Nifty Prediction For Monday By Experts: The Indian stock market ended the week with marginal gains, reflecting a volatile and range-bound trading environment amid mixed global and domestic cues. Across the four trading sessions, indices witnessed sharp swings, alternating between gains and losses, highlighting the absence of a clear directional trend.
The week began on a positive note, supported by easing geopolitical tensions and steady progress in Q4 earnings, which lifted initial sentiment. However, gains were gradually capped by rising crude oil prices, weak cues from Asian markets, and persistent foreign institutional investor (FII) outflows. Additional pressure from a weakening rupee kept
sentiment cautious.
Both benchmark indices, Nifty and Sensex, rose nearly half a percent to close at
23,997.55 and 76,913.50, respectively.
Nifty Outlook For Next Week | Nifty Prediction
Ajit Mishra – SVP, Research, Religare Broking, said that the ongoing consolidation reflects a lack of conviction among participants amid mixed cues, although this phase is likely to resolve soon. A decisive break below 23,800 could trigger further downside towards 23,500 initially and then towards 23,100 (gap area).
On the upside, the 24,400–24,800 zone is expected to act as a strong resistance band, the expert said.
Nifty Support And Resistance For Monday | Nifty Prediction
Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities, said that Nifty has formed a small candle was formed at the lows on the daily chart with small upper and long lower shadow. This market action signals a formation of Doji pattern, which indicates an emergence of buying from the supports.
"Nifty is currently placed within a high low range of 23800-24300 levels. Having bounced back from the lower range, there is a higher chance of Nifty moving towards the upper range of 24300 by next week," the expert said.
Nifty RSI, PCR | Nifty Prediction
Nifty RSI is hovering around 50, highlighting lack of strong momentum and a neutral bias.
From a derivatives perspective, PCR stands near 0.86, indicating a slightly cautious undertone.
Nifty OI Data | Nifty Prediction
Nifty's option data shows call writing concentrated around 24,200–24,500, capping the upside, while the put writing near 23,800–23,500 continues to provide a strong support base.
"Overall, Nifty is consolidating within a defined range, with 23,750 acting as strong support and 24,250 as immediate resistance. A breakout on either side of this range will be key for the next directional move, till then a range trading strategy remains favorable," Dhupesh Dhameja, Derivatives Research Analyst, SAMCO Securities, said.
