Nifty Prediction For Next Week: Indian stock market indices Sensex and Nifty tumbled more than 1 per cent on Friday (Fb 23) due to broad-based selling in metal, IT and commodity shares amid sluggish global markets. In a volatile session, the 30-share BSE Sensex tumbled 1,048.16 points, or 1.25 per cent, to close at 82,626.76. During the day, the benchmark tanked 1,140.37 points, or 1.36 per cent, to hit an intraday low of 82,534.55.
The 50-share NSE Nifty plunged 336.10 points, or 1.30 per cent, to settle at 25,471.10. In the intraday trade, it slumped 362.9 points, or 1.4 per cent, to hit a low of 25,444.30.
On the sectoral front, selling was broad-based, with IT stocks among the top losers, while weakness was also visible in the metal, realty and FMCG segments.
The broader market mirrored the benchmark's weakness but with heightened intensity. The Nifty Midcap 100 shed 1.71%, while the Nifty Smallcap 100 tumbled 1.79%.
Meanwhile, India VIX surged sharply by 13% to around 13, and any further rise in volatility could be a cause for concern.
Top Gainers, Losers
Among the Nifty constituents, only five stocks gained while 45 declined. The five gainers were Bajaj Finance, Eicher Motors, SBI Life, SBI and Cipla.
Hindalco was the top loser, followed by HUL, Eternal, Adani Enterprises, ONGC, Tata Stee, Titan, Coal India, Adani Ports, Power Grid, Wipro, Nestle India, Reliance Industries, Bharat Electronics, TCS, HDFC Bank, Asian Paints, Shriram Finance, M&M, Tata Consumer Products and Grasim Industries.
FII, DII Activity
Foreign institutional investors sold equities worth Rs 7,395.41 crore on Friday, while domestic institutional investors were bought stocks worth Rs 5,553.96 crore, according to BSE data.
Vinod Nair, Head of Research, Geojit Investments, said that sentiment gains from the US–India trade deal have faded as renewed AI‑driven disruption fears weigh on risk appetite, with markets worrying that Indian IT firms dependent on labour arbitrage model may face tougher competitive pressure than their Nasdaq peers. This cautious tone extended across the broader market, pulling all major indices into negative territory, with most sectors closing in the red.
Nifty Support And Resistance Levels
After a weak start on Friday, the benchmark Nifty 50 moved in a narrow range during the first half, but the decline deepened as the session progressed. It eventually settled near the day’s low to close at 25,471.10.
Ajit Mishra, SVP, Research, Religare Broking, said that investor sentiment weakened as global technology stocks stayed under pressure, reinforcing risk-off behaviour in domestic markets. In addition, the absence of any fresh positive domestic triggers kept the overall mood subdued.
"The sharp fall in the IT pack has significantly altered the market tone, and a break below the 25,400 mark could open the door for a move toward the 25,100 gap area. On the upside, the 25,700–26,000 zone is likely to act as a strong resistance band in case of any recovery," the expert said.
According to Nilesh Jain, VP- Head of Technical and Derivative research at Centrum Finverse, Nifty is attempting to fill last week’s gap on the downside. The crucial support at the 200-DMA, placed near 25,300, is likely to be tested in the near term.
"Overall, the market structure appears sideways to weak, and pullback rallies are expected to face selling pressure as long as the Nifty remains below the 25,800 mark," the expert said.
"Nifty violated its crucial supports of the 20 and 50 day EMAs, confirming a trend shift from bullish to bearish. The next positional support lies at the lower band of the gap formed on February 3, 2026 (25,108), though the 200-day EMA at 25215 may offer interim support," Nandish Shah - Deputy Vice President, HDFC Securities, said.
Nifty 50 Chart Candle
Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities, said that Nifty has formed a long negative candle was formed on the daily chart with minor upper shadow. Technically, this market action indicates reversal in the market on downside. The negative pattern like 'Bearish Island Reversal' was formed on the daily chart and initial downside target has been met at 25500 on Friday.
"The emergence of selling pressure of Friday seems to have dampened the effort of bulls to make a comeback. The short-term negative chart pattern suggests more weaknesses in the coming sessions. A decisive slide below 25450 levels could pull Nifty down to 25200 levels (200day EMA) by next week. Nifty has immediate resistance placed at 25600," the expert said.
