

The Nifty 50 opened with an 80-point gap-up but traded in a narrow sideways range throughout the session, indicating consolidation and indecisive market sentiment. Technically, the index continues to face resistance in the 26,050–26,100 zone, while immediate support is placed in the 25,800–25,850 range.
Nifty prediction suggests a sideways to bullish movement, with a range between 25800 and 26100. Key support levels are at 25800-25850 while resistance lies at 26050-26100. Traders are advised to watch these critical levels closely for potential market shifts.

The Bank Nifty also opened marginally higher with a 160-point gap-up and corrected to the day’s low of 60,444.65 before staging a recovery and finally closing at 60,745.35, suggesting buying interest emerging at lower levels and a mild intraday reversal. Resistance is seen at 60,950–61,050, while support is positioned at 60,450–60,550. The daily RSI at 60.68 reflects a positive momentum bias, though not in overbought territory.
Bank Nifty prediction suggests a sideways to bullish movement, with a range between 60300 and 61000. Key support levels are at 60300-60400, while resistance lies at 60900-61000. Traders are advised to watch these critical levels closely for potential market shifts.
Sensex prediction suggests a sideways to bullish movement, with a range between 83700 and 84800. Key support levels are at 83700-83800, while resistance lies at 84700-84800. Traders are advised to watch these critical levels closely for potential market shifts.
Midcapnifty prediction suggests a sideways to bullish movement, with a range between 60350 and 61250. Key support levels are at 61150-61250, while resistance lies at 60350-60450. Traders are advised to watch these critical levels closely for potential market shifts.
Market volatility eased further, with India VIX declining 1.01% to 11.54, indicating a calmer market environment and reduced fear among participants.
Prediction given by Technical Research Team - Choice.
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