Nifty 50 prediction today

Short term - Technical Outlook

Nifty 50 is likely to remain under pressure at higher levels, with the near-term technical structure continuing to remain weak after extending its losing streak. Trading below all four key EMAs, the 20, 40, 100, and 200-day, points to sustained selling pressure with little sign of buyers stepping in with real conviction. The 24,200–24,300 stretch now marks the immediate ceiling overhead; only a decisive push past 24,400 would go some way toward steadying the index and lifting sentiment, with the next hurdle waiting at 24,500–24,600.
 
On the downside, the 24,000 mark remains the crucial psychological support. Giving up this psychological mark decisively would likely fuel further selling and open the door to a slide toward 23,800. Momentum readings remain soft across the board, keeping the path of least resistance tilted lower for now. The overall setup stays cautious-to-bearish.

 

Short term Research Report Call
Buy Above: 24400 | Targets: 24470, 24540, 24600 | Stop-loss: 24350
Sell Below: 24300 | Targets: 24240, 24180, 24100 | Stop-loss: 24350
 

Short term Chart

Long term - Technical Outlook

Nifty 50 is trading with a cautious undertone 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 susatined 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: 24400 | Targets: 24470, 24540, 24600 | Stop-loss: 24350
Sell Below: 24300 | Targets: 24240, 24180, 24100 | Stop-loss: 24350

Long term Chart

Indian equity markets opened on a firmer note, with benchmark indices posting a gap-up start as easing U.S. Treasury yields and a rebound across global equity markets improved risk sentiment. The decline in bond yields has provided some relief to emerging-market assets, supporting investor confidence in the early trade.

On the geopolitical front, the U.S.–Iran situation remains unresolved, keeping geopolitical risks firmly in focus. Crude oil continues to be the principal domestic risk factor, with WTI holding in the elevated $84–85 per barrel range. Meanwhile, the Indian rupee has staged marginal recovery against the US dollar in early trade, but remains under pressure, trading around the 95.6-per-dollar mark.

Gold and silver have extended their rally after the U.S. Treasury's decision to double its buyback of long-term securities triggered a sharp decline in long-dated bond yields, enhancing the appeal of non-yielding precious metals. Continued softness in the U.S. dollar has provided additional support. Silver is also finding support from robust industrial demand, with Chinese imports of silver-bearing ores rising 62.5% year-on-year in June, reflecting continued expansion in the country's solar-panel and power-grid sectors. Investors are now awaiting Federal Reserve Chair Kevin Warsh's remarks at the Jackson Hole symposium for further policy cues, even as unresolved tensions surrounding the Strait of Hormuz continue to keep a geopolitical risk premium embedded in the market.

The U.S. dollar has weakened toward three-month lows as Treasury yields have retreated, providing some relief to emerging-market currencies, including the Indian rupee.

Technical view

Nifty 50

Nifty 50 opened with a gap-up near the 24,225 mark and reclaimed the 50-day and 100-day EMAs, indicating some improvement in the immediate technical structure. However, the 24,200–24,300 region remains an important near-term resistance zone and will need to be sustained above for the recovery to gain further traction. The 24,400 level, which is aligned with the 20-day and 200-day EMAs, remains the key hurdle. A sustained breakout above 24,400 would help stabilize the broader structure and could pave the way for a recovery towards higher resistance levels.

On the downside, the 24,000 psychological mark remains the crucial support zone. Holding above this level will be important to preserve the improving technical structure and prevent renewed weakness. A decisive break below 24,000 could once again bring selling pressure back into the market. Momentum indicators have shown a marginal improvement, with the RSI moving up to around 47. However, it remains below the neutral 50 mark, indicating that momentum is still relatively weak despite the early recovery. Overall, the near-term outlook has improved following the gap-up opening, but the broader recovery remains unconfirmed. A sustained move above 24,200–24,300 region would be essential to strengthen the bullish recovery structure, while 24,000 remains the key downside level.

Bank Nifty

Bank Nifty opened with a sharp gap-up near the 57,507 mark, reclaiming its 20-day EMA and showing early strength compared with the broader market. The opening recovery indicates improving near-term sentiment, although the index continues to face resistance at higher levels. On the upside, the 57,500–57,600 zone remains the immediate resistance area. A sustained breakout above 57,600 could strengthen buying momentum and pave the way for an advance towards the 57,800–58,000 region, which remains the next major resistance zone.

On the downside, the 57,200–57,000 region remains the stronger support zone. Holding above this area will be important to sustain the prevailing recovery structure, while a decisive break below 57,000 could weaken the near-term bias and invite fresh selling pressure. Momentum indicators have improved, with the RSI moving into the neutral zone and hovering around 51, indicating a modest improvement in momentum without entering overbought territory. Overall, the near-term outlook remains cautiously positive, with 57,600 acting as the immediate breakout trigger and 57,200–57,000 providing the key support cushion.