Nifty prediction is on every investor’s mind as we approach the upcoming trading session on Monday. After a week of volatility driven by global cues, quarter result sentiments, and mixed earnings results, investors are looking for clarity on whether the Indian stock market — particularly the Nifty 50 index — will see gains or corrections.
📈 Current Market Sentiment
The Nifty 50 ended with slight gains on Friday, supported by selective buying in IT, auto, and banking stocks. Technical indicators such as the Relative Strength Index (RSI) suggest that the index remains neutral, neither overbought nor oversold. This sets the stage for a potentially positive open, but several factors may influence Monday’s direction.
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✅ Factors Supporting a Bullish Outlook
Strong Corporate Earnings
Many Nifty-listed companies have reported better-than-expected Q4 earnings, boosting investor confidence.FIIs Turn Net Buyers
Foreign institutional investors (FIIs) have resumed buying after a brief pause, indicating renewed interest in Indian equities.Global Market Recovery
U.S. and Asian markets have shown signs of recovery, which often reflects positively on Indian equities.Stable INR and Crude Prices
A stable Indian Rupee against the dollar and declining crude oil prices reduce input costs and improve margins for companies, particularly in manufacturing and FMCG sectors.
⚠️ Factors That May Contradict Nifty Prediction
Election Uncertainty
The ongoing Lok Sabha elections 2024 may trigger market volatility due to policy uncertainty and investor speculation.Global Economic Headwinds
Concerns around a possible global economic slowdown, inflation data from the US, and China’s economic struggle may dampen sentiments.Technical Resistance Levels
The Nifty is nearing a key resistance zone around 23,000. If it fails to breach this level, a pullback may be expected.Profit Booking
After last week’s rally, traders might book profits on Monday, particularly in high-performing sectors like IT and pharma.- Rise in Covid Cases
📊 Technical Nifty Prediction for Monday
Support Level: 22,600
Resistance Level: 23,000
Trend: Mildly Bullish with Resistance Pressure
Volatility Index (India VIX): Slightly elevated, indicating cautious optimism
🧠 Expert Opinion
Market analysts suggest that unless there is a negative geopolitical or economic trigger over the weekend, Nifty may open flat to positive on Monday. However, intraday volatility cannot be ruled out, especially ahead of election-related announcements.
Moreover Nifty remained in a range bound between 23,850 to 24,900.
Final Thoughts on Nifty Prediction
While the Nifty prediction for Monday leans slightly bullish, investors should remain cautious due to potential contradicting factors. A mix of global cues, domestic developments, and technical resistance levels will play a crucial role in determining the market’s direction.
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