Market Prediction Today (8th August 2025)

Nifty 50 Prediction Today

The Nifty opened on a weak note, falling nearly 225 points in early trade. However, it staged a strong recovery, rebounding over 250 points to end above the previous day’s close. The index formed a bullish candlestick pattern, reflecting renewed buying interest and momentum. From a technical standpoint, a sustained move above the 24,650 level could open the door for an upside toward 24,850. On the downside, immediate support is placed at 24,550, followed by 24,400 — both of which could offer attractive entry points for fresh long positions. Sectorally, all major indices managed to recover most of their intraday losses, with notable gains seen in IT, Media, and Pharma, which rose between 0.5% and 1%.

Nifty Prediction Today

The Nifty 50 prediction today indicates a sideways to bullish trend. The range is between 24450 and 24750, with support at 24450-24500 and resistance at 24700-24750. Traders should monitor these crucial levels closely for potential market shifts.

Nifty Support and Resistance Level

• Nifty Support: 24450-24500
• Nifty Resistance: 24700-24750
• BIAS: Sideways to Bullish

Bank Nifty Prediction Today

The Bank Nifty also witnessed significant intraday swings, initially dropping nearly 350 points. However, it took strong support near the 100-day Exponential Moving Average (EMA) and rebounded sharply by around 540 points. The index formed a bullish candle, indicating the presence of buyers at lower levels and closed above the previous day’s close. Key support levels are now seen at 55,200 and 55,000. Holding above these zones could lead to further gains, while resistance lies in the 55,700–56,000 region. A convincing breakout above this resistance band could trigger a rally toward the psychological 56,200 mark.

Nifty Bank Prediction Today

Today's Bank Nifty prediction suggests a sideways range between 55200 and 55850, with strong support at 55200-55300 and resistance at 55750-55850. Traders should monitor these crucial levels closely for potential market shifts.

Bank Nifty Support And Resistance

• Bank Nifty Support: 55200-55300
• Bank Nifty Resistance: 55750-55850
• BIAS: Sideways to Bullish

SENSEX Prediction Today

Indian equity markets closed higher on August 7, 2025, after a volatile trading session. The Sensex ended the day with a gain of 79.27 points or 0.10% at 80,623.26, while the Nifty 50 rose 21.95 points or 0.09% to close at 24,596.15. Market breadth was mixed, with 1,708 shares advancing, 1,981 declining, and 125 remaining unchanged.

Sensex predictions

The SENSEX today prediction is projected to move in a sideways to bullish range, between 80200 and 81200. Key support is expected around 80100-80200, while resistance is likely near 81100-81200. Traders should monitor these crucial levels closely, as a breakout in either direction could signal a significant market move.

Sensex

• SENSEX Support: 80100-80200
• SENSEX Resistance: 81100-81200
• BIAS: Sideways to Bullish

Indian VIX Prediction For Today

The India VIX, a key indicator of market volatility, declined by 2.28% to 11.68, reflecting reduced uncertainty and improved investor sentiment. In the derivatives segment, open interest (OI) data showed the highest call writing at the 24,800 strike, while the highest put OI was concentrated at the 24,500 level. This setup indicates that although resistance persists near 24,800, traders are anticipating potential upside, with a sustained close above this level being essential to maintain bullish momentum.

Prediction is given by the Technical Research Team - Choice.

Other Indices

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