Market Prediction Today (3rd August 2026)

Nifty Prediction Today

Today, Nifty 50 prediction suggests a Sideways to Bullish range between 24200 and 24550, with strong support at 24200-24250 and resistance at24500-24550 Traders should monitor these crucial levels closely for potential market shifts.

Nifty Support and Resistance Level Today

• Nifty Support: 24200-24250
• Nifty Resistance: 24500-24550
• BIAS: Sideways to Bullish

Indian equity benchmark Nifty 50 ended the session on a positive note, closing at 24,317.15, up 66.95 points (+0.28%), after a range-bound yet constructive trading session. The index opened flat at 24,249.55 and remained confined within a narrow range during the first half, as the 24,250 Strike, which carried the highest Max Pain in Open Interest, acted as a strong resistance zone. Fresh buying interest emerged in the second half, enabling the index to decisively cross the 24,250 mark and extend gains towards an intraday high of 24,342.95 before settling near the day's highs. On the daily chart, Nifty formed a bullish green candle for the fifth consecutive session, reflecting sustained buying interest and strengthening market sentiment after the recent correction.

From a technical perspective, the RSI improved to 57.66, indicating strengthening bullish momentum. As long as the index sustains above the 24,150–24,200 support zone, Nifty is likely to extend its recovery towards the 24,500 mark, with the overall outlook remaining positive.

Bank Nifty Prediction Today

Today, Bank Nifty prediction suggests a Sideways to Bullish range between 56950 and 57550 with strong support at 56950-57050 and resistance at 57450-57550 Traders should monitor these crucial levels closely for potential market shifts.

Bank Nifty Support And Resistance Today

• Bank Nifty Support: 56950-57050
• Bank Nifty Resistance: 57450-57550
• BIAS: Sideways to Bullish

Bank Nifty ended the session at 57,147.50, down 58.40 points (-0.10%), after a volatile trading day in which early selling dragged the index lower before strong buying emerged near the 56,800 zone, helping it recover most of the intraday losses and consolidate around 57,000. On the daily chart, the index formed a pin bar-like candlestick after taking support near the 50-day EMA, indicating strong buying interest at lower levels. However, it still needs to sustain above immediate resistance to confirm stronger bullish momentum.

Overall, the benchmark indices ended the session on a constructive note, with Nifty extending its winning streak to a fifth consecutive session while Bank Nifty continued to consolidate above key support levels. Improving momentum indicators and sustained buying at lower levels suggest that the broader market sentiment remains favourable despite selective profit booking. As long as crucial support zones remain intact, a buy-on-dips approach is likely to remain the preferred strategy. A decisive breakout above the immediate resistance levels could further strengthen bullish momentum and pave the way for the next leg of the ongoing recovery, keeping the near-term outlook Sideways to Bullish.

iction Today

Today, Sensex prediction suggests a Sideways to Bullish range between 77700 and 78500, with strong support at 77700-77100 and resistance at 78400-78500 Traders should monitor these crucial levels closely for potential market shifts.

Sensex Support And Resistance Today

• Sensex Support: 77700-77100
• Sensex Resistance: 78400-78500
• BIAS: Sideways to Bullish

The BSE Sensex ended 166.49 points higher (+0.21%) at 78,094.64, extending its winning streak for the third consecutive session, while the Nifty 50 closed above the 24,350 mark at 24,383.60, supported by strong buying in financial, auto, and select heavyweight stocks. Although the benchmarks surrendered a part of their intraday gains due to profit booking, the overall market sentiment remained constructive, with broader markets continuing to outperform.

The rally was primarily driven by strength in Bajaj Finance, Bajaj Finserv, Jio Financial, Mahindra & Mahindra, and Adani Ports, while IT stocks remained under pressure, with TCS, Infosys, Wipro, and other technology counters witnessing profit booking after their sharp rally in July. The Nifty IT index ended lower as investors booked profits following its strong monthly outperformance.

Sectorally, Media, Auto, Oil & Gas, Energy, Pharma, Infrastructure, and PSU Banks led the gains, reflecting broad-based participation across domestic-focused sectors. The broader market remained resilient, with Midcap and Smallcap indices outperforming the benchmark indices, indicating healthy risk appetite among investors despite selective weakness in IT.

From a technical perspective, the Sensex continues to maintain a positive structure, with 77,800–77,600 acting as the immediate support zone. As long as the index holds above this range, the overall trend is expected to remain bullish. On the upside, 78,300–78,500 remains the immediate resistance zone, and a sustained breakout above these levels could trigger the next leg of the rally towards 78,800–79,000.

Overall, the undertone for the market remains constructive, supported by strong domestic participation and improving breadth. However, profit booking at higher levels and weakness in the IT sector may continue to create intermittent volatility. Traders should closely monitor the 24,400 level on the Nifty and 78,300 on the Sensex, as a decisive move above these levels could strengthen bullish momentum, while holding above key support zones would keep the medium-term outlook positive

Indian VIX Prediction For Today

The Nifty PCR stood at 1.14, reflecting a balanced-to-positive derivatives setup and supporting the ongoing recovery. Meanwhile, India VIX edged higher to 12.15 up by 1.23%, indicating a marginal rise in volatility while remaining at comfortable levels. Sector-wise, Auto, IT, and Media emerged as the top-performing sectors during the session, reflecting continued buying interest. On the other hand, Realty, Chemicals, and Financial Services witnessed profit booking and underperformed, indicating selective sector rotation

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