Nifty 50 and Sensex Predictions for July 7:

Today, the Indian stock market’s benchmark indices, Nifty 50 and Sensex, are expected to open on a subdued note. The global markets have shown weak signals, particularly due to uncertainty surrounding US President Donald Trump’s tariffs. According to the latest trends on Gift Nifty, the Indian market might experience a flat start. The Gift Nifty is trading around 25,536 points, reflecting a minor dip of 4 points from the previous Nifty futures’ close.

Nifty 50 and Sensex Predictions for July 7:

On the previous Friday, the domestic market broke its two-day losing streak, with the Nifty 50 maintaining a level above 25,400. The Sensex rose by 193.42 points (0.23%) to close at 83,432.89, while the Nifty 50 ended 55.70 points (0.22%) higher, closing at 25,461.00.

Sensex Prediction:

On the intraday charts, the Sensex is currently holding a lower top formation, indicating a bearish outlook. The weekly charts also reflect a negative trend. Despite this, short-term market behavior appears positive with traders waiting for either a breakout or a breakdown.

If the Sensex surpasses the immediate resistance zone of 83,600, it could rise to 84,100 and possibly up to 85,000 – 85,300 levels. However, if it falls below 83,000, the market could enter a bearish phase, with levels potentially sliding to 82,100 – 81,900.

Nifty 50 Prediction:

The Nifty 50 formed a small bullish candle with a long lower shadow on the daily chart, which indicates potential buying interest near the 25,300 support level. This may lead to a higher bottom formation if confirmed with further price movement.

On the weekly chart, Nifty formed a negative candle pattern after breaking out of the 24,500 – 25,200 range. The critical support for Nifty is seen around 25,300, and the upside target for the next week is around 25,700. If Nifty breaks above this level, the next target will be 26,200.

Bank Nifty Prediction:

The Bank Nifty index showed modest growth on Friday, gaining 239.95 points (0.42%) to close at 57,031.90. However, the weekly chart indicates a small bear candle formation, suggesting consolidation after the recent rally. The support level for Bank Nifty is expected at 56,000 – 55,500, and resistance is seen at 57,500. A move above 57,500 could push the index to 58,500 in the coming weeks.

What to Do Today:

Sensex: Watch the 83,600 level closely. If it breaks above, it could indicate a continuation of the uptrend.

Nifty 50: The 25,300 level will act as strong support. Watch for buying opportunities around this zone.

Bank Nifty: If Bank Nifty stays above 56,500, a bullish trend may continue.

Disclaimer:

The views and recommendations expressed above are those of individual analysts and do not represent the opinion of Big TV. Always consult with certified experts before making any investment decisions.

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