Sensex, Nifty Prediction For Tomorrow By Experts: Stock market benchmark indices Sensex and Nifty 50 climbed nearly 1 per cent each on Wednesday, extending their winning run to the third day in a row. The 30-share BSE Sensex jumped 633.29 points or 0.83 per cent to settle at 76,704.13. During the day, it soared 929.38 points or 1.22 per cent to 77,000.22.
The 50-share NSE Nifty surged 196.65 points or 0.83 per cent to end at 23,777.80. It opened 51 points higher, steadily added to intraday gains until noon, and touched a day's high of 23,862.
NSE cash market volumes held steady versus the prior session.
Top Gainers, Losers
Top gainers included Jio Financial, Eternal, Tech Mahindra, and HCL Tech, while Cipla, Coal India, and HUL led the laggards amid selling pressure.
All sectoral indices closed in the green, except Nifty FMCG and Metals – with Media, IT, and Realty posting the strongest advances.
Midcaps and Smallcaps outperformed, as the Nifty Midcap 100 rose 2.02 per cent and the Nifty Smallcap 100 gained 1.67 per cent.
Rupee Hits Record Low
The Indian rupee hit a record low, breaching 92.50 amid thin dollar liquidity ahead of a bank holiday. Aggressive importer demand overshadowed strong risk appetite and softer crude prices, triggering a sharp sell-off.
Nifty Support, Resistance Levels
Vinay Rajani, Senior Technical Research Analyst, HDFC Securities, said that from the recent swing low of 22,953, Nifty has recovered over 900 points and reclaimed levels above its 5-DEMA (23,664) for the first time since February 26, 2026.
"Still, it lags the 20- and 50-DEMA, signaling the primary downtrend persists and could prompt profit booking. Resistance now lies at 23,860–24,000, with support shifting higher to 23,350," he said.
Nifty Chart
Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities, said that Nifty has formed a reasonable long candle on the daily chart with a minor upper shadow. Technically, the upside bounce of the last three sessions confirms a short-term bottom reversal pattern at the recent swing low of 22955-16th March. This is positive indication.
After the formation of bearish lower tops and bottoms on the daily chart over the last one month, Nifty is witnessing a sharp bounce back from the lows, which signals chances of higher bottom formation during any short-term consolidation or dip.
"Further sustainable up move from here could open the next upside target of around 24000-24200 levels in the near term. Immediate support is placed at 23550," he said.
Sensex Prediction For Thursday (Expiry)
Aakash Shah, Research Analyst, Choice Equity Broking, said that Sensex index has now decisively moved above the 76,000 psychological level, indicating strengthening bullish momentum in the short term.
"Sensex has immediate support placed near the 76,200–76,300 zone, which is likely to act as a key demand area," the expert said. On the upside, resistance is seen around the 77,200–77,500 range, and a sustained move above this zone could trigger further upside in the coming sessions.
