Nifty Prediction for Tomorrow, Today, Next Week, Months & Year

By TBS Team | May 23, 2024

In India, there are two primary market indexes – Sensex and Niffy. Sensex is a market index of the Bombay Stock Exchange (BSE) whereas nifty is the index launched by the National Stock Exchange (NSE). Keeping a close check on Nifty forecast can help you plan your investment smartly. Here, you will get Nifty Prediction for today, tomorrow, next week, months and whole financial year 2023-24.

Nifty Prediction tomorrow

What is Nifty?

NIFTY refers to a stock market index that is brought by the National Stock Exchange. But it is a combination of two terms – National Stock Exchange and Fifty devised by NSE on 21st April 1996. NIFTY 50 is a standard index and also the main highlight of NSE, which shows the top 50 equity stocks being traded in the stock exchange out of all stocks. Nifty is the term that changes continuously that’s why experts suggest to watch nifty performance before investing in stock market.

The stocks included in Nifty span across various domains of the Indian economy including information technology, financial services, entertainment and media, consumer goods, metals, pharmaceuticals, telecommunications, construction materials, pesticides and fertilizers, automobiles etc.


Nifty Prediction for Next 30 Days – Nifty Forecast this Month

Date Day Lowest Highest Value
01-05-2024 Wednesday 20892 24526 22709
02-05-2024 Thursday 20761 24371 22566
03-05-2024 Friday 20968 24614 22791
06-05-2024 Monday 20828 24450 22639
07-05-2024 Tuesday 20984 24634 22809
08-05-2024 Wednesday 21016 24672 22844
09-05-2024 Thursday 21046 24706 22876
10-05-2024 Friday 21226 24918 23072
13-05-2024 Monday 21373 25089 23231
14-05-2024 Tuesday 21226 24918 23072
15-05-2024 Wednesday 20876 24506 22691
16-05-2024 Thursday 20876 24506 22691
17-05-2024 Friday 20876 24506 22693
20-05-2024 Monday 20876 24506 22691
21-05-2024 Tuesday 20660 24254 22457
22-05-2024 Wednesday 20660 24254 22457
23-05-2024 Thursday 20762 24372 22567
24-05-2024 Friday 20740 24348 22544
27-05-2024 Monday 20881 24513 22697
28-05-2024 Tuesday 20880 24512 22696
29-05-2024 Wednesday 20955 24599 22777
30-05-2024 Thursday 20937 24579 22758
31-05-2024 Friday 20929 24569 22749
03-06-2024 Monday 21056 24718 22887
04-06-2024 Tuesday 21056 24718 22887

 

Nifty Prediction for Today

Here Nifty predicted for today is 22567 with slight changes, here you can check highest & lowest nifty for today and according to that you can invest in stocks.

Date Nifty Value Highest Lowest
23 May 2024 22567 24372 20762


Nifty Prediction for Tomorrow

Expected Nifty for tomorrow is 22544 with slight changes, here you can check highest & lowest nifty 50 prediction for tomorrow and according to that you can invest in stocks.

Date Nifty Value Highest Lowest
24 May 2024 22544 24348 20740


Tomorrow Nifty Prediction in detail

Tomorrow nifty index will stand at 22,544 indicating a prevailing positive trend. If you currently have long positions in the market, it is advisable to maintain these positions.

However, it’s essential to implement a daily closing stop loss strategy at 22,500 to manage risks effectively. For those considering fresh short positions, it is prudent to do so only if the NIFTY index closes below the 22,500 level.

Nifty Type Levels
Nifty Support 22500-22300
Nifty Resistance 22300-22500
Nifty Range 20740-24348
Bias Bullish


Bank Nifty Prediction for Tomorrow

Bank Nifty is a stock market index that represents the performance of banking sector on the National Stock Exchange of India (NSE). As Future Prediction of Bank Nifty involves a complex analysis of various factors, including economic indicators, interest rates, political developments, and global market trends. Here you can checkout nifty for tomorrow by experts :

Bank Nifty Type Levels
Bank Nifty Support 47600-47500
Bank Nifty Resistance 48100-48300
Bank Nifty Range 47600-48300
Bias Bullish


BSE Sensex Today

Open 74,253.53
High 75,013.34
Low 74,158.35
Current 74,964.23
Change +743.17
Previous Day Close 74,221.06


Top Gainers of Today – Top 5 Stocks

Top Stocks LTP Change% Volume
ADANIENT 3321.9 5.76 28,82,868
AXISBANK 1169 3.82 74,77,397
LT 3565 3.01 24,57,769
INDUSINDBK 1439.25 2.44 35,26,331
MARUTI 12826.4 2.35 2,47,561

 

Losers of Today – Top 5 Stocks

Top Stocks LTP Change% Volume
SUNPHARMA 1491.05 -3.13 81,03,671
POWERGRID 316.75 -2.76 2,32,72,090
HINDALCO 671.3 -1.94 32,63,568
COALINDIA 495.4 -1.26 86,29,898
NTPC 370.4 -0.92 74,82,019


Top Firms Listed Under Nifty

Business LTP Industrial Domain 1 Year Trend
YES Bank 47.4 Banking -20.33%
Ibull Housing Fin 197.95 Financial Services 0.04%
Eicher Motors 20491.85 Automobile 40.76%
Tata Motors 139.5 Automobile 11.785
IndusInd Bank 1340.1 Banking -41.77%
SBI 265.45 Banking and Financial Services -27.825
Coal India Ltd. 199.4 Energy and Mining 39.08%
Asian Paints 1812.3 Consumer goods 86.32%
Tata Steel 356.1 Metals 13.96%
Bajaj Auto 3111.5 Automobiles 18.35%


Nifty Forecast for 1 Month  – Market predicted at 1st day of the Month

In 1st week

NIFTY 50 prediction on Thursday, May, 2: index value 22566, maximum 24371, minimum 20761. Expected NIFTY futures prediction on Friday, May, 3: index value 22791, maximum 24614, minimum 20968. NIFTY on Monday, May, 6: index value 22639, maximum 24450, minimum 20828. NIFTY on Tuesday, May, 7: index value 22809, maximum 24634, minimum 20984.

In 2nd week

NIFTY on Wednesday, May, 8: index value 22844, maximum 24672, minimum 21016. Tomorrow market prediction on Thursday, May, 9: index value 22876, maximum 24706, minimum 21046. NIFTY on Friday, May, 10: index value 23072, maximum 24918, minimum 21226. NIFTY 50 prediction on Monday, May, 13: index value 23231, maximum 25089, minimum 21373. NIFTY on Tuesday, May, 14: index value 23072, maximum 24918, minimum 21226.

In 3rd week

NIFTY on Wednesday, May, 15: index value 22691, maximum 24506, minimum 20876. NIFTY on Thursday, May, 16: index value 22691, maximum 24506, minimum 20876. Tomorrow market prediction on Friday, May, 17: index value 22691, maximum 24506, minimum 20876. NIFTY forecast on Monday, May, 20: index value 22691, maximum 24506, minimum 20876. NIFTY 50 prediction on Tuesday, May, 21: index value 22457, maximum 24254, minimum 20660.

In 4th week

NIFTY on Wednesday, May, 22: index value 22457, maximum 24254, minimum 20660. Tomorrow market prediction on Thursday, May, 23: index value 22567, maximum 24372, minimum 20762. NIFTY on Friday, May, 24: index value 22544, maximum 24348, minimum 20740. Future NIFTY 50 prediction on Monday, May, 27: index value 22697, maximum 24513, minimum 20881. NIFTY on Tuesday, May, 28: index value 22696, maximum 24512, minimum 20880.

In 5th week

NIFTY tomorrow on Wednesday, May, 29: index value 22777, maximum 24599, minimum 20955. Expected NIFTY on Thursday, May, 30: index value 22758, maximum 24579, minimum 20937. NIFTY prediction for tomorrow by experts on Friday, May, 31: index value 22749, maximum 24569, minimum 20929.


Nifty Prediction for Next Week

Date Day Minimum Maximum Value
20-05-2024 Monday 20876 24506 22691
21-05-2024 Tuesday 20660 24254 22457
22-05-2024 Wednesday 20660 24254 22457
23-05-2024 Thursday 20762 24372 22567
24-05-2024 Friday 20740 24348 22544
27-05-2024 Monday 20881 24513 22697
28-05-2024 Tuesday 20880 24512 22696

Important – Apart from this, you can also invest in gold by watching our very close gold rate prediction page.


Nifty 50 Prediction for 1 Year – Monthly Nifty Forecast

Predicting the Nifty 50 future performance over the next year is challenging, influenced by global economic trends, geopolitical events, and market sentiment. After the analysis of various factor we have added here nifty futures prediction for one year.

Year Month Average Closing Changes%
2024 January 21749 22070 11.84%
2024 February 21984 21955 11.26%
2024 March 21801 21749 10.21%
2024 April 21350 21162 7.24%
2024 May 20662 20366 3.20%
2024 June 20846 21115 7.00%
2024 July 21876 22413 13.58%
2024 August 22017 21840 10.67%
2024 September 22031 22095 11.97%
2024 October 23330 24322 23.25%
2024 November 23639 23188 17.51%
2024 December 22683 22402 13.52%

How the calculation of Nifty is done?

A group of experts at the NSE Indices Limited oversee the NIFTY share index. It established an Index Advisory Committee to provide knowledge and direction on significant matters pertaining to stock indexes.

The market capitalization and float-adjusted methods calculate the NIFTY 50 indexes. In this method, the index level represents the total market value of the stocks included in the index during a given base period. A NIFTY 50 index’s base period falls on November 3, 1995 at which time the index’s base value is set at 1000 and its base capital is Rs. 2.06 trillion.

Here is The price index calculation formula for Nifty :

The index value determines dividing the current market value by (Base Market Capital * 1000).

The technique used to calculate indexes also takes changes in corporate actions into account, such as stock splits and the issuing of rights, among other things.

All equities markets in India are compared to the NIFTY share market index as a benchmark. As a result, NSE regularly maintains the index to guarantee that it is stable and continues to serve as the benchmark for the Indian stock market.


FAQs

What is NIFTY 50?

NIFTY50 refers to a standard index showcasing the top 50 firms listed in National Stock Exchange (NSE). Their value is determined on the basis of free-float Market Capitalization.

How the selection of stocks is done for NIFTY 50?

The top 50 large-cap businesses listed on the NSE are included in the Index based on their free float capitalization mechanism. The NIFTY50 criteria changes every six months to make sure they apply to all the scripts.

What do Nifty Futures and Options mean?

The NIFTY50 Index serves as the underlying asset for Nifty’s forward contracts in the derivatives market. Futures contracts for Nifty have an obligation to purchase and sell the index, whereas options carry a right but not a duty to do so.

Disclaimer – This information is just for education and research purpose. This is not a research advisory.

Disclaimer: This blog is written for educational purpose only. Data, Securities, Advisory and Quotes mentioned here are for guidance only. Doing research by investors itself is highly recommended.

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