Market Prediction Today (4th July 2026)

Nifty Prediction Today

Today, Nifty 50 prediction suggests a Sideways range between 24050 and 24500, with strong support at 24050-24130 and resistance at 24450-24500. Traders should monitor these crucial levels closely for potential market shifts.

Nifty Support and Resistance Level Today

• Nifty Support: 24050-24130
• Nifty Resistance: 24450-24500
• BIAS: Sideways to Bullish

Indian equity benchmark Nifty index witnessed a strong positive close on 2nd July 2026, extending its gaining streak for another session. Supported by robust buying in Information Technology stocks and strength across broader markets, the index opened on a firm note and maintained its upward momentum throughout the trading session. After a gap-up start, Nifty steadily advanced towards the 24,200 mark, aided by sustained buying in IT, Auto and Realty stocks. The index eventually settled near the day's high at 24,175.70, ending the session with a gain of 169.85 points or 0.71%. On the daily timeframe, the index formed a strong bullish candlestick pattern, indicating continued buying interest and strengthening market sentiment. The formation suggests that bulls remain firmly in control and that the ongoing recovery is gaining traction.

On the daily timeframe, Nifty formed a bullish candlestick pattern, indicating renewed buying interest after the recent corrective phase. The formation suggests that buyers are gradually regaining control near lower levels and that the index is attempting to build a base above the crucial 23,800 support zone. The successful reclaiming of the 24,000 mark has improved near-term sentiment and may support further upside if follow-through buying emerges in the coming sessions

Bank Nifty Prediction Today

Today, Bank Nifty prediction suggests a Sideways range between 57400 and 59000  with strong support at 57400-57500 and resistance at 58800-59000 Traders should monitor these crucial levels closely for potential market shifts.

Bank Nifty Support And Resistance Today

• Bank Nifty Support: 57400-57500
• Bank Nifty Resistance: 58500-59000
• BIAS: Sideways to Bullish

The Bank Nifty index witnessed a relatively subdued session compared to the benchmark indices, as profit booking in PSU banking stocks limited the upside despite the positive undertone in the broader market. The index traded with a positive bias during the session, supported by selective buying in private banking stocks, but underperformed the IT-led rally witnessed in the benchmark indices.

On the daily timeframe, Bank Nifty formed a mild doji negative candlestick pattern, indicating that the index continues to hold its higher-level consolidation despite intermittent profit booking. The overall structure remains constructive as long as key support levels remain intact, suggesting that banking stocks may continue to provide stability to the broader market.

From a technical perspective, immediate support for Bank Nifty is placed in the 57,400–57,500 zone, while resistance is observed in the 58,800–59,000 range. Sustaining above support levels could keep the bullish structure intact, while a breakout above resistance may trigger fresh upward momentum in the banking space.

Overall, the market witnessed a strong and broad-based rally, driven primarily by a sharp rebound in Information Technology stocks after a prolonged decline. Positive participation from Auto, Realty and Consumer-oriented sectors, coupled with strong breadth in midcap and smallcap stocks, further strengthened market sentiment. The breakout above recent consolidation levels and sustained trading above key moving averages indicate improving momentum. Going forward, continued strength above the 24,000 support zone could pave the way for a move towards 24,300–24,500, while support levels remain crucial for maintaining the current bullish bias.

Sensex Prediction Today

Today, Sensex prediction suggests a Sideways range between 77000 and 78500, with strong support at 77000-77100 and resistance at 78400-78500. Traders should monitor these crucial levels closely for potential market shifts.

Sensex Support And Resistance Today

• Sensex Support: 77000-77100
• Sensex Resistance: 78400-78500
• BIAS: Sideways to Bullish

The BSE Sensex ended the week on a positive note, closing at 77,763.91, up 261.79 points (+0.34%). The index opened on a firm note at 78,152.34 and touched an intraday high of 78,157.52 in the opening session. However, profit booking at higher levels dragged the index lower towards an intraday low of 77,710.01 before recovering marginally to settle at 77,763.91.

Technically, Sensex continues to trade above its short-term moving averages and remains in a higher high-higher low formation on the daily chart, indicating that the broader trend remains constructive despite intraday volatility. However, the index witnessed selling pressure near the 78,150–78,200 zone, suggesting that higher levels continue to attract profit booking. On the intraday chart, the index consolidated after the initial decline and managed to hold above its key moving averages, indicating buying interest on dips. The RSI on the daily chart remains above the 60 mark, reflecting sustained positive momentum, although the intraday RSI cooled off after the early rally, hinting at a phase of consolidation.

Sector-wise, buying interest was witnessed in Information Technology, Auto, Healthcare, Consumer Durables, Metal, Realty and FMCG stocks, which supported the benchmark. On the other hand, Capital Goods, Industrials, PSU Banks, Power and Utilities remained under pressure and capped the overall upside.

Going ahead, 77,000–77,100 will act as an immediate support zone for Sensex. As long as the index sustains above this level, the overall undertone is likely to remain positive and a move towards 78,400–78,500 cannot be ruled out. However, any decisive breach below 77,000 may trigger fresh profit booking and lead to short-term consolidation

Indian VIX Prediction For Today

From a technical perspective, immediate support is placed in the 23,800–23,900 zone, while resistance is observed in the 24,150–24,200 range. A sustained move above 24,200 could revive bullish momentum and pave the way for an advance towards the 24,400 zone. Conversely, failure to hold above 24,000 may once again expose the index to selling pressure towards the 23,800 support area. The overall market texture remains range-bound, with traders awaiting a decisive breakout for the next directional move. Broader market participation remained encouraging, with midcap and smallcap indices gaining around 0.35% each, reflecting improved risk appetite among investors.

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