

The Nifty 50 opened on a weak footing and attempted a recovery, scaling an intraday high of 26,273.95. However, the index failed to sustain higher levels and slipped below 26,150 due to profit booking. It later staged a modest rebound to close near 26,178, indicating bargain buying at lower levels and limited downside momentum. Immediate resistance is placed in the 26,300–26,350 zone, while key support lies at 26,000–26,050.
Nifty prediction suggests a sideways to bullish movement, with a range between 26000 and 26350. Key support levels are at 26000-26050 while resistance lies at 26300-26350. Traders are advised to watch these critical levels closely for potential market shifts.

The Bank Nifty opened flat and moved higher to an intraday peak of 60,305, before slipping below 60,100. Buying interest at lower levels helped the index recover, allowing it to close at 60,118. The price action suggests consolidation with a positive undertone, despite temporary intraday weakness. Immediate resistance is seen at 60,400–60,500, while the 59,800–59,900 zone remains a critical support for near-term stability. On the daily chart, the RSI at 65.99 continues to rise, supporting a buy-on-dips strategy with strict stop-loss discipline.
Bank Nifty prediction suggests a sideways to bullish movement, with a range between 59800 and 60500. Key support levels are at 59800-59900, while resistance lies at 60400-60500. 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 84500 and 85600. Key support levels are at 84500-84600, while resistance lies at 85500-85600. 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 60700 and 61600. Key support levels are at 60700-60800, while resistance lies at 61500-61600. Traders are advised to watch these critical levels closely for potential market shifts.
Volatility remained subdued, with India VIX marginally lower by 0.005% to 10.01, indicating stable market expectations and an absence of panic. From a derivatives perspective, heavy call writing at the 26,200 strike establishes it as a key pivot and short-term resistance level. Going ahead, a sustained close above the 26,300 zone would be required to revive bullish momentum in the Nifty. Failure to reclaim this level may keep the market in a consolidation-to-corrective phase in the near term.
Prediction given by Technical Research Team - Choice.
Register to receive daily & weekly stock market predictions for the Nifty 50 and Bank Nifty, including tomorrow market prediction with range, support, and resistance levels - Join Now



