Market Prediction Today

Nifty 50 Prediction Today

The Nifty 50 Index witnessed selling pressure and formed a Bearish Engulfing candlestick pattern on the daily chart, signaling a potential short-term reversal. The index is currently trading near the 0.382 Fibonacci retracement level, which also aligns with the previous swing low and a critical support zone between 25,330–25,300. A decisive break down below this support range could lead to extended selling pressure, dragging the index further down towards the 25,100–25,000 levels. On the upside, immediate resistance is seen around 25,500, followed by a strong hurdle near 25,600. The index will need to surpass these levels convincingly to regain upward momentum. Among the top gainers in the Nifty 50 were Maruti, IndusInd Bank, Tata Steel, Bajaj Finance, and Bajaj Finserv, while Bharti Airtel, HDFC Life, Asian Paints, Apollo Hospitals, and Shriram Finance were the top losers.

Nifty Prediction Today

The Nifty 50 prediction today indicates a sideways to bullish trend. The range is between 25000 and 25300, with support at 25000-25050 and resistance at 25250-25300. Traders should monitor these crucial levels closely for potential market shifts.

Nifty Support and Resistance Level

• Nifty Support: 25000-25050
• Nifty Resistance: 25250-25300
• BIAS: Sideways to Bearish

Bank Nifty Prediction Today

The Bank Nifty index witnessed rejection at higher levels and formed a strong Bearish Engulfing candlestick pattern on the daily chart, signaling a potential shift in momentum and indicating short-term weakness. This formation reflects renewed selling pressure after the recent rally, suggesting caution at higher levels. On the downside, immediate support is placed in the 56,700–56,500 zone. A break below this range could lead to extended selling pressure, potentially dragging the index towards the 56,000 mark, which remains a crucial support level for the broader bullish structure. On the upside, immediate resistance is seen near 57,000, followed by a strong hurdle in the 57,300–57,500 range. A decisive breakout above this zone would be essential for the index to resume its upward trajectory. Until then, the near-term trend appears to be under pressure.

Bank Nifty Prediction Today

Today Bank Nifty prediction suggests a sideways range between 56400 and 57100, with strong support at 56400-56500 and resistance at 57000-57100. Traders should monitor these crucial levels closely for potential market shifts.

Bank Nifty Support And Resistance

• Bank Nifty Support: 56400-56500
• Bank Nifty Resistance: 57000-57100
• BIAS: Sideways to Bearish

SENSEX Prediction Today

Right from the start of the session. The Sensex declined by 345.80 points or 0.41% to settle at 83,190.28, while the Nifty slipped 120.85 points or 0.47%, closing at 25,355.25. Market breadth remained weak, with 1,044 stocks advancing and 1,382 stocks declining, indicating broad-based selling across sectors.

Sensex predictions

The SENSEX today prediction is projected to move in a sideways to bullish range, between 82000 and 83000. Key support is expected around 82000-82100, while resistance is likely near 82900-83000. Traders should monitor these crucial levels closely, as a breakout in either direction could signal a significant market move.

Sensex

• SENSEX Support: 82000-82100
• SENSEX Resistance: 82900-83000
• BIAS: Sideways to Bearish

Prediction is given by the Technical Research Team - Choice.

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