Nifty 50 prediction today

Short term - Technical Outlook

Nifty 50 continues to hold a constructive undertone after reclaiming the 24,200 level, with the broader structure pointing toward a gradual recovery. That said, the 24,300–24,400 band remains the immediate hurdle, coinciding with the 200-day EMA, making it a technically significant resistance confluence. A decisive close above this zone would reinforce bullish momentum and open the door for an extension toward the 24,500–24,600 region.
 
On the downside, the 24,150–24,000 zone is likely to act as the first line of support, reinforced by a strong buildup of Put Open Interest at these strikes. Sustaining above this range will be critical to keep the ongoing recovery structure intact. Conversely, a decisive breakdown below 24,000 could trigger profit-booking pressure, pulling the index toward the next support band at 23,900–23,800. Overall, the near-term bias remains constructive.

 

Short term Research Report Call
Buy Above: 24300 | Targets: 24360, 24420, 24480 | Stop-loss: 24250
Sell Below: 24200 | Targets: 24140, 24080, 24020 | Stop-loss: 24250
 

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 24,000 zone will be crucial to sustain the ongoing recovery structure and maintain bullish sentiment. Technically, a sustained move above 24,300 could strengthen upward momentum and open the door for a rally towards the 24,400–24,600 region. However, a break below 24,000 may trigger profit booking and lead to weakness towards the 23,900–23,800 support zone.

 

Long term Research Report Call
Buy Above: 24300 | Targets: 24360, 24420, 24480 | Stop-loss: 24250
Sell Below: 24200 | Targets: 24140, 24080, 24020 | Stop-loss: 24250

Long term Chart

Indian markets opened on a cautiously flat note as escalating geopolitical tensions kept investor sentiment guarded. The U.S. carried out fresh strikes on Iran, raising concerns over a further escalation of the conflict. Despite the geopolitical overhang, WTI crude oil remains stable, albeit at elevated levels near the $83 per barrel mark, while the Indian rupee has stabilized around the 95.6 level against the U.S. dollar.

Gold is leading the rebound today, outperforming silver, a day after the Fed held rates steady at its July 29 meeting. However, three FOMC members dissented in favor of a rate hike, and Chair Kevin Warsh flagged that persistent inflation could still warrant further tightening, capping investor enthusiasm even as the policy pause offered relief to bullion. Renewed Iran-linked strikes on U.S. forces and energy infrastructure in the Middle East are driving stronger safe-haven flows into gold, while silver's gains remain comparatively muted as it is influenced more by industrial demand and a structural supply deficit than by geopolitical risk.

Today's U.S. PCE inflation print, the Fed's preferred inflation gauge, due later today will be the next major catalyst for both precious metals. A softer-than-expected reading could extend gold's outperformance and lift silver as well, while a hotter-than-expected print may pressure both metals toward lower support levels, with gold likely to remain relatively more resilient given continued geopolitical demand.

In the equity markets, the IT sector continues to outperform the broader market, gaining more than 1.5% in early trade, supported by a healthy Q1 earnings season. The Nifty IT Index has extended its rally for a fifth consecutive session, gaining over 10% in the past week and around 23% over the past month, as strong earnings and positive management commentary continue to support investor sentiment.

Indian markets opened on a cautiously flat note as escalating geopolitical tensions kept investor sentiment guarded. The U.S. carried out fresh strikes on Iran after President Donald Trump warned that "we're going to be hitting them very hard," raising concerns over a further escalation in the conflict. Despite the geopolitical overhang, WTI crude oil remains elevated but stable near the $83 per barrel mark, while the Indian rupee has stabilized around the 95.6 level against the U.S. dollar.

Gold is leading the rebound today, outperforming silver, a day after the Fed held rates steady at its July 29 meeting, though three FOMC members dissented in favor of a hike and Chair Kevin Warsh flagged that persistent inflation could still warrant tightening, which is capping enthusiasm even as the hold offered relief to bullion. Renewed Iran-linked strikes on US forces and energy infrastructure in the Middle East are driving stronger safe-haven flows into gold specifically, while silver's gains are comparatively more muted as it leans more on industrial demand and a structural supply deficit than on geopolitical risk. Today's US PCE inflation print (the Fed's preferred gauge, due this morning) is the next major catalyst for both metals, a soft reading could extend gold's lead and lift silver higher too, while a hot print may pressure both back toward lower support levels, with gold likely holding up better given the geopolitical bid.
 
Domestically, the IT sector continues to outperform the broader market, gaining more than 1.5% in early trade, supported by a healthy Q1 earnings season. The Nifty IT Index has extended its rally for a fifth consecutive session, gaining nearly 9-10% over the past week and around 16% over the past month, as strong earnings and positive management commentary continue to support investor sentiment.

 
Technical view

Nifty 50

Nifty 50 opened on a flat note near the 24,250 mark, continuing to trade within the previous session's range, a sign of early-session indecision after Wednesday's sharp gap-up rally. Technically, the broader structure remains constructive as long as price holds above the 24,150–24,000 zone, which continues to be backed by heavy Put OI and now also sits below the rising 4H EMA cluster (20/50/100/200 EMAs between 24,000–24,130).
 
On the upside, the 24,300–24,400 zone remains the immediate resistance, coinciding with the daily 200-day Exponential Moving Average (EMA). A sustained breakout above this band and the previous session's high could reinforce bullish momentum and extend the rally towards the 24,400–24,500 region. However, a decisive move below 24,150 could weaken the near-term sentiment and shift the outlook back to a cautious bias.

 

Bank Nifty

Bank Nifty opened marginally lower near the 57,127 mark and quickly slipped below the psychologically significant 57,000 level, reflecting early weakness in line with the cautious tone. Sustaining above the 56,800 zone now becomes essential to prevent further downside pressure, a decisive break below this level could drag the index toward the 56,700–56,600 support band, a zone that also aligns with the 100-day EMA, lending it added technical significance.
 
On the upside, the 57,300–57,400 zone remains the crucial resistance band to watch. A sustained move above this level could accelerate buying momentum and pave the way for an advance toward the 57,800–58,000 region. Overall, the near-term technical outlook remains cautious.