Nifty 50 prediction today

Market View

NIFTY 50

NSE

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Short term - Technical Outlook

Nifty 50 is currently trading near the 24,500–24,600 zone, following its recent recovery and breakout above key resistance levels. From a technical perspective, a sustained breakout above 24,600 will be crucial to validate further upside towards the 24,800–25,000 levels. On the downside, the 24,400–24,300 zone now acts as immediate support, aligning with the recent breakout area and representing a previous resistance turned support. A breach below this band could lead to a pullback towards the 24,100–24,000 range, which remains a key psychological and demand zone. Overall, the index maintains a cautiously positive bias, supported by its ability to hold above key levels. However, a decisive breakout above 24,600 is essential to confirm continuation of the uptrend.

 

Short term Research Report Call
Buy Above: 24600 | Targets: 24680, 24750, 24840 | Stop-loss: 24520
Sell Below: 24350 | Targets: 24270, 24200, 24110 | Stop-loss: 24400
 

Short term Chart

Long term - Technical Outlook

Nifty 50 immediate and critical support zone lies around 24,000. A clear breakdown below this level may intensify selling pressure and drag the index toward 23,800 region. On the upside, the 24,600 band now acts as a key resistance area, as earlier support has turned into a barrier; a sustained move above this range is essential for near-term stabilization. Overall, the downside bias remains intact unless the index posts a decisive close above the 25,000–25,300 region.

 

Long term Research Report Call
Buy Above: 24600 | Targets: 24680, 24750, 24840 | Stop-loss: 24520
Sell Below: 24350 | Targets: 24270, 24200, 24110 | Stop-loss: 24400
 

Long term Chart

Market View

April 23rd 2026

Indian equity markets have opened on a negative note, extending recent weakness, as rising geopolitical tensions continue to weigh on investor sentiment. The gap-down start reflects persistent risk aversion, with selling pressure visible across broader markets in early trade.
 
The sharp rise in crude oil prices above $103 per barrel remains the key concern, intensifying fears around inflation, India’s import bill, and overall macroeconomic balance, thereby triggering broad-based selling. Global sentiment continues to stay subdued with Asian markets trading lower, offering limited support to domestic equities. The Indian rupee is also facing renewed pressure, reflecting the impact of higher crude prices and persistent foreign outflows, which is adding to overall market volatility. The near-term sentiment remains cautious to negative and highly news-driven, with volatility expected to stay elevated and downside risks prevailing unless geopolitical tensions ease.

 

Nifty 50

Nifty 50 opened with a gap-down around the 24,211 mark, indicating mild weakness at the start of the session. The 24,100–24,000 zone remains a key psychological and demand area, and a breach below this support could lead to further short-term weakness, particularly amid volatile global cues. To regain its prior momentum, the index needs to reclaim higher levels, with 24,400 now acting as an immediate resistance zone. A sustained move above this level will be crucial to restore upward momentum. Momentum indicators remain neutral, with the RSI hovering near the 55 level.  The opening outlook remains cautious to mildly weak, with a range-bound to downside bias unless a decisive breakout above key resistance levels is seen.


  
Bank Nifty

Bank Nifty opened with a gap-down around the 56,632 mark and witnessed initial buying interest near the 56,400–56,500 zone, indicating support at lower levels despite mild profit booking. From a technical standpoint, reclaiming the 57,000 level remains crucial to sustain the ongoing recovery phase. On the downside, the 56,200–56,000 zone serves as an important support, and a breakdown below this range could extend the decline towards the 55,500 level. Early market outlook remains cautious and slightly negative, unless a clear breakout above key resistance levels is seen.

Resistance 24,400

Market View

Support 24,000

FII & DII Activities

Particular

FIIs

DIIs

Net Purchase/ Sales (Cr)

22 Apr 2026

-2,078.36

-1,048.17

MTD-May (Cr)

April

-44,281.38

+33,836.61

Global Market

April 23rd 2026

NASDAQ

USA

24,657.57

397.6   1.64

23rd April

Dow Jones

USA

49,490.03

340.65   0.69

23rd April

FTSE

UK

10,433.6

-42.86   -0.41

23rd April

DAX

GERMAN

24,147.4

-47.5   -0.2

23rd April

GIFT Nifty

Singapore

24,270.5

-38   0.16

23rd April

NIKKEI 225

Japan

59,140.23

-445.63   -0.75

23rd April

Shanghai

China

4,093.25

-13.01   -0.32

23rd April

S&P 500

USA

7,137.9

73.89   1.05

23rd April

Market at Closing

April 23rd 2026

Top Gainers

DIGJAMLMTD

56.8

9.46  19.98

MASKINVEST

161.37

26.89  20

ZODIAC

355.83

59.3  20

HALDYNGL

103.5

17.25  20

Top Losers

IDFCFIRSTB

67.96

-0.42  -0.61

RELIANCE

1,352.4

-9.7  -0.71

TATASTEEL

211.45

-1.58  -0.74

FEDERALBNK

295.45

-1  -0.34

Technicals

Buy Above

24441.74

R1

24477.61

R2

24515.11

R3

24581.96

Stop Loss

24399.35

Pivot

24415.65

(All values are in INR)

Sell Below

24389.56

S1

24353.69

S2

24316.19

S3

24249.34

Stop Loss

24431.96

Pivot Basic Levels

R4R3R2R1PivotS1S2S3S4
Classic

24704.20

24641.45

24578.70

24478.40

24415.65

24315.35

24252.60

24152.30

24052.00

Woodie

24895.41

24622.67

24569.31

24459.63

24406.26

24296.58

24243.21

24133.53

23917.11

Camarilla

24467.78

24422.94

24407.99

24393.05

24415.65

24363.15

24348.21

24333.26

24288.42

Moving Averages

Bullish

Bearish

5 Day

20558.73

10 Day

19738.22

20 Day

19096.88

50 Day

18502.22

100 Day

18174.06

200 Day

17865.82

Momentum Oscillators

Bullish

2

Bearish

2

Neutral

3

Stoch RSI

0.00

ROC

5.43

Ultimate

63.48

Williams

-15.94

CCI

66.58

Stochastic

91.26

RSI

57.89

Trend Oscillators & Volatility

Bullish

1

Bearish

0

Neutral

0

ATR

129.80

Low Volatility

MACD

344.08

Bullish

Nifty Stock List

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

RELIANCE

1353.1

-0.6607

1844349.76

Oil & Gas

7 / 9

HDFCBANK

604.5

1.0616

1231315.53

Banks

3 / 9

HDFCBANK

786.25

-1.7065

1231315.53

Banks

3 / 9

BHARTIARTL

1836

0.3827

1115091.06

Telecom

8 / 9

SBIN

1089.9

-1.2145

1018506.3

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

What is NIFTY 50?

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.

Can I trade NIFTY50?

How are stocks selected to be a part of Nifty 50?

How does the closing price of NIFTY50 determined?

What are Nifty Futures and Options?

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