Yesterday’s trading session, Nifty 50 showed strong bullish momentum as the index jumped nearly 277 points and closed around 23,689, gaining about 1.18%.
At the same time, Sensex also witnessed a sharp recovery and closed near 75,398 with a gain of nearly 789 points (+1.26%). Overall, both major Indian indices showed strong upward movement and positive market sentiment during the previous trading session.
If we look at Gift Nifty, at the time of writing this article, it is currently trading around 23,755, gaining nearly 26 points (+0.11%). This indicates that today’s market may open with slightly positive sentiment, but overall movement could remain limited or sideways unless strong momentum enters the market after opening.
Nifty 50 Prediction Today
Yesterday’s trading session, Nifty 50 showed strong bullish momentum as the index gained nearly 277 points and closed around 23,689, which was an increase of about 1.18%.
From a technical point of view, the market is still showing a sideways structure because the price continues trading inside an important support and resistance range.
Support Level: 23,300
Resistance Level: 24,300
On the daily time frame, the market is still trading below the 20 EMA, which indicates that broader sentiment remains slightly weak. At the same time, the RSI is around 43.67, which reflects mild selling pressure along with sideways market movement.
Sensex Prediction Today
If we look at Sensex from a technical perspective, the market is currently trading below an important support zone and continues showing weakness on the 4-hour time frame.
The index is trading below the 20 EMA, indicating that the broader trend remains bearish. At the same time, the RSI is around 39.98, reflecting active selling pressure along with a possibility of slight sideways movement in the market.
Important Levels
Resistance: 78,600
Support: 76,098
Overall, the market structure is still showing a downtrend with sideways volatility.
NIFTY Bank Prediction Today
In the previous trading session, NIFTY Bank showed a recovery, gaining nearly 672 points to close around 54,128, an increase of about 1.26%.
However, if we look at the technical structure on the 4-hour time frame, the market is still trading below important support zones and also below the 20 EMA, which indicates that the broader sentiment remains weak with a mix of downtrend and sideways movement.
The RSI is around 42.84, which is showing sideways momentum along with mild selling pressure in the banking sector.
Important Levels
Support: 54,600
Resistance: 56,200
Overall, NIFTY Bank is currently showing a downtrend-to-sideways structure.
Disclaimer
This article on namos.in is based mainly on my own market analysis, technical observation, and trading experience. I have also taken some help from AI tools to organize and present the information more clearly. Every important detail and market view shared in this article has been personally verified before publishing. This content is only for educational and informational purposes. Stock market investing and trading involve financial risk, and any profit or loss will be completely your own responsibility. Readers should do their own research or consult a certified financial advisor before taking any investment or trading decisions.
