Archive · 9 Aug 2026
Nifty, Bank Nifty Prediction: Targets and Support Levels
Some people who study money markets try to guess whether prices will go up or down.
In India, two big scoreboards tracking many companies are called Nifty and Bank Nifty.
Last week, Nifty started with a big jump up and then moved around a little.
The chart still looks positive, which means prices might keep climbing.
Experts think Nifty can first reach a zone between 24,750 and 24,850.
Later, it might even go as high as 25,400.
If Nifty falls, there is a support level around 24,500–24,400 where it may stop dropping.
Bank Nifty could rise to 58,500 first and then head toward 59,000 or higher, with supports at 57,500 and 57,480.
Nifty 50 began the past week with a large gap-up and then traded within a narrow range.
The chart trend remains positive, with Nifty expected to hold above support and move higher.
Nifty may first reach 24,750–24,850, with strong chances of eventually rising to 25,400.
Nifty has good support at the 24,500–24,400 zone.
Bank Nifty has good support at 57,500 and 57,480, and may first rise to 58,500 before heading toward 59,000 and above.
- Who
- Analysts at The Hindu BusinessLine (Businessline), who published the weekly outlook; no individual analyst is named.
- What
- A weekly technical prediction of price targets and support levels for the Nifty 50 and Bank Nifty indices.
- When
- Published on August 9, 2026, covering the outlook for August 10-14, 2026.
- Where
- Indian equity market, specifically the Nifty 50 and Bank Nifty indices.
- Why
- Because the indices' trend remains positive and they continue to hold above their support levels.
- Index
- Nifty 50 and Bank Nifty
- Outlook Period
- August 10-14, 2026
- Nifty First Target
- 24,750–24,850
- Nifty Eventual Target
- 25,400
- Nifty Support
- 24,500–24,400
- Bank Nifty First Target
- 58,500
- Bank Nifty Higher Target
- 59,000 and above
- Bank Nifty Support
- 57,500 & 57,480