Share Market Prediction for Monday: Nifty, Bank Nifty & Sensex Outlook

Nifty Prediction for Monday

From a technical perspective, the broader market structure continues to remain constructive. NIFTY has retraced towards the 50% Fibonacci retracement level of 24,190, and any further correction towards the 50%–61.8% retracement zone of 24,190–24,054 should be viewed as a buying opportunity, as we believe this is the maximum downside likely in the current corrective phase. The ongoing pullback appears to be a healthy retracement rather than a reversal of the broader uptrend. We maintain our bullish stance and expect the index to regain momentum on a sustained move above 24,500, which could gradually pave the way towards 25,000 and higher levels in the coming weeks. As long as the 24,050–24,190 zone holds, dips should continue to be used to build fresh positions.

Nifty 50 Monday's Outlook

• Nifty Support: 24,190 → 24,054 → 24,050
• Nifty Resistance: 24,500 → 25,000
• Market BIAS: Bullish – Buy on Dips

Bank Nifty Prediction for Monday

Bank Nifty remained in a consolidation phase during the week and is currently forming a symmetrical triangle pattern, indicating a potential breakout on either side. A sustained move above 58,000 is likely to trigger fresh buying momentum and could lead to a rally towards 59,000–59,500 in the coming sessions. On the downside, the 57,000 level, which coincides with the rising trendline support, remains crucial. A decisive breach of this support could extend the ongoing consolidation and keep the index under pressure. We maintain a cautiously bullish stance as long as the broader structure remains intact.

Bank Nifty Monday's Outlook

• Bank Nifty Support: 57,000
• Bank Nifty Resistance: 58,000 → 59,000 → 59,500
• Market BIAS: Cautiously Bullish – Breakout Above 58,000

Sensex Prediction for Monday

Sensex closed at 78,009.25, down 70.71 points (-0.09%), after a lacklustre session marked by narrow-range price action and limited directional conviction. The index continues to trade below the 200-EMA near 78,602, keeping the broader trend under pressure, while it remains comfortably above the 50-EMA around 77,382, providing near-term structural support. Importantly, the index is holding above the previous week’s low, indicating that the recent correction has not yet developed into a deeper breakdown. Momentum remains subdued, with RSI at 53.12, below its average of 57.19, signalling fading momentum. 78,300–78,600 remains the key supply zone, while 77,700–77,400 forms the immediate support base.

Sensex Monday's Outlook

• Sensex Support: 77,700 → 77,400
• Sensex Resistance: 78,300 → 78,600
• Market BIAS: Cautious – Below Key Resistance