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 (1st - 5th June 2026)

The Nifty index started the week on a positive note, opening with a gap-up of nearly 220 points at 23,940.25. Buying momentum continued in the initial part of the week, helping the index register its weekly high of 24,089.80 on Tuesday. However, the index failed to sustain at higher levels and witnessed profit booking, with the daily candle closing below Monday’s low, indicating weakness near resistance zones. Selling pressure intensified towards the latter half of the week, particularly on Friday, dragging the index to a weekly low of 23,484.75. Nifty eventually settled at 23,547.75, down 171.55 points or 0.72% for the week.

From a technical perspective, the RSI on the weekly timeframe stands near 41.20, reflecting subdued momentum and indicating that the index remains in a neutral-to-weak zone. Nifty continues to trade below its 20-week and 50-week EMAs, highlighting the absence of strong bullish momentum, while support from the broader long-term trendline remains intact. The recent price action suggests continued consolidation, with market participants closely tracking key support and resistance levels for the next directional move.

On the upside, immediate resistance levels are placed at 23,900 and 24,100. On the downside, support is seen at 23,400 and 23,200. A decisive breakdown below the 23,200 zone could invite fresh selling pressure, whereas sustained trade above 24,100 may improve sentiment and support a recovery move. Considering the current technical structure, traders are advised to remain cautious and follow strict stop-loss strategies amid ongoing market volatility

Also know: Tomorrow market prediction

Bank Nifty Prediction For Next Week (1st - 5th June 2026)

The Bank Nifty index commenced the week on a strong footing, opening with a gap-up of nearly 555 points at 54,610.55 amid positive global cues and buying interest across frontline banking stocks. The bullish momentum continued during the early part of the week, pushing the index to a weekly high of 55,536.80 on Tuesday. However, the rally faced resistance near higher levels, triggering mild profit booking and resulting in a negative close for the session.

During the latter half of the week, the index remained volatile and gradually witnessed selling pressure, particularly on Friday, where it slipped to a weekly low of 54,116.15. Despite the weakness, Bank Nifty managed to close above the previous week's settlement and ended the week at 54,239.20, registering a gain of 183.85 points or 0.34%. The price action indicates indecisiveness among market participants, with buyers and sellers struggling for control near key technical levels.

Technically, Bank Nifty continues to trade below its 20-week and 50-week EMA levels, indicating that the broader trend remains under pressure. The index is currently consolidating near important support zones while facing resistance around the short-term moving averages. Weekly RSI stands at 43.24, reflecting subdued momentum and a cautious undertone in the market. Immediate support is placed in the 53,900–53,555 zone, while resistance is seen at 55,000 and 55,300. A sustained move beyond these levels could determine the next directional trend.

Technical Research - Team Choice gives the prediction.

Keep watching this space as we bring you expert analysis and recommendations. Also, follow our research section where we give you expert research on fundamental and technical stocks. All this is available on our Choice FinX trading app.

Disclaimer: ​​Investments in the securities market are subject to market risks, read all the related documents carefully before investing.