

9th June

Shanghai

China

4,010.03

9th June

S&P 500

USA

7,405.73

9th June

Market at Closing

June 9th 2026

Top Gainers

GRANDOAK

32.49

MENONBE

170.9

STUDDS

527.15

ORBTEXP

222

Top Losers

HYUNDAI

1,894

AMBUJACEM

415.25

BEL

412.55

TATACONSUM

1,106.9

Technicals

Buy Above

23236.64

R1

23275.13

R2

23315.37

R3

23387.10

Stop Loss

23191.16

Pivot

23208.65

(All values are in INR)

Sell Below

23180.66

S1

23142.17

S2

23101.93

S3

23030.20

Stop Loss

23226.15

Pivot Basic Levels

Classic

R4
23592.00
R3
23487.80
R2
23383.60
R1
23312.85
Pivot
23208.65
S1
23137.90
S2
23033.70
S3
22962.95
S4
22892.20

Woodie

R4
23741.86
R3
23504.53
R2
23391.96
R1
23329.58
Pivot
23217.01
S1
23154.63
S2
23042.06
S3
22979.67
S4
22692.16

Camarilla

R4
23338.32
R3
23290.21
R2
23274.17
R1
23258.14
Pivot
23208.65
S1
23226.06
S2
23210.03
S3
23193.99
S4
23145.88

Moving Averages

Bullish

Bearish

5 Day

20234.03

10 Day

19561.11

20 Day

19004.10

50 Day

18464.02

100 Day

18154.77

200 Day

17856.13

Momentum Oscillators

Bullish

0

Bearish

1

Neutral

6

Stoch RSI

71.12

ROC

-2.50

Ultimate

47.01

Williams

-62.55

CCI

-33.66

Stochastic

35.69

RSI

67.12

Trend Oscillators & Volatility

Bullish

1

Bearish

0

Neutral

0

ATR

129.40

Low Volatility

MACD

312.38

Bullish

Nifty Stock List

Stock NameCMPChange (%)Market Cap (Cr.)SectorPiotroski Score

RELIANCE

1269.2

0.467

1718091.15

Oil & Gas

7 / 9

HDFCBANK

604.5

1.0616

1136962.46

Banks

3 / 9

HDFCBANK

738.35

-0.0406

1136962.46

Banks

3 / 9

BHARTIARTL

1799

-0.7886

1095711

Telecom

8 / 9

SBIN

1002.7

2.1131

925692.4

Banks

5 / 9

Market Commentary

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.

Frequently asked questions

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.