Last updated on: December 11, 2023
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 market index launched by the National Stock Exchange (NSE). Whether you are a trader or an investor, keeping a close check on the Nifty prediction or Nifty forecast can help you plan your investment smartly. This is why most people look at Nifty forecast for stock market prediction. In this Article, you will get Nifty Forecast or Nifty Prediction for tomorrow, today, next week, months and whole financial year 2023-24.
What is Nifty?
NIFTY refers to a stock market index that is brought by the National Stock Exchange. 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 & nifty prediction for tomorrow and next week 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, financial services, metals, pharmaceuticals, telecommunications, construction materials, pesticides and fertilizers, automobiles, power, and other services.
Nifty Prediction for Next 30 Days – Nifty Forecast this Month
Date | Day | Lowest | Highest | Value |
04-12-2023 | Monday | 19325 | 20140 | 19938 |
05-12-2023 | Tuesday | 19792 | 21016 | 20404 |
06-12-2023 | Wednesday | 19828 | 21054 | 20441 |
07-12-2023 | Thursday | 20034 | 21274 | 20654 |
08-12-2023 | Friday | 20130 | 21376 | 20753 |
11-12-2023 | Monday | 20130 | 21376 | 20753 |
12-12-2023 | Tuesday | 20123 | 21367 | 20745 |
13-12-2023 | Wednesday | 20113 | 21357 | 20735 |
14-12-2023 | Thursday | 20142 | 21388 | 20765 |
15-12-2023 | Friday | 20233 | 21485 | 20859 |
18-12-2023 | Monday | 20194 | 21444 | 20819 |
19-12-2023 | Tuesday | 20160 | 21408 | 20784 |
20-12-2023 | Wednesday | 20253 | 21505 | 20879 |
21-12-2023 | Thursday | 20494 | 21762 | 21128 |
22-12-2023 | Friday | 20494 | 21762 | 21128 |
25-12-2023 | Monday | 20514 | 21782 | 21148 |
26-12-2023 | Tuesday | 20546 | 21816 | 21181 |
27-12-2023 | Wednesday | 20494 | 21762 | 21128 |
28-12-2023 | Thursday | 20533 | 21803 | 21168 |
29-12-2023 | Friday | 20527 | 21797 | 21162 |
01-01-2024 | Monday | 20720 | 22002 | 21361 |
02-01-2024 | Tuesday | 20826 | 22114 | 21470 |
03-01-2024 | Wednesday | 20984 | 22282 | 21633 |
04-01-2024 | Thursday | 20884 | 22176 | 21530 |
05-01-2024 | Friday | 20817 | 22105 | 21461 |
So, whether you are looking for nifty prediction for today, nifty prediction tomorrow, nifty prediction for next week, you can refer to the mentioned information for better reference.
Nifty Prediction for Today
Nifty prediction for today is 20753 with slight changes, here you can check highest & lowest nifty for today and according to that you can invest in stocks.
Nifty Forecast for Today | |||||
Date | Nifty Value | Highest | Lowest | ||
11 December 2023 | 20753 | 21376 | 20130 |
Nifty Prediction for Tomorrow
Nifty prediction for tomorrow is 20745 with slight changes, here you can check highest & lowest nifty 50 prediction for tomorrow and according to that you can invest in stocks.
Nifty Forecast for Tomorrow | |||||
Date | Nifty Value | Highest | Lowest | ||
12 December 2023 | 20745 | 21367 | 20123 |
Tomorrow Nifty Prediction in detail
Tomorrow nifty index will stand at 20,745 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 20,700 to manage risks effectively. For those considering fresh short positions, it is prudent to do so only if the NIFTY index closes below the 20,700 level.
Nifty Type | Levels |
---|---|
Nifty Support | 20600-20700 |
Nifty Resistance | 20700-20800 |
Nifty Range | 20130-21376 |
Bias | Sideways to Bullish |
Bank Nifty Prediction for Tomorrow
Bank Nifty Type | Levels |
---|---|
Bank Nifty Support | 46500-46600 |
Bank Nifty Resistance | 47200-47500 |
Bank Nifty Range | 46600-47200 |
Bias | Sideways to Bullish |
Top Gainers of Today – Top 5 Stocks
Top Stocks | LTP | Change% | Volume |
---|---|---|---|
UPL | 598.1 | 2.20 | 24,84,798 |
ONGC | 200.05 | 2.09 | 68,94,310 |
ULTRACEMCO | 9607.55 | 2.06 | 4,44,844 |
ADANIENT | 2859.45 | 1.32 | 42,01,085 |
LTIM | 5772 | 1.11 | 3,11,180 |
Top Losers of Today – Top 5 Stocks
Top Stocks | LTP | Change% | Volume |
---|---|---|---|
DRREDDY | 5445.8 | -5.52 | 15,33,130 |
CIPLA | 1198.55 | -1.69 | 9,30,382 |
BPCL | 463 | -1.58 | 1,11,80,274 |
M&M | 1649.4 | -1.15 | 13,65,707 |
AXISBANK | 1119.5 | -1.03 | 42,66,603 |
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 prediction on Friday, November, 3: index value 18899, maximum 19277, minimum 18521. NIFTY forecast on Monday, November, 6: index value 18838, maximum 19215, minimum 18461. Nifty prediction for tomorrow on Tuesday, November, 7: index value 18931, maximum 19310, minimum 18552. NIFTY predictions on Wednesday, November, 8: index value 19122, maximum 19504, minimum 18740.
In 2nd week NIFTY forecast on Thursday, November, 9: index value 18857, maximum 19234, minimum 18480. Nifty 50 prediction on Friday, November, 10: index value 18701, maximum 19075, minimum 18327. Market forecast on Monday, November, 13: index value 18701, maximum 19075, minimum 18327. NIFTY forecast for tomorrow on Tuesday, November, 14: index value 18451, maximum 18820, minimum 18082. NIFTY forecast on Wednesday, November, 15: index value 18374, maximum 18741, minimum 18007.
In 3rd weeks Nifty prediction tomorrow on Thursday, November, 16: index value 18331, maximum 18698, minimum 17964. NIFTY forecast on Friday, November, 17: index value 18201, maximum 18565, minimum 17837. Market prediction on Monday, November, 20: index value 18275, maximum 18641, minimum 17910. NIFTY forecast on Tuesday, November, 21: index value 18257, maximum 18622, minimum 17892. Market prediction on Wednesday, November, 22: index value 18217, maximum 18581, minimum 17853.
In 4th week Nifty prediction for tomorrow on Thursday, November, 23: index value 18201, maximum 18565, minimum 17837. NIFTY 50 predictions on Friday, November, 24: index value 18313, maximum 18679, minimum 17947. Nifty prediction for tomorrow on Monday, November, 27: index value 18480, maximum 18850, minimum 18110. NIFTY predictions on Tuesday, November, 28: index value 18347, maximum 18714, minimum 17980. Tomorrow Market prediction on Wednesday, November, 29: index value 18448, maximum 18817, minimum 18079.
In 5th week NIFTY 50 prediction by expert on Thursday, November, 30: index value 18552, maximum 18923, minimum 18181. NIFTY forecast on Friday, December, 1: index value 18464, maximum 18833, minimum 18095. NIFTY 50 predictions on Monday, December, 4: index value 18361, maximum 18728, minimum 17994.
Nifty Prediction for Next Week
Date | Day | Minimum | Maximum | Value |
24-11-2023 | Friday | 19321 | 20109 | 19715 |
27-11-2023 | Monday | 19416 | 20208 | 19812 |
28-11-2023 | Tuesday | 19612 | 20412 | 20012 |
29-11-2023 | Wednesday | 19340 | 20130 | 19735 |
30-11-2023 | Thursday | 19181 | 19963 | 19572 |
01-12-2023 | Friday | 19181 | 19963 | 19572 |
04-12-2023 | Monday | 18925 | 19697 | 19311 |
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
Year | Month | Average | Closing | Changes% |
2023 | August | 19468 | 19379 | -1.80% |
2023 | September | 19406 | 19415 | -1.61% |
2023 | October | 19790 | 19966 | 1.18% |
2023 | November | 20448 | 20723 | 5.01% |
2023 | December | 21072 | 21208 | 7.47% |
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 are used to 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.
The price index calculation formula for Nifty is given below:
The index value is determined by 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 About Nifty Prediction or Forecast
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 are reviewed 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.