Market Thunderstorm Incoming: Sensex, Nifty 50, and Bank Nifty Gear Up for Liftoff as Bulls Tighten Their Grip

Image taken from BtechTraders.com

The Indian stock market is set for a strong, upbeat opening on Thursday, powered by positive global cues and solid momentum from Wednesday’s rally. Early signals from Gift Nifty — trading near 26,447 and holding a premium of about 66 points over the previous close — point toward another bullish start for the benchmark Nifty 50.

Wednesday’s session brought powerful gains across the board. The Sensex soared 1,022.50 points, or 1.21%, to finish at 85,609.51, while the Nifty 50 surged 320.50 points, or 1.24%, to close above the 26,200 mark.

Sensex Outlook

The Sensex has flashed a strong bullish reversal pattern on the daily charts, supported by a long positive candle that signals momentum firmly shifting toward the bulls. Analysts highlight 85,000 and 85,300 as crucial support zones — levels that must hold for the uptrend to remain intact. On the upside, resistance is expected in the 86,000–86,200 region, with any dip below 85,000 likely to weaken sentiment. Market experts believe a breakout above 86,000 could open the gates to fresh all-time highs.

Nifty Open Interest Signals

Nifty derivatives data indicate heavy call writing at the 26,000 strike, while maximum put open interest at 25,800 shows strong demand at lower levels. Researchers note that a sustained close above 26,000 will be key to triggering renewed bullish momentum and unlocking higher targets.

Nifty 50 Forecast

Technically, the Nifty 50 has printed a powerful long bull candle that engulfed the previous four sessions in a single move — a classic sign of rising optimism. Analysts say the index is positioned to challenge new record highs soon, with the broader structure of higher tops and bottoms remaining intact. Immediate targets lie at 26,300 and 26,500, while crucial support has lifted to the 26,050 zone. A decisive close above 26,300 could spark a sharp leg of upside toward 26,500 and beyond.

Bank Nifty Prediction

Bank Nifty joined the rally, climbing 707.75 points (1.20%) to close at 59,528.05, accompanied by a robust bullish candle that underscores rising strength in financials. Experts emphasize that as long as the index holds above 59,400, traders should maintain a buy-on-dips approach. A strong breakout above 60,000 may drive the index toward 61,000 and potentially higher. On the downside, the 59,000–58,841 range remains a sturdy support zone.