By TBS Team | June 3, 2024
In India, there are two primary market indexes – Sensex and Niffy. Sensex is a market index of the Bombay Stock Exchange (BSE) whereas nifty is the index launched by the National Stock Exchange (NSE). Keeping a close check on Nifty forecast can help you plan your investment smartly. Here, you will get Nifty Prediction for today, tomorrow, next week, months and whole financial year 2023-24.
What is Nifty?
NIFTY refers to a stock market index that is brought by the National Stock Exchange. But it is a combination of two terms – National Stock Exchange and Fifty devised by NSE on 21st April 1996. NIFTY 50 is a standard index and also the main highlight of NSE, which shows the top 50 equity stocks being traded in the stock exchange out of all stocks. Nifty is the term that changes continuously that’s why experts suggest to watch nifty performance before investing in stock market.
The stocks included in Nifty span across various domains of the Indian economy including information technology, financial services, entertainment and media, consumer goods, metals, pharmaceuticals, telecommunications, construction materials, pesticides and fertilizers, automobiles etc.
Nifty Prediction for Next 30 Days – Nifty Forecast this Month
| Date | Day | Lowest | Highest | Value |
| 04-06-2024 | Tuesday | 20569 | 24147 | 22358 |
| 05-06-2024 | Wednesday | 20569 | 24147 | 22358 |
| 06-06-2024 | Thursday | 20569 | 24147 | 22358 |
| 07-06-2024 | Friday | 20405 | 23953 | 22179 |
| 10-06-2024 | Monday | 20365 | 23907 | 22136 |
| 11-06-2024 | Tuesday | 20343 | 23881 | 22112 |
| 12-06-2024 | Wednesday | 20334 | 23870 | 22102 |
| 13-06-2024 | Thursday | 20667 | 24261 | 22464 |
| 14-06-2024 | Friday | 20730 | 24336 | 22533 |
| 17-06-2024 | Monday | 20755 | 24365 | 22560 |
| 18-06-2024 | Tuesday | 20788 | 24404 | 22596 |
| 19-06-2024 | Wednesday | 20846 | 24472 | 22659 |
| 20-06-2024 | Thursday | 21037 | 24695 | 22866 |
| 21-06-2024 | Friday | 21020 | 24676 | 22848 |
| 24-06-2024 | Monday | 21129 | 24803 | 22966 |
| 25-06-2024 | Tuesday | 21176 | 24858 | 23017 |
| 26-06-2024 | Wednesday | 21269 | 24969 | 23119 |
| 27-06-2024 | Thursday | 20940 | 24582 | 22761 |
| 28.06 | Friday | 20940 | 24582 | 22761 |
| 01-06-2024 | Monday | 20809 | 24429 | 22619 |
| 02-06-2024 | Tuesday | 20779 | 24393 | 22586 |
| 03-06-2024 | Wednesday | 20621 | 24207 | 22414 |
| 04-06-2024 | Thursday | 20660 | 24254 | 22457 |
| 05-06-2024 | Friday | 20660 | 24254 | 22457 |
Nifty Prediction for Today
Here Nifty predicted for today is 22467 with slight changes, here you can check highest & lowest nifty for today and according to that you can invest in stocks.
| Date | Nifty Value | Highest | Lowest |
| 03 June 2024 | 22467 | 24140 | 20564 |
Nifty Prediction for Tomorrow
Expected Nifty for tomorrow is 22358 with slight changes, here you can check highest & lowest nifty 50 prediction for tomorrow and according to that you can invest in stocks.
| Date | Nifty Value | Highest | Lowest |
| 04 June 2024 | 22358 | 24147 | 20569 |
Tomorrow Nifty Prediction in detail
Tomorrow nifty index will stand at 22,358 indicating a prevailing positive trend. If you currently have long positions in the market, it is advisable to maintain these positions.
However, it’s essential to implement a daily closing stop loss strategy at 22,300 to manage risks effectively. For those considering fresh short positions, it is prudent to do so only if the NIFTY index closes below the 22,300 level.
| Nifty Type | Levels |
|---|---|
| Nifty Support | 22300-22000 |
| Nifty Resistance | 22100-22300 |
| Nifty Range | 20569-24147 |
| Bias | Bullish |
Bank Nifty Prediction for Tomorrow
Bank Nifty is a stock market index that represents the performance of banking sector on the National Stock Exchange of India (NSE). As Future Prediction of Bank Nifty involves a complex analysis of various factors, including economic indicators, interest rates, political developments, and global market trends. Here you can checkout nifty for tomorrow by experts :
| Bank Nifty Type | Levels |
|---|---|
| Bank Nifty Support | 48700-48500 |
| Bank Nifty Resistance | 49500-49700 |
| Bank Nifty Range | 48700-49700 |
| Bias | Bullish |
BSE Sensex Today
| Open | 76,583.29 |
| High | 76,738.89 |
| Low | 75,678.43 |
| Current | 76,181.45 |
| Change | +2220.14 |
| Previous Day Close | 73,961.31 |
Top Gainers of Today – Top 5 Stocks
| Top Stocks | LTP | Change% | Volume |
|---|---|---|---|
| POWERGRID | 341 | 10.00 | 4,64,40,280 |
| SBIN | 908.55 | 9.42 | 5,24,11,082 |
| ADANIPORTS | 1572.7 | 9.41 | 2,02,46,938 |
| NTPC | 388.5 | 8.22 | 3,23,27,420 |
| ONGC | 282.8 | 6.98 | 2,07,77,496 |
Losers of Today – Top 5 Stocks
| Top Stocks | LTP | Change% | Volume |
|---|---|---|---|
| EICHERMOT | 4670.55 | -1.33 | 7,83,603 |
| LTIM | 4661.3 | -0.86 | 3,06,654 |
| ASIANPAINT | 2866.6 | -0.51 | 6,11,989 |
| HCLTECH | 1320.5 | -0.27 | 29,37,911 |
| HDFCLIFE | 548.65 | -0.22 | 73,29,213 |
Top Firms Listed Under Nifty
| Business | LTP | Industrial Domain | 1 Year Trend |
| YES Bank | 47.4 | Banking | -20.33% |
| Ibull Housing Fin | 197.95 | Financial Services | 0.04% |
| Eicher Motors | 20491.85 | Automobile | 40.76% |
| Tata Motors | 139.5 | Automobile | 11.785 |
| IndusInd Bank | 1340.1 | Banking | -41.77% |
| SBI | 265.45 | Banking and Financial Services | -27.825 |
| Coal India Ltd. | 199.4 | Energy and Mining | 39.08% |
| Asian Paints | 1812.3 | Consumer goods | 86.32% |
| Tata Steel | 356.1 | Metals | 13.96% |
| Bajaj Auto | 3111.5 | Automobiles | 18.35% |
Nifty Forecast for 1 Month – Market predicted at 1st day of the Month
In 1st week
NIFTY 50 prediction on Thursday, May, 2: index value 22566, maximum 24371, minimum 20761. Expected NIFTY futures prediction on Friday, May, 3: index value 22791, maximum 24614, minimum 20968. NIFTY on Monday, May, 6: index value 22639, maximum 24450, minimum 20828. NIFTY on Tuesday, May, 7: index value 22809, maximum 24634, minimum 20984.
In 2nd week
NIFTY on Wednesday, May, 8: index value 22844, maximum 24672, minimum 21016. Tomorrow market prediction on Thursday, May, 9: index value 22876, maximum 24706, minimum 21046. NIFTY on Friday, May, 10: index value 23072, maximum 24918, minimum 21226. NIFTY 50 prediction on Monday, May, 13: index value 23231, maximum 25089, minimum 21373. NIFTY on Tuesday, May, 14: index value 23072, maximum 24918, minimum 21226.
In 3rd week
NIFTY on Wednesday, May, 15: index value 22691, maximum 24506, minimum 20876. NIFTY on Thursday, May, 16: index value 22691, maximum 24506, minimum 20876. Tomorrow market prediction on Friday, May, 17: index value 22691, maximum 24506, minimum 20876. NIFTY forecast on Monday, May, 20: index value 22691, maximum 24506, minimum 20876. NIFTY 50 prediction on Tuesday, May, 21: index value 22457, maximum 24254, minimum 20660.
In 4th week
NIFTY on Wednesday, May, 22: index value 22457, maximum 24254, minimum 20660. Tomorrow market prediction on Thursday, May, 23: index value 22567, maximum 24372, minimum 20762. NIFTY on Friday, May, 24: index value 22544, maximum 24348, minimum 20740. Future NIFTY 50 prediction on Monday, May, 27: index value 22697, maximum 24513, minimum 20881. NIFTY on Tuesday, May, 28: index value 22696, maximum 24512, minimum 20880.
In 5th week
NIFTY tomorrow on Wednesday, May, 29: index value 22777, maximum 24599, minimum 20955. Expected NIFTY on Thursday, May, 30: index value 22758, maximum 24579, minimum 20937. NIFTY prediction for tomorrow by experts on Friday, May, 31: index value 22749, maximum 24569, minimum 20929.
Nifty Prediction for Next Week
| Date | Day | Minimum | Maximum | Value |
| 10-06-2024 | Monday | 20365 | 23907 | 22136 |
| 11-06-2024 | Tuesday | 20343 | 23881 | 22112 |
| 12-06-2024 | Wednesday | 20334 | 23870 | 22102 |
| 13-06-2024 | Thursday | 20667 | 24261 | 22464 |
| 14-06-2024 | Friday | 20730 | 24336 | 22533 |
| 17-06-2024 | Monday | 20755 | 24365 | 22560 |
| 18-06-2024 | Tuesday | 20788 | 24404 | 22596 |
Important – Apart from this, you can also invest in gold by watching our very close gold rate prediction page.
Nifty 50 Prediction for 1 Year – Monthly Nifty Forecast
Predicting the Nifty 50 future performance over the next year is challenging, influenced by global economic trends, geopolitical events, and market sentiment. After the analysis of various factor we have added here nifty futures prediction for one year.
| Year | Month | Average | Closing | Changes% |
| 2024 | January | 21749 | 22070 | 11.84% |
| 2024 | February | 21984 | 21955 | 11.26% |
| 2024 | March | 21801 | 21749 | 10.21% |
| 2024 | April | 21350 | 21162 | 7.24% |
| 2024 | May | 20662 | 20366 | 3.20% |
| 2024 | June | 20846 | 21115 | 7.00% |
| 2024 | July | 21876 | 22413 | 13.58% |
| 2024 | August | 22017 | 21840 | 10.67% |
| 2024 | September | 22031 | 22095 | 11.97% |
| 2024 | October | 23330 | 24322 | 23.25% |
| 2024 | November | 23639 | 23188 | 17.51% |
| 2024 | December | 22683 | 22402 | 13.52% |
How the calculation of Nifty is done?
A group of experts at the NSE Indices Limited oversee the NIFTY share index. It established an Index Advisory Committee to provide knowledge and direction on significant matters pertaining to stock indexes.
The market capitalization and float-adjusted methods calculate the NIFTY 50 indexes. In this method, the index level represents the total market value of the stocks included in the index during a given base period. A NIFTY 50 index’s base period falls on November 3, 1995 at which time the index’s base value is set at 1000 and its base capital is Rs. 2.06 trillion.
Here is The price index calculation formula for Nifty :
The index value determines dividing the current market value by (Base Market Capital * 1000).
The technique used to calculate indexes also takes changes in corporate actions into account, such as stock splits and the issuing of rights, among other things.
All equities markets in India are compared to the NIFTY share market index as a benchmark. As a result, NSE regularly maintains the index to guarantee that it is stable and continues to serve as the benchmark for the Indian stock market.
FAQs
What is NIFTY 50?
NIFTY50 refers to a standard index showcasing the top 50 firms listed in National Stock Exchange (NSE). Their value is determined on the basis of free-float Market Capitalization.
How the selection of stocks is done for NIFTY 50?
The top 50 large-cap businesses listed on the NSE are included in the Index based on their free float capitalization mechanism. The NIFTY50 criteria changes every six months to make sure they apply to all the scripts.
What do Nifty Futures and Options mean?
The NIFTY50 Index serves as the underlying asset for Nifty’s forward contracts in the derivatives market. Futures contracts for Nifty have an obligation to purchase and sell the index, whereas options carry a right but not a duty to do so.
Disclaimer – This information is just for education and research purpose. This is not a research advisory.
Disclaimer: This blog is written for educational purpose only. Data, Securities, Advisory and Quotes mentioned here are for guidance only. Doing research by investors itself is highly recommended.