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

Nifty Prediction for Tomorrow

Nifty closed at 24,219.05, slightly lower, as it continues to move sideways within a triangle pattern that has been forming since March, with resistance around 24,330–24,420 and support near 24,060. For the last 3 days, Nifty has managed to hold above its 100 EMA and above the previous two days' lows, which is a sign of strength. If Nifty closes above 24,330, it can be seen as a breakout, with immediate upside levels expected at 24,460/24,600. If Nifty closes below 24,060, it can be seen as a breakdown, leading to selling pressure and a move towards 23,900/23,700. As the triangle pattern gets narrower, these levels will be key in deciding Nifty's next directional move.

Nifty 50 Tomorrow's Outlook

• Nifty Support: 24,060 → 23,900 → 23,700
• Nifty Resistance: 24,330 → 24,420 → 24,460 → 24,600
• Market BIAS: Sideways – Breakout Above 24,330 or Breakdown Below 24,060

Bank Nifty Prediction for Tomorrow

Nifty Bank closed at 57,525, down 241 points from the previous day's close. Over the last 22 days, the index has been consolidating in a range between 57,000 and 58,200, following a major breakout on the weekly chart. For the last 3 days, it has managed to close above the 200 SMA on the daily chart and has also held above the previous two days' lows, indicating underlying strength despite today's dip.

A sustained close above 57,820 will be considered a breakout, opening up upside levels towards 58,600/59,400. On the other hand, a sustained close below 57,400 will turn it into a selling zone, dragging the index down towards 56,900/56,400.

The weekly chart structure remains bullish, and as per the breakout, Nifty Bank is poised for bigger targets at 59,000/60,500/61,300 over the coming period.

Bank Nifty Tomorrow's Outlook

• Bank Nifty Support: 57,400 → 56,900 → 56,400
• Bank Nifty Resistance: 57,820 → 58,600 → 59,400
• Market BIAS: Sideways with a Bullish Weekly Structure

Sensex Prediction for Tomorrow

Sensex is currently trading at 77,540, closing 3 points positive for the day. The daily chart is showing a pattern of higher highs and higher lows, which indicates underlying strength and supports a buy-on-dips approach.

On an intraday basis, a sustained move above 77,750 for 15 to 20 minutes can open up levels towards 78,250/78,900. Conversely, a sustained move below 77,400 for 15 to 20 minutes can trigger selling pressure, dragging the index down towards 76,800/76,200.

On the delivery/positional chart, as long as the index manages to hold above its previous swing low of 75,550, Sensex can technically be expected to move towards 80,500/82,700 over the medium term.

Sensex Tomorrow's Outlook

• Sensex Support: 77,400 → 76,800 → 76,200 → 75,550
• Sensex Resistance: 77,750 → 78,250 → 78,900
• Market BIAS: Bullish – Buy on Dips