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 February 2026)

The Nifty index witnessed volatile momentum during the week, registering a weekly high of 25,458 and a low of 24,932.55 before closing at 25,320.65, up by a marginal 272 points. This weekly close reflects heightened volatility and consolidation within a broad range of 24,900 to 25,600, while maintaining sustainability above the 200-day EMA, suggesting that the broader trend remains structurally intact despite short-term fluctuations.

On the weekly chart, the index formed a strong bullish candlestick after taking support near the 50-week EMA, reflecting renewed buying interest at lower levels and reinforcing medium-term trend stability.

On the daily timeframe, Nifty closed decisively above the crucial 25,300 support level, indicating a breakout from a key resistance zone and an improvement in overall market structure.

Immediate resistance is placed at 25,450, followed by 25,600 and 25,700 levels. On the downside, support is seen at 25,200 and 25,000. A breakdown below 24,900 could intensify downside pressure and accelerate corrective moves. Given the prevailing volatility, a cautious approach with strict stop-loss discipline is advised.

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

Bank Nifty ended the week on a strong note, closing at 59,610, registering a weekly gain of 1,137.35 points amid heightened volatility. The index demonstrated notable strength by decisively breaking above the key resistance at 59,500 and forming a bullish piercing pattern on the weekly timeframe, which signals a potential bullish reversal and improving market sentiment. However, if selling pressure re-emerges and the index fails to sustain above 59,500, a decisive breakdown could trigger a deeper corrective move towards the 59,000–58,500 zone, with the risk of further downside extension. On the upside, immediate resistance is placed at 60,000, followed by 60,200and 60,400.

Technical indicators suggest a cautiously optimistic outlook. The weekly RSI stands at 59.78 and is trending upward, indicating strengthening momentum without entering overbought territory. That said, the index continues to trade below its 20-day, 50-day, and 200-day EMAs, highlighting the presence of overhead supply and a broader trend that is yet to turn decisively bullish.

A sustained close above 60,000 would reaffirm bullish momentum and could pave the way for further upside. Conversely, failure to hold above this level may invite short-term weakness. Traders are advised to remain constructive yet disciplined, closely monitoring 59,500 as a key support and 60,000 as a crucial resistance for cues on the next directional move.

Technical Research - Team Choice gives the prediction.

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