Market Prediction Today (11th July 2026)

Nifty Prediction Today

Today, Nifty 50 prediction suggests a Sideways to Bullish range between 23920 and 24450, with strong support at 23920-24000 and resistance at 24400-24450. Traders should monitor these crucial levels closely for potential market shifts.

Nifty Support and Resistance Level Today

• Nifty Support: 23920-24000
• Nifty Resistance: 24400-24450
• BIAS: Sideways to Bullish

Indian equity benchmark Nifty index witnessed a positive close on 09th July 2026 after rebounding from the sharp correction seen in the previous trading session. The index opened on a firm note and extended its gains during the first half of the session, supported by broad-based buying across sectors. Nifty climbed to an intraday high of 24,134.70, reflecting strong buying interest and improved market sentiment. However, profit booking emerged in the latter half of the session, trimming a portion of the gains. Despite this, the index managed to hold above the psychologically important 23,950 mark and eventually settled at 23,962.80, ending the day with a gain of 80.75 points or 0.34%. On the daily timeframe, the index formed a bullish candlestick with an upper shadow, indicating buying support at lower levels while also highlighting some resistance near higher levels. The price action suggests that the market remains in a consolidation phase with a positive bias.

From a technical perspective, immediate support is placed in the 23,750–23,800 zone, while resistance is observed in the 24,100–24,150 range. The index continues to trade above its key short-term moving averages, indicating that the broader structure remains constructive. Sustaining above the 23,900 level could encourage further upside momentum towards the 24,200 zone, while a breach below immediate support may lead to temporary consolidation. Market breadth remained healthy, with advancing stocks significantly outnumbering declining stocks, reflecting broader participation across segments. The broader market outperformed the benchmark indices, with the Nifty Midcap 100 rising 1.4% and the Nifty Smallcap 100 gaining 1.8%, indicating renewed risk appetite among investors.

Bank Nifty Prediction Today

Today, Bank Nifty prediction suggests a Sideways to Bullish range between 57300 and 58700 with strong support at 57300-57450 and resistance at 58400-58700 Traders should monitor these crucial levels closely for potential market shifts.

Bank Nifty Support And Resistance Today

• Bank Nifty Support: 57300-57450
• Bank Nifty Resistance: 58400-58700
• BIAS: Sideways to Bullish

The Bank Nifty index also participated in the broader market recovery and witnessed positive traction during the session, supported by strength in select private and PSU banking stocks. Buying interest in banking counters contributed to the outperformance of the Nifty PSU Bank Index, which advanced 1.62% during the day. The banking space remained relatively resilient despite some intraday volatility and continued to support the overall market sentiment. The broader trend in Bank Nifty remains constructive as the index continues to trade above its key support zones, indicating that buyers remain active on declines.

Markets witnessed a positive trading session with benchmark indices recovering from the previous day's weakness and ending comfortably in the green. Although profit booking during the latter half restricted stronger gains, the overall undertone remained positive due to broad-based sectoral participation and strong performance from the broader market. Realty, Media, PSU Banks, and Consumer Durables emerged as key leaders of the rally, while IT and Auto stocks lagged. Going forward, sustained strength above the immediate support zone could help Nifty challenge the 24,100–24,150 resistance band, while continued participation from broader markets and banking stocks may provide additional support to the ongoing recovery.

Sensex Prediction Today

Today, Sensex prediction suggests a Sideways range between 77000 and 78400, with strong support at 77000-77200 and resistance at 78200-78400. Traders should monitor these crucial levels closely for potential market shifts.

Sensex Support And Resistance Today

• Sensex Support: 77000-77200
• Sensex Resistance: 78200-78400
• BIAS: Sideways to Bullish

The BSE Sensex witnessed a strong rebound on 10th July 2026, supported by broad-based buying across frontline sectors after encouraging corporate earnings and improving market sentiment. The benchmark index opened at 77,395.63, above its previous close of 76,741.82, and extended gains throughout the session to touch an intraday high of 77,642.23. The index ended the day with a robust gain of 827.57 points (+1.08%), reflecting renewed investor confidence after the sharp correction witnessed in the previous few sessions.

The rally was primarily led by Information Technology stocks after Tata Consultancy Services (TCS) reported its June quarter earnings, which lifted sentiment across the IT pack. Buying interest also remained strong in Realty, Metal, Banking, Capital Goods, Commodities, Industrials, Financial Services, and Utilities, supporting the broader market recovery. On the other hand, FMCG, Healthcare, Telecommunication, Hospitals, Consumer Durables, and Auto underperformed the broader market, although they continued to trade in positive territory.

From a technical perspective, the outlook has improved considerably as the Sensex registered a strong closing above its 100-day Exponential Moving Average (EMA) on the daily timeframe, indicating strengthening bullish momentum. The weekly candlestick has formed a long lower wick, highlighting aggressive buying at lower levels and a healthy recovery after the sharp decline seen in the previous trading sessions. Momentum indicators are also turning favourable, with the Relative Strength Index (RSI) at 56.41, suggesting improving strength while still leaving room for further upside. Immediate support is placed around 77,000–76,900, while resistance is seen near 77,900–78,000. A sustained move above the resistance zone could trigger fresh buying momentum in the coming sessions.

Overall, the broader market trend remains constructive as strong institutional buying, improving technical structure, and positive earnings-driven sentiment continue to support equities. As long as the Sensex sustains above the 77,000 support zone, the index is likely to maintain its positive bias, with stock-specific action expected to dominate and further upside possible on continued participation from IT, banking, and cyclical sectors.

Indian VIX Prediction For Today

The RSI dropped sharply to 48.51 indicating weakening momentum. India VIX jumped to 14.68 with rise in 26.04%, reflecting a rise in market volatility and increased uncertainty among market participants. In the derivatives segment, significant Call Open Interest was concentrated at the 24,000 and 24,200 strikes, indicating immediate resistance, while notable Put Open Interest was observed at the 24,700 and 24,800 strikes, suggesting positional support at higher levels despite the sharp decline. Overall, the near-term outlook remains cautious, advised to closely monitor the 23,800 support zone.

Register to receive daily and weekly stock market predictions for the Nifty and Bank Nifty, including with range, support, and resistance levels.  Join Now