Nifty 50 Prediction for Tomorrow: 24,000 in Sight After Monday’s Sharp Rally, 28 July 2026

The Nifty 50 prediction for tomorrow, Tuesday 28 July 2026, is bullish above 23,891 after the index closed at 23,995.95, up 228.50 points or 0.96%, having briefly traded above the 24,000 mark during the session. The benchmark opened at 23,928.40, touched a high of 24,011.60, then eased back to close just under the round number, comfortably above Friday’s close of 23,767.45. The move erases almost all of the five-day decline that had pulled the index lower through last week, and it arrives one day before the July F&O series settles.

Kunal Singla, Associate Director at Univest, leads this Nifty 50 prediction for tomorrow, with Ankit Jaiswal, Senior Research Analyst, mapping the levels that matter most into Tuesday’s expiry-day session.

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Nifty 50 Prediction for Tomorrow: Monday’s Closing Numbers

The index touched 24,011.60 intraday, its first look above 24,000 in weeks, before slipping back to close at 23,995.95. That close-just-under-the-round-number pattern is a mild rejection, and it is the single most important fact behind the Nifty 50 prediction for tomorrow.

Nifty 50 Prediction for Tomorrow: Support and Resistance Levels

• Immediate support: 23,891, Monday’s low; a break would test 23,767, Friday’s close.
• Immediate resistance: 24,000, already touched intraday at 24,011.60; a confirmed close above it opens 24,100 and then 24,200.
• Rejection risk: Failure to clear 24,000 decisively on Tuesday could see the index settle back into the 23,900 to 23,995 zone.
• Expiry overlay: Tuesday, 28 July is the July settlement, and rollover volume around the 24,000 level will likely decide which way it breaks.

Ankit Jaiswal observes that Friday’s close at 23,767.45 is now the line separating a genuine trend change from a one-day technical bounce. Holding well above it through Tuesday’s expiry volatility, and eventually clearing 24,000 on a closing basis, would confirm the recovery has legs rather than being a single relief spike.

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What Is Powering the Nifty 50 Prediction for Tomorrow

• IT sector surge: Nifty IT closed up 2.34%, led by Infosys at Rs 1,079.20, up 3.68%, and TCS at Rs 2,295.60, up 1.83%, both extending their post-results recoveries.
• Volatility collapse: India VIX fell 9.91% to close at 12.64, its steepest single-session drop in weeks, showing hedging demand unwinding fast.
• Broad sector participation: Auto, Pharma, FMCG and Metal all closed firmly higher, not just the index-heavy IT names.
• Expiry-day setup: The July series settles Tuesday, 28 July, so Monday’s closing positioning carries extra weight for the Nifty 50 prediction for tomorrow.

Kunal Singla notes that Bank Nifty, up 0.69% in the same session, contributed to the recovery but did not lead it, with HDFC Bank down 0.44% to Rs 739.55 as a rare laggard against an otherwise green tape. He flags a stronger banking close on Tuesday as the missing piece that would make a sustained break of 24,000 more convincing, since financials carry the heaviest single-sector weight in the index.

Heavyweight Stocks Shaping the Nifty 50 Prediction for Tomorrow

Reliance Industries, the index’s single largest weight, closed barely changed after giving back an early move to Rs 1,288.70, while ICICI Bank closed a solid 0.89% higher. Both need to extend those gains for the Nifty 50 prediction for tomorrow to carry full conviction through Tuesday’s expiry session.

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Conclusion

The Nifty 50 prediction for tomorrow, 28 July 2026, is bullish above 23,891, with 24,000 as the level to clear and 24,100 as the target on a confirmed breakout. Kunal Singla and Ankit Jaiswal expect Tuesday’s F&O expiry to add two-way volatility around the round number and will watch Reliance and HDFC Bank for the confirmation that would broaden Monday’s rally. This content is educational; consult a SEBI-registered advisor before trading.

Disclaimer

FAQs

What is the Nifty 50 prediction for tomorrow, 28 July 2026?

Ans. The Nifty 50 prediction for tomorrow is bullish above 23,891. The index closed at 23,995.95, up 0.96%, after touching an intraday high of 24,011.60, with 24,000 as the level to clear on Tuesday.

Did the Nifty 50 close above 24,000 on Monday?

Ans. No. The index touched 24,011.60 intraday but closed just under the round number at 23,995.95, a mild rejection that leaves Tuesday’s expiry session as the real test of 24,000.

What are the key Nifty 50 support and resistance levels for tomorrow?

Ans. Support sits at 23,891 and 23,767, with resistance at 24,000 and 24,100, as per the Nifty 50 prediction for tomorrow based on Monday’s closing session.

Why did the Nifty 50 rally on Monday, 27 July 2026?

Ans. IT sector strength was the main driver, with Infosys up 3.68% and TCS up 1.83% extending their post-results recoveries, alongside a 9.91% fall in India VIX signalling reduced hedging demand.

What happens to the Nifty 50 on the July F&O expiry day?

Ans. The July derivatives series settles on Tuesday, 28 July 2026. Rollover flows into that expiry typically add volatility, and Monday’s strong close will carry extra positioning into the session.

Which Nifty 50 heavyweights are lagging the rally?

Ans. Reliance Industries and HDFC Bank are the notable laggards, with Reliance closing barely changed and HDFC Bank closing 0.44% lower while the broader index rallied strongly.

Which analysts prepared this Nifty 50 prediction for tomorrow?

Ans. Kunal Singla, Associate Director at Univest, leads the Nifty 50 prediction for tomorrow, 28 July 2026, with Ankit Jaiswal, Senior Research Analyst, mapping the expiry-day levels.