Archive · 23 Jul 2026
Indian Stock Market Predictions for 23 July
The Indian stock market, including the Sensex and Nifty 50, is expected to open lower on 23 July.
This is because of worries about the ongoing conflict between the US and Iran, which could affect energy prices and inflation.
The market ended lower on the previous day, and technical analysts predict further weakness.
However, if the market can recover key support levels, there is a chance for a bounce back.
The Sensex and Nifty 50 have specific support and resistance levels that traders are watching closely.
Sensex and Nifty 50 expected to open lower on 23 July due to global market concerns.
Sensex closed at 76,755.05 and Nifty 50 at 23,996.25 on the previous day.
Technical analysts predict further downside with support levels at 75,700 - 75,500 for Sensex and 23,800 - 23,650 for Nifty 50.
Above 77,000 for Sensex and 24,200 for Nifty 50, the market could see a reversal.
Bank Nifty also ended lower, with immediate support at 56,700 - 56,600 and resistance at 57,500 - 57,600.
- Who
- Indian stock market investors and traders
- What
- Predictions for Sensex and Nifty 50 on 23 July
- When
- 23 July
- Where
- Indian stock market
- Why
- Due to mixed global market cues and technical indicators
Bearish Outlook
Bullish Outlook
Market Sentiment
Bearish Outlook
Sensex and Nifty 50 are expected to continue their downward trend due to weak technical indicators and global market concerns.
Bullish Outlook
If Sensex and Nifty 50 can reclaim key support levels, there is potential for a bounce back to higher levels.
Technical Indicators
Bearish Outlook
Technical analysts predict further downside with support levels at 75,700 - 75,500 for Sensex and 23,800 - 23,650 for Nifty 50.
Bullish Outlook
Above 77,000 for Sensex and 24,200 for Nifty 50, the market could see a reversal and move towards higher resistance levels.
- Sensex Previous Close
- 76,755.05
- Nifty 50 Previous Close
- 23,996.25
- Gift Nifty Level
- 23,882
- Sensex Support Level
- 75,700 - 75,500
- Nifty 50 Support Level
- 23,800 - 23,650
- Sensex Resistance Level
- 77,300 - 77,500
- Nifty 50 Resistance Level
- 24,500 - 24,600