Nifty 50 Prediction for Tomorrow, Tuesday 4 August 2026: Index Closes at 24,611 Above All Key EMAs, RSI at 62 Eyes 24,700 Breakout

The Nifty 50 prediction for tomorrow, Tuesday 4 August 2026, is bullish after the Nifty 50 confirmed a close at 24,611.50, up 228 points or 0.94 percent on Monday, its first close above 24,600 in six weeks. From a pure technical standpoint, the index is now 561 points above its 50-day moving average of 24,050, the RSI has advanced to approximately 62 from 57 the prior week without entering overbought territory, and the MACD histogram has widened positively, confirming momentum expansion rather than a fading rally. Monday's session candle is a strong bullish body that closed near the intraday high of 24,650, providing the most technically sound base for the Nifty 50 prediction for tomorrow that the index has produced since the July recovery phase began. Ankit Jaiswal, Senior Research Analyst at Univest, and Kunal Singla, Associate Director at Univest, decode Monday's close and lay out the full Nifty 50 prediction for tomorrow using moving averages, options chain OI, PCR and GIFT Nifty signals.

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Monday's Technical Snapshot: Base for the Nifty 50 Prediction for Tomorrow

Technical Indicator	Level / Reading	Signal for Nifty 50 Prediction for Tomorrow
Nifty 50 Monday Close	24,611.50	+228 pts (+0.94%), near session high
Monday Day Range	24,380 to 24,650	Strong upward bias; closed near high
20-Day Moving Average	~24,310	Price 301 pts above: Bullish
50-Day Moving Average (50 DMA)	~24,050	Price 561 pts above: Firmly Bullish
200-Day Moving Average (200 DMA)	~23,300	Price 1,311 pts above: Trend intact
14-Day RSI	~62	Advancing; room to 70 before overbought
MACD	Positive and widening	Momentum accelerating
India VIX	11.55 (-4.9%)	Multi-month low; low fear environment

Ankit Jaiswal notes that Monday's close near the intraday high is a critical quality signal for the Nifty 50 prediction for tomorrow. When an index closes within 0.2 percent of its session high after a 0.94 percent up day, it indicates absent selling pressure at the highs, which historically increases the probability of follow-through gains in the next session. The RSI at 62 has ample room to rise to the 70 overbought zone without triggering mean-reversion signals, providing 8 RSI points of momentum headroom for the Nifty 50 prediction for tomorrow.

Nifty 50 Prediction for Tomorrow: Key Support and Resistance Levels

Trend: Bullish. Price above 20 DMA, 50 DMA, and 200 DMA simultaneously. Closed above 24,600 for first time in six weeks.

Level Type	Zone	Basis
Immediate Support	24,500	Monday breakout consolidation base
Support 2	24,400	Prior intraday pivot; gap fill zone
Support 3 (20 DMA)	~24,310	20-day moving average
Strong Support (50 DMA)	~24,050	50-day moving average; 561 pts below close
Critical Floor	23,800-24,000	50 DMA + ascending trendline from June lows
Immediate Resistance	24,700	April and July 2026 swing highs confluence
Key Breakout Zone	24,800-25,000	Three-month consolidation upper boundary

Kunal Singla observes that Monday's close at 24,611.50 has materially upgraded the support structure for the Nifty 50 prediction for tomorrow. The first support has moved up from 24,400 to 24,500, reflecting the new higher-close baseline, and the multiple layers of moving average support below (20 DMA at 24,310, 50 DMA at 24,050, 200 DMA at 23,300) provide a ladder of technical floors that makes large downside moves increasingly unlikely in the Nifty 50 prediction for tomorrow unless a significant external shock materialises. On the upside, 24,700 remains the most important level in the Nifty 50 prediction for tomorrow because it is the exact point at which the April 2026 and July 2026 daily swing highs converge on the chart. A daily close above 24,700 would complete the three-month consolidation range breakout and technically project a target of 24,800 to 25,000 for the Nifty 50 prediction for tomorrow and the sessions that follow, according to Kunal Singla.

Nifty 50 Options Chain Analysis for the Nifty 50 Prediction for Tomorrow

Monday's session closing prompted significant options repositioning that reshapes the Nifty 50 prediction for tomorrow's probability distribution.

Strike	Call OI (Lakh)	Put OI (Lakh)	Key Signal
24,200	14.2	32.8	Strong put writing; upgraded floor
24,400	20.6	26.4	Put support zone
24,500	28.4	18.8	Put writing confirms new support base
24,600	34.2	12.4	Near current price; balanced
24,700	48.6	7.8	Heaviest call OI; key resistance wall
25,000	42.4	4.2	Major call wall above breakout zone

Max Pain Level: 24,300

Put-Call Ratio (PCR): 1.18

Ankit Jaiswal explains that the Nifty 50 prediction for tomorrow is shaped by two important options developments from Monday's post-session chain. First, put writers aggressively added at 24,400 and 24,500 after the close, confirming that they now consider 24,400 to 24,500 a defensible floor going into Tuesday. This is a bullish development for the Nifty 50 prediction for tomorrow since put sellers are only comfortable defending a level if they believe the market will not fall through it. Second, call OI at 24,700 has swelled to 48.6 lakh contracts, the single largest concentration in the near-term chain, which means 24,700 is a hard ceiling that requires either significant positive news or a genuine demand burst to penetrate in the Nifty 50 prediction for tomorrow. Max pain has nudged up to 24,300 from 24,200, and PCR at 1.18 is the most bullish reading in several weeks, both consistent with the Nifty 50 prediction for tomorrow pointing toward continued upside.

GIFT Nifty and Nifty Futures for the Nifty 50 Prediction for Tomorrow

Nifty August futures closed Monday at a premium of approximately 65 points over cash, with the August contract near 24,677. A premium of this size indicates that the derivatives market is pricing in a continuation of Monday's gains on Tuesday, not a gap-down opening. Kunal Singla notes that Nifty futures premiums in the 50 to 80 point range have historically been associated with positive opening sessions the following day, and the current 65 point premium is a directional confirmation for the Nifty 50 prediction for tomorrow. The GIFT Nifty at 9:00 AM IST on Tuesday will be the most important pre-market signal; Kunal Singla recommends tracking this before any positions are initiated in the Nifty 50 prediction for tomorrow. A GIFT Nifty above 24,600 confirms the bullish bias; below 24,500 would warrant caution and reassessment of the Nifty 50 prediction for tomorrow.

Nifty 50 Weekly Chart View and the Nifty 50 Prediction for Tomorrow

Monday's close at 24,611.50 means the current weekly candle (week of 3 August) is on track to print above the previous week's high, which was approximately 24,400. This is the third consecutive week of higher-high, higher-low weekly candles, a textbook bullish continuation signal on the weekly timeframe that Ankit Jaiswal views as especially important for the Nifty 50 prediction for tomorrow because weekly signals filter out daily noise and show sustained institutional commitment. The weekly RSI has now reached approximately 58, recovering from the oversold conditions during July's geopolitical correction and approaching the 60 to 65 zone that historically precedes Nifty breakout moves, consistent with the Nifty 50 prediction for tomorrow targeting the three-month consolidation ceiling at 24,700 to 25,000.

FII and DII Positioning in the Nifty 50 Prediction for Tomorrow

Monday's provisional data showed FIIs net buying Rs 918 crore and DIIs adding Rs 1,747 crore, giving a combined single-day institutional inflow of over Rs 2,665 crore. Kunal Singla notes this is the largest combined institutional buying day in several weeks and is a particularly meaningful data point for the Nifty 50 prediction for tomorrow because it shows foreign and domestic money moving in the same direction simultaneously. In the derivatives segment, FIIs held a net short position of approximately 1.73 lakh contracts in index futures as of last reading. As Iran-US peace talks reduce geopolitical risk premiums and crude falls further, Kunal Singla expects continued short-covering in FII futures positions, providing a mechanical bid to the index independent of fresh long accumulation and directly supporting the Nifty 50 prediction for tomorrow.

Nifty 50 Constituents to Watch in the Nifty 50 Prediction for Tomorrow

Three Nifty 50 heavyweights will determine whether the 24,700 resistance is broken or defended on Tuesday.

1. Reliance Industries: Reliance closed Monday near Rs 1,325, gaining 0.7 percent as crude fell and retail and telecom business margins improved. As the single largest Nifty 50 constituent by weight, Reliance's direction on Tuesday is the most index-impactful variable in the Nifty 50 prediction for tomorrow. Ankit Jaiswal flags an observation zone of Rs 1,315 to Rs 1,325, a target of Rs 1,362 and a stop at Rs 1,298 in the Nifty 50 prediction for tomorrow.

2. HDFC Bank: HDFC Bank closed Monday near Rs 1,866, gaining 0.8 percent. As the heaviest private-sector banking constituent, HDFC Bank's participation on Tuesday is the key private-banking confirmation needed to complement PSU bank leadership and support the Bank Nifty breakout in the Nifty 50 prediction for tomorrow. Kunal Singla highlights an observation zone of Rs 1,854 to Rs 1,866, a target of Rs 1,910 and a stop at Rs 1,835 in the Nifty 50 prediction for tomorrow.

3. Infosys: Infosys closed Monday near Rs 1,078, with Nifty IT trading mixed during the session. As the second largest IT constituent in Nifty 50, Infosys participation on Tuesday would broaden the Nifty 50 prediction for tomorrow's rally beyond banking and FMCG into the technology sector, a critical breadth signal for sustained follow-through. Ankit Jaiswal suggests an observation zone of Rs 1,068 to Rs 1,078, a target of Rs 1,112 and a stop at Rs 1,052 in the Nifty 50 prediction for tomorrow.

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Nifty 50 Prediction for Tomorrow: Intraday Trading Strategy

1. GIFT Nifty at 9 AM is the first signal: Check GIFT Nifty before Tuesday's open. A reading above 24,600 confirms the Nifty 50 prediction for tomorrow's continuation mode. Below 24,500 signals caution and a wait-for-confirmation approach.
2. 24,500 as the new floor: Ankit Jaiswal recommends only holding longs above 24,500 in the Nifty 50 prediction for tomorrow. A sustained hourly close below 24,500 is the signal to exit intraday positions and reassess.
3. 24,700 is the intraday breakout trigger: Kunal Singla suggests treating 24,700 as an intraday breakout signal with volume confirmation in the Nifty 50 prediction for tomorrow. A trade above 24,700 for 15 or more minutes on the 15-minute chart with expanding volume justifies adding long exposure, targeting 24,800.
4. Cut 50 percent before Tuesday's close: With Wednesday's RBI policy decision at 10:00 AM IST, Kunal Singla advises reducing at least half of overnight Nifty 50 positions before Tuesday's 3:30 PM close in the Nifty 50 prediction for tomorrow, since rate guidance can move the index 200 to 300 points in either direction within minutes on Wednesday morning.

Risks to the Nifty 50 Prediction for Tomorrow

• Iran-US breakdown overnight: A stalling or collapse in diplomatic progress before Tuesday's open would send crude above $90 and breach 24,500 support in the Nifty 50 prediction for tomorrow.
• Earnings disappointment: Bharti Airtel and ONGC both report Tuesday. A combined miss from two index-weight stocks would drag Nifty 50 by 40 to 60 points and challenge 24,500 support in the Nifty 50 prediction for tomorrow.
• Intraday RSI extension: With daily RSI at 62, any large gap-up open on Tuesday could push the 30-minute RSI above 70, triggering intraday profit booking near 24,700 and limiting the Nifty 50 prediction for tomorrow's breakout window to a brief overshoot.
• FII selling resumption: If FII flows reverse to net selling on Tuesday despite the crude tailwind, it would weaken the institutional conviction underpinning the Nifty 50 prediction for tomorrow and make the 24,700 breakout harder to sustain.

Conclusion

The Nifty 50 prediction for tomorrow, Tuesday 4 August 2026, is technically sound and directionally bullish following Monday's confirmed close at 24,611.50, 561 points above the 50 DMA and near the session's high. Ankit Jaiswal of Univest notes the RSI at 62, a rising MACD histogram, and India VIX at a multi-month low of 11.55 combine to give the Nifty 50 prediction for tomorrow one of its strongest technical setups since the July recovery began. Kunal Singla adds that the PCR at 1.18, post-session put writing at 24,400 to 24,500, and Nifty August futures at a 65-point premium all confirm that the derivatives market is aligned with the bullish Nifty 50 prediction for tomorrow. The decisive test in the Nifty 50 prediction for tomorrow is the 24,700 call wall: a daily close above it on Tuesday would confirm a three-month consolidation breakout targeting 25,000. Monitor GIFT Nifty at 9 AM, Reliance and HDFC Bank opening prints for index-weight confirmation, and Bharti Airtel results in the first hour as the three sharpest real-time inputs for the Nifty 50 prediction for tomorrow.

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FAQs on Nifty 50 Prediction for Tomorrow

What is the Nifty 50 prediction for tomorrow, Tuesday 4 August 2026?

Ans. The Nifty 50 prediction for tomorrow, Tuesday 4 August 2026, is bullish. The index closed Monday at 24,611.50, up 228 points or 0.94 percent, near the session's high of 24,650, with RSI at 62 and PCR at 1.18. The Nifty 50 prediction for tomorrow places support at 24,500 and resistance at 24,700, with a closing break above 24,700 confirming a three-month range breakout targeting 24,800 to 25,000.

Which analysts have prepared the Nifty 50 prediction for tomorrow?

Ans. Ankit Jaiswal, Senior Research Analyst at Univest, and Kunal Singla, Associate Director at Univest, have prepared the Nifty 50 prediction for tomorrow. Ankit Jaiswal covers moving average alignment, RSI signals and weekly chart patterns while Kunal Singla provides options chain analysis, PCR breakdown and GIFT Nifty futures signals for the Nifty 50 prediction for tomorrow.

What does the Nifty 50 options chain say about the Nifty 50 prediction for tomorrow?

Ans. The options chain for the Nifty 50 prediction for tomorrow shows aggressive post-session put writing at 24,400 and 24,500, confirming these as institutional support floors. The heaviest call OI is at 24,700 (48.6 lakh contracts), the key resistance in the Nifty 50 prediction for tomorrow. Max pain is at 24,300 and PCR is 1.18, the most bullish reading in several weeks and consistent with the Nifty 50 prediction for tomorrow pointing toward 24,700.

What is the 50 DMA level for the Nifty 50 prediction for tomorrow?

Ans. The Nifty 50's 50-day moving average is at approximately 24,050 in the Nifty 50 prediction for tomorrow. Monday's close at 24,611.50 is 561 points above this level, a strong buffer that Ankit Jaiswal considers one of the most bullish distance readings for the Nifty 50 prediction for tomorrow in recent months. A fall to the 50 DMA would require a 561-point decline, which is not the base case for the Nifty 50 prediction for tomorrow.

What support and resistance levels matter most in the Nifty 50 prediction for tomorrow?

Ans. In the Nifty 50 prediction for tomorrow, 24,500 is the first support upgraded from Monday's breakout base, and 24,400 is the secondary cushion. The 20 DMA at 24,310 and 50 DMA at 24,050 are the moving average floors below. On the upside, 24,700 is the immediate resistance and the most important level in the Nifty 50 prediction for tomorrow. A closing break above 24,700 targets 24,800 and then 25,000 in the sessions following the Nifty 50 prediction for tomorrow.