Nifty 50 Prediction for Tomorrow, Monday 3 August 2026: Two Scenarios for the Open
- August 2, 2026
- Posted by: Ankit Jaiswal
- Category: News
Nifty 50 prediction for tomorrow: bull case above 24,430 targets 24,530-24,650. Bear case below 24,300 risks 24,150. Close 24,383.60, RSI 54.7.
Rather than a single call, the Nifty 50 prediction for tomorrow works best as two scenarios: a bull case built on Friday’s close of 24,383.60 clearing the 24,430 to 24,530 band that has capped the index since early July, and a bear case where that resistance holds and the index drifts back toward its 24,300 pivot. Both scenarios share the same starting point, a five session recovery of nearly 780 points off the 23,606.30 low from 24 July, which is why Univest analysts are framing tomorrow as a genuine fork rather than a foregone conclusion.
Ankit Jaiswal, Senior Research Analyst at Univest, and Kunal Singla, Associate Director, have mapped out this Nifty 50 prediction for tomorrow from Friday’s closing data, the index’s moving averages and RSI, and the options positioning visible ahead of the weekend. Ankit Jaiswal leads the technical read, and Kunal Singla adds the flow and policy calendar context that separates the bull case from the bear case.
Scenario One: The Bull Case for Tomorrow
A close above 24,430 tomorrow, Ankit Jaiswal argues, would confirm the Nifty 50 is ready to challenge the 7 July high of 24,530.90, with 24,650 the next marker after that. The bull case leans on the index trading well above its 50 day moving average of 23,903.54, a 14 day RSI of 54.75 that still has room before turning overbought, and Thursday’s strong Wall Street session feeding into Monday’s Gift Nifty. This scenario in the Nifty 50 prediction for tomorrow would also need broader participation beyond autos, since IT has been the one sector actively working against the index.
Scenario Two: The Bear Case for Tomorrow
The bear case in this Nifty 50 prediction for tomorrow starts from the same close but reads the setup more cautiously: a failure at 24,430 would send the index back toward 24,300, and a break of that pivot would put 24,150 in play. Kunal Singla’s version of this scenario centres on continued weakness in TCS and Infosys, which together dragged Nifty IT down 1.56 percent on Friday even as US technology stocks rallied overnight, a divergence that would need to reverse for the bull case to hold.
Nifty 50 Technical Snapshot Ahead of Tomorrow
| Metric | Level |
|---|---|
| Friday Close | 24,383.60 (+0.27%) |
| 14 Day RSI | 54.75 |
| 50 Day Moving Average | 23,903.54 |
| 200 Day Moving Average | 24,778.27 |
| 90 Day High / Low | 24,530.90 / 23,070.15 |
What Tips the Nifty 50 Prediction for Tomorrow Either Way
- IT stabilising: TCS and Infosys both fell more than 2 percent on Friday; a bounce here would support the bull case in this Nifty 50 prediction for tomorrow.
- Auto momentum holding: Mahindra and Mahindra‘s 3.5 percent Friday rally needs company from other index heavyweights to keep the recovery broad based.
- Reliance participation: Reliance Industries added 1.15 percent on Friday, and continued strength here would offset any renewed IT weakness.
RBI Policy Week Overlay on the Nifty 50 Prediction for Tomorrow
The RBI Monetary Policy Committee begins its meeting tomorrow, 3 August, with the rate decision due Wednesday, 5 August. Both scenarios in this Nifty 50 prediction for tomorrow assume traders keep some caution in reserve for that verdict rather than committing fully to either the bull or bear case on Monday itself. The repo rate has held at 5.25 percent for three straight reviews, and a hold is the consensus view, though Kunal Singla notes that commentary on liquidity conditions could still move rate sensitive Nifty 50 constituents ahead of the formal Wednesday announcement.
Trading Approach for Tomorrow
- Use 24,430 as the line that decides which scenario in this Nifty 50 prediction for tomorrow is playing out in real time.
- Keep position sizing lighter than usual given the binary nature of the setup heading into the RBI verdict.
- Watch TCS and Infosys specifically for signs of stabilisation, since IT has been the single biggest swing factor this week.
- Avoid treating Monday’s early trade as conclusive; both scenarios can look similar in the first hour before diverging later in the session.
Sentiment Backdrop for the Nifty 50 Prediction for Tomorrow
FIIs bought a net Rs 3,623.50 crore in the cash segment on 30 July, the most recent confirmed session, a flow that has powered much of the index’s recovery and tilts the balance of probability toward the bull case in this Nifty 50 prediction for tomorrow. DIIs sold a net Rs 1,864.03 crore the same day, a pattern consistent with domestic funds booking some profit into FII led strength rather than turning outright cautious. India VIX at 11.76, down 3.29 percent on Friday, suggests the options market currently favours the calmer of the two scenarios, though Ankit Jaiswal cautions that low volatility ahead of a major policy event can unwind quickly if the RBI surprises the market.
Risks That Could Flip Either Scenario
- A hawkish RBI surprise on Wednesday could undercut the bull case even if Monday itself trades constructively.
- Continued TCS and Infosys weakness would keep the bear case alive regardless of strength elsewhere in the index.
- A fresh spike in crude oil tied to the Iran-US standoff would pressure both scenarios in this Nifty 50 prediction for tomorrow simultaneously.
- A reversal in Friday night’s Wall Street session would likely shift Gift Nifty’s bias before Monday’s open.
Conclusion
This Nifty 50 prediction for tomorrow, Monday 3 August 2026, is clearly two sided: a close above 24,430 opens the bull case toward 24,530 and 24,650, while a failure there and a break of 24,300 revives the bear case toward 24,150. Ankit Jaiswal and Kunal Singla both point to IT sector stabilisation as the single clearest tell for which scenario is unfolding, with the RBI verdict on Wednesday the larger event risk sitting behind both paths in this Nifty 50 prediction for tomorrow.
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Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
What is the Nifty 50 prediction for tomorrow, Monday 3 August 2026?
Ans. The Nifty 50 prediction for tomorrow has two scenarios: a bull case above 24,430 targeting 24,530 to 24,650, and a bear case below 24,300 risking a retest of 24,150.
What would confirm the bull case for tomorrow?
Ans. A close above 24,430 on strong volume, along with stabilisation in TCS and Infosys, would confirm the bull case in this Nifty 50 prediction for tomorrow.
What would confirm the bear case for tomorrow?
Ans. A failure to clear 24,430 followed by a break below 24,300 would confirm the bear case, opening a path toward 24,150 support.
What is the Nifty 50’s RSI ahead of tomorrow?
Ans. The Nifty 50’s 14 day RSI stood at 54.75 on Friday, a neutral to bullish reading with room before turning overbought.
Which stocks are the key swing factors for tomorrow?
Ans. TCS and Infosys, both down more than 2 percent on Friday, are the clearest swing factors; a bounce in either would support the bull case in this Nifty 50 prediction for tomorrow.
How does the RBI MPC meeting affect the Nifty 50 prediction for tomorrow?
Ans. The RBI Monetary Policy Committee begins meeting tomorrow, with the rate decision due Wednesday. Both scenarios assume traders keep some caution in reserve for that verdict.
Is there a Nifty 50 F&O expiry tomorrow?
Ans. No. The Nifty 50 weekly expiry falls on Tuesday, 4 August, one session after tomorrow’s trade.
Should traders commit fully to one scenario ahead of the RBI decision?
Ans. Univest analysts suggest lighter position sizing given the binary setup and recommend consulting a SEBI-registered financial advisor before making investment decisions.
