Indian Stock Market Prediction For Next Week

The overall month has been quite unpredictable. While many on the chart stood strong, most of them have slipped. Bank Nifty on the other hand maintained its grip for a long time but now appears slightly bearish. Let’s see what the coming month holds for the investors as Mr. Sumeet Bagadia, Executive Director of Choice takes us through the weekly predictions of the market.

Nifty Prediction for Next Week (2nd - 6th March 2026)

The Nifty index witnessed sharp intraday volatility throughout the week and formed four consecutive red candles on the daily timeframe, indicating sustained selling pressure. The index recorded a weekly high of 25,771 and a low of 25,141.30, before settling at 25,178.65, registering a weekly decline of approximately 392 points. This weekly close reflects continued bearish sentiment in the broader market structure.

On the daily chart, Nifty displayed a strong bearish moveand closed below the 200 DEMA, suggesting a shift towards a negative trend and weakening medium-term structure. On the weekly timeframe, the index has erased all recent gains and delivered a decisive close below the 20-week EMA, indicating loss of bullish momentum and a breakdown of the longer-term trend structure. The weekly RSI stands at 46.93, suggesting weak momentum, bearish bias, and lack of strength for a sustainable upside recovery. However, Nifty managing to close above the 25,000 psychological mark reflects some underlying demand and defensive buying interest at lower levels.

From a levels perspective, 25,350stands as the immediate resistance, followed by 25,500 and 25,800. On the downside, key supports are positioned at 25,000 and 24,800. A decisive break below 24,800could intensify downside momentum and accelerate corrective pressure. Given the prevailing volatility, traders are advised to maintain a cautious, risk-managed approach, with strict stop-loss discipline to navigate potential sharp market swings.

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Bank Nifty Prediction for Next Week (2nd - 6th March 2026)

NIFTY Bank witnessed a volatile and corrective week as profit booking emerged near higher levels. The index opened the week at 61,145.55 and initially surged to a weekly high of 61,517.80 on the first trading day. However, it failed to sustain the upward momentum and gradually drifted lower, touching a weekly low of 60,438.95 on the final trading session before settling at 60,529. The overall weekly price action reflects strong rejection around the 61,500 zone and indicates a phase of consolidation near the 60,500 mark, suggesting cautious sentiment in the near term..

Technically, the index faced strong supply pressure around the 61,200–61,500 resistance band, resulting in a gradual retracement toward lower support levels. The inability to hold above 61,000 suggests temporary exhaustion of bullish momentum, while consistent buying interest near 60,400 indicates the presence of short-term demand.

On the downside, 60,300–60,000 will act as an immediate and crucial support zone. A sustained breakdown below 60,000 may trigger extended corrective pressure. On the upside, immediate resistance is placed at 61,200, followed by 61,500. A decisive move above 61,500 would be required to revive fresh bullish momentum.

The overall structure suggests consolidation within a defined range, with traders likely to witness range-bound movement unless a breakout or breakdown occurs from the mentioned zones.

Technical Research - Team Choice gives the prediction.

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