

Today, Nifty prediction suggests a sideways range between 22750 and 23100, with strong support at 22750-22800 and resistance at 23050-23100. Traders should monitor these crucial levels closely for potential market shifts.
Indian equity benchmarks closed on a positive note on March 24, 2026, supported by improved buying momentum in the indices. The Nifty 50 opened with a gap-up of 365.80 points at 22,878.45. During the first half of the session, the index witnessed selling pressure and declined to an intraday low of 22,624.20. However, buying interest emerged thereafter, resulting in a recovery of 433.10 points from the day’s low, with the index touching an intraday high of 23,057.30. The Nifty 50 eventually settled at 22,912.40, registering a gain of 399.75 points, or 1.78 percent, compared to the previous close.
On the daily timeframe, the index has formed a spinning top-like candlestick pattern, indicating market indecision. A decisive breakout above the high or below the low of this pattern is likely to determine the next directional move in the index.
From a technical perspective, the immediate support for the index is placed in the 22,750–22,800 zone, while resistance is observed in the 23,050–23,100 range. The Relative Strength Index (RSI) is currently at 34.08 and is showing signs of recovery from oversold levels. While early indications of a rebound are visible, a sustained move above the mentioned resistance zone would be required to confirm strengthening momentum.
India VIX declined by 7.44% to close at 24.74, indicating easing volatility and reduced risk perception among market participants. In the derivatives segment, significant call writing was observed at the 23,000 strike, followed by the 23,200 strike. On the put side, notable writing was seen at the 22,900 and 22,800 strike levels.
| 20 Day EMA | 50 Day EMA | 100 Day EMA | 200 Day EMA |
|---|---|---|---|
| 23,885.35 | 24,682.50 | 25,056.58 | 25,020.52 |

Today, Bank Nifty prediction suggests a sideways range between 51100 and 51800, with strong support at 53700-53800 and resistance at 54300-54400. Traders should monitor these crucial levels closely for potential market shifts.
The Bank Nifty index witnessed strong buying interest during today’s trading session, reflecting improved investor sentiment. The index opened with a gap-up of 947.05 points at 52,384.80. In the first half of the session, it experienced selling pressure and declined to an intraday low of 51,827.50. Subsequently, buying momentum strengthened, leading to a sharp recovery. The index rallied 1,121.65 points from the day’s low to touch an intraday high of 52,949.15. It eventually settled at 52,605.65, registering a gain of 1,167.90 points, or 2.27 percent. On the technical front, the Bank Nifty index has formed a spinning top-like candlestick pattern on the daily timeframe, indicating market indecision. A decisive move above the high or below the low of this pattern is likely to determine the next directional trend.
Immediate support is placed in the 53,700–53,800 range, while resistance is seen at 54,300–54,400. The Relative Strength Index (RSI) stands at 31.37, suggesting that the index is still near the oversold zone. A sustained recovery from current levels would be required to confirm strengthening momentum.
The Sensex today prediction is projected to move in a sideways range, between 73500 and 74600. Key support is expected around 73500-73600, while resistance is likely near 74500-74600. Traders should monitor these crucial levels closely, as a breakout in either direction could signal a significant market move.
On 24th March 2026, the BSE Sensex closed sharply higher at 74,068.45, gaining 1,372 points (+1.89%), as markets witnessed a strong rebound driven by robust buying interest. The index opened with a gap-up of around 450 points, reflecting positive sentiment at the start; however, it faced early resistance at higher levels, leading to some intraday volatility. The benchmark later slipped to an intraday low of 73,084.46, where it found firm support and staged a solid recovery, eventually closing near the day’s highs.
Market sentiment improved notably in the latter half of the session, with broad-based buying across key sectors, indicating renewed confidence and short-covering following the recent phase of weakness.
From a technical perspective, the index has delivered a strong rebound from lower levels, highlighting active demand near support zones and signaling the possibility of a short-term base formation, provided follow-through buying continues in subsequent sessions.
On the technical front, the index continues to trade near key lower levels, reflecting a cautious undertone with limited upside visibility in the near term. The 73,500–73,600 band acts as an immediate demand zone where dip-buying interest may emerge on any pullback, while the 74,500–74,600range stands as the immediate resistance hurdle, where upside is likely to face supply pressure and profit booking.
Market Bias: With a strong recovery following recent weakness, the near-term outlook turns cautiously positive. However, the sustainability of the rally will depend on the index holding above key support levels and witnessing consistent follow-through buying on the upside to reinforce upward momentum.
Considering the ongoing geopolitical tensions, traders are advised to remain cautious near the key support and resistance levels and wait for a clear breakout on either side before initiating fresh directional trades.Top of Form
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