Nifty 50 Prediction for Tomorrow: Key Levels, Stock Picks and Analyst Outlook for 31 July 2026

The Nifty 50 prediction for tomorrow, 31 July 2026, is cautiously bullish, with the index expected to open near 24,340 based on Gift Nifty futures and sustained FII buying over the past three sessions. The Nifty 50 closed at 24,317.15 on Wednesday, gaining 66.95 points (+0.28%), supported by a strong showing from the Auto and IT sectors even as banking stocks saw mild profit booking.

The Sensex ended at 77,928.15, up 273 points, while the Bank Nifty slipped marginally by 58.40 points to close at 57,147.50. The divergence between the broader Nifty 50 and Bank Nifty will be one of the defining themes to track in Thursday's session.

Ankit Jaiswal, Senior Research Analyst at Univest, and Kunal Singla, Associate Director at Univest (IIT Delhi), have shared their independent technical and quantitative analysis ahead of Thursday's open. Their combined view, alongside live FII data, global cues, and three stock recommendations, forms the complete Nifty 50 prediction for tomorrow below.

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Today's Market Recap: Wednesday, 30 July 2026

Understanding today's close is essential context for any Nifty 50 prediction for tomorrow. The index held above its 50-DMA for a second consecutive session, a technically positive signal that underpins the cautiously bullish bias heading into Thursday.

• Nifty 50: Closed at 24,317.15, up 66.95 points (+0.28%). The index has now gained ground in four of the last five sessions, reflecting steady accumulation by both FIIs and domestic institutions.
• Sectoral Performance: Nifty Auto led all sectors at +1.63%, driven by M&M's Q1 FY27 net profit of Rs 5,455 crore (+34% YoY). Nifty IT extended its winning streak to five straight sessions. Nifty Realty was the laggard, declining approximately 1%. HDFC Life, Adani Ports, and Shriram Finance weighed on the financial services space.
• FII and DII Flows: FII net purchases stood at Rs 2,981.87 crore on 29 July and Rs 755.33 crore on 28 July, confirming a sustained shift to net buying. DII bought a net Rs 998.02 crore on 29 July. India VIX held near 14.2, indicating a low-fear environment conducive to upward price movement.

Nifty 50 Prediction for Tomorrow: Technical Levels and Analyst View

Trend: Cautiously Bullish | Support: 24,150 / 23,950 | Resistance: 24,500 / 24,750 | RSI: 57-60

The Nifty 50 prediction for tomorrow points to a flat-to-positive gap-up open near 24,340, in line with Gift Nifty futures trading at 24,342 as of the evening session. The index is consolidating in the 24,300 to 24,350 band on the daily chart, a structure that typically precedes a directional breakout within one to two sessions.

According to Ankit Jaiswal, the most important technical level to watch in tomorrow's session is the 24,500 resistance. A clean move above this level on above-average volume would confirm the next leg of the rally toward 24,750, which aligns with a prior swing high from late May 2026. He notes that the RSI reading of 57 to 60 on the daily chart gives the index meaningful room to advance before entering overbought territory above 70.

On the downside, Ankit Jaiswal flags 24,150 as the first meaningful support for Thursday's session. This level coincides with the 20-DMA and has attracted buying interest on each of the last three intraday dips over the past week. A sustained break below 24,150 on heavy volume would shift the short-term bias to neutral and open a test of 23,950, the next key support where the 50-DMA and a prior consolidation zone converge.

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Bank Nifty Prediction for Tomorrow, 31 July 2026

Trend: Sideways to Slightly Cautious | Support: 56,800 / 56,400 | Resistance: 57,500 / 58,000

Bank Nifty closed at 57,147.50, down 58.40 points (-0.10%) on Wednesday, underperforming the broader Nifty 50 for the session. The index is trading inside a consolidation range of 56,800 to 57,500, and Thursday's open will determine whether it attempts a breakout or reverts toward support.

Kunal Singla observes that Bank Nifty needs a decisive daily close above 57,500 to revive bullish momentum toward the 58,000 zone. He notes that the key divergence to monitor is between PSU banks, which held firm today, and private banks, which faced selling in names like HDFC Life and Shriram Finance. PSU bank relative strength is a meaningful signal that selective buying interest in the financial space remains intact even if the index itself trades sideways.

Kunal Singla further observes that open interest buildup at the Bank Nifty 57,500 call strike is the defining resistance signal heading into Thursday. A breach of this level with strong cash market participation would be the most bullish scenario for the banking index. Below 56,800, the next support at 56,400 is where short-term moving average confluence is expected to attract dip buyers.

Stocks to Watch Tomorrow: Analyst Picks for 31 July 2026

As part of the Nifty 50 prediction for tomorrow, Ankit Jaiswal and Kunal Singla have flagged three stocks for monitoring in Thursday's session. These picks are based on post-earnings momentum, sector alignment, and clean technical chart setups. These are watchlist candidates only and do not constitute buy recommendations. Apply your own risk framework before taking any position.

Stock	CMP (Rs)	Watch Target (Rs)	Stop Loss (Rs)	Setup	Analyst
M&M	Rs 3,142	Rs 3,280	Rs 3,060	Post-earnings breakout continuation	Ankit Jaiswal
Infosys	Rs 1,678	Rs 1,740	Rs 1,635	IT sector 5-day momentum breakout	Kunal Singla
SBI	Rs 812	Rs 845	Rs 792	PSU bank relative strength vs private banks	Ankit Jaiswal

M&M: Post-Earnings Breakout Continuation

CMP: Rs 3,142 | Watch Target: Rs 3,280 | Stop Loss: Rs 3,060 | Market Cap: Rs 3.91 Lakh Cr

M&M is the standout earnings story of this week, having reported Q1 FY27 net profit of Rs 5,455 crore, a 34% YoY jump that beat street estimates on both revenue and PAT. Ankit Jaiswal has flagged M&M for close monitoring in tomorrow's session, citing the stock's post-results breakout structure where price closed at a fresh multi-week high with volume expanding on the up move, a setup that historically signals continuation rather than reversal.

The watch target of Rs 3,280 aligns with the next visible supply zone on the daily chart. Ankit Jaiswal notes that a hold above the Rs 3,100 to Rs 3,120 zone in the first 30 minutes of Thursday's session would be the confirming signal. A break below Rs 3,060 on a closing basis invalidates the setup entirely.

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Infosys: IT Sector Momentum Continuation

CMP: Rs 1,678 | Watch Target: Rs 1,740 | Stop Loss: Rs 1,635 | Market Cap: Rs 6.96 Lakh Cr

Infosys is the benchmark large-cap riding Nifty IT's five-day winning streak, which is tracking the sector's best monthly performance in six years. Kunal Singla observes that Infosys has been forming a clean series of higher lows on the daily chart over the past week, a structure consistent with institutional accumulation rather than short-term retail momentum chasing. The Rs 1,678 close puts price within striking distance of the Rs 1,700 psychological resistance.

Kunal Singla flags the Rs 1,700 to Rs 1,720 zone as the critical area to watch in Thursday's session. A clean move through this band on above-average volume would signal that IT sector momentum is broad enough to carry Infosys toward the Rs 1,740 watch target. Stop loss is set below the Rs 1,635 prior swing low, which also aligns with the 10-DMA on the daily chart.

SBI: PSU Bank Relative Strength Play

CMP: Rs 812 | Watch Target: Rs 845 | Stop Loss: Rs 792 | Market Cap: Rs 7.24 Lakh Cr

State Bank of India represents the most compelling relative strength setup within the banking space heading into Thursday. While private banking names including HDFC Life and Shriram Finance saw selling pressure today, SBI held firm, closing near the day's high. Ankit Jaiswal has flagged this divergence as a meaningful technical signal, noting that SBI is holding above both its 20-DMA and 50-DMA on the daily timeframe with an RSI of approximately 54, comfortably below overbought territory.

Ankit Jaiswal suggests watching SBI for a breakout above the Rs 820 to Rs 825 resistance cluster, which would open a move toward the Rs 845 watch target. This setup is contingent on Bank Nifty holding above 56,800 support. A daily close below Rs 792 would signal a broader reversal in PSU bank sentiment and invalidate the watchlist case.

Global Cues Shaping the Nifty 50 Prediction for Tomorrow

Three global variables are the most important overnight inputs for the Nifty 50 prediction for tomorrow and should be tracked by every trader with open positions heading into Thursday's session.

• US Markets and Dow Futures: Dow Jones Futures were at 51,698.28, up 0.20% as of the Wednesday evening session. The FTSE gained 0.23% to 10,933. A stable-to-positive US market close tonight provides the most constructive global backdrop for an upside open in Indian equities on Thursday.
• Crude Oil at $90: Brent crude climbing above $90 per barrel is the primary macro risk to the Nifty 50 prediction for tomorrow. Elevated crude directly pressures India's current account deficit, weakens the rupee, and triggers selling in oil marketing companies including HPCL, BPCL, and IOCL. All three OMC names declined today on this concern.
• Rupee and Dollar Index: The rupee held at 95.59 against the US dollar today. A stable or modestly appreciating rupee is a supportive condition for FII inflow continuity. Any sharp depreciation beyond the 96 mark would introduce caution into the FII buying thesis that has driven the recent rally.

Key Events and Triggers for 31 July 2026

• LIC Q1 FY27 Results: The LIC board meets on 31 July to declare Q1 results. As India's largest insurer and a Nifty 50 constituent, a strong earnings print from LIC would add a direct positive catalyst to the index and support the bullish side of the Nifty 50 prediction for tomorrow.
• Q1 FY27 Earnings Season Continuation: Several mid and large-cap companies report Q1 results on Thursday. Positive earnings surprises in IT and Auto sectors have been the primary driver of the five-day rally. Further beats would extend momentum.
• Brent Crude Direction: Whether crude sustains or retreats from the $90 per barrel level will be a live trigger for OMC, aviation, and paint stocks. A retreat below $88 would be a meaningful positive for the market.
• India VIX at Open: VIX held near 14.2 today. A reading below 15 at tomorrow's open confirms low-volatility conditions. A spike above 16 intraday would be an early caution signal for leveraged long positions.
• US Fed Communication: Any overnight remarks from Federal Reserve officials on the rate trajectory will influence the Dollar Index and, by extension, FII flows into emerging markets including India.

Sectors to Watch in Tomorrow's Session

• IT: Nifty IT's five-day winning streak is the dominant sector momentum theme. The global narrative of AI rotation benefiting Indian IT exporters is gaining institutional traction and could sustain the sector's outperformance into Thursday.
• Auto: M&M's 34% YoY earnings growth has put the entire Auto pack on watch. Investors will track whether other auto names reporting Q1 results this week deliver comparable earnings quality. A second consecutive strong auto result would reinforce the Nifty 50 prediction for tomorrow on the upside.
• PSU Banks: The divergence between PSU banks and private banks flagged in today's session makes the PSU banking space a key sector to monitor. Selective buying in SBI and other PSU names could provide upside support to Bank Nifty even without broad private bank participation.
• Realty: Nifty Realty was the worst performer today, declining approximately 1%. A technical bounce from near-term support is possible but the overall tone for the sector in tomorrow's session remains cautious unless broader indices break above 24,500 convincingly.

What Market Sentiment Indicators Say Ahead of Tomorrow

Market sentiment indicators are broadly supportive heading into Thursday and reinforce the cautiously bullish Nifty 50 prediction for tomorrow. India VIX at 14.2 sits comfortably below the 15 threshold, which historically corresponds to lower intraday volatility and a tendency for markets to grind higher when FII and DII flows are both net positive.

FII activity is the clearest positive signal underpinning the current setup. Net FII purchases of Rs 2,981.87 crore on 29 July and Rs 755.33 crore on 28 July confirm a sustained return to net buying after the aggressive selling phase that ran through late June and early July. Ankit Jaiswal notes this shift in FII behaviour is the single most important structural change in recent market dynamics and the primary driver of the five-day rally that precedes Thursday's session.

The Put-Call Ratio (PCR) on the Nifty August options series sits in the 1.1 to 1.2 range, indicating a mild put-heavy bias consistent with a moderate bullish phase rather than an extreme. Open interest buildup at the 24,500 call strike is the key resistance overhang that will determine whether the market can make a clean directional break in Thursday's session or requires further consolidation near current levels.

Kunal Singla observes that quantitative signals including momentum factor scores and earnings revision breadth are net positive across the large-cap universe. The combination of strong Q1 earnings from M&M, Asian Paints, and Ambuja Cements this week, alongside low VIX and FII buying, creates a supportive multi-factor backdrop for the Nifty 50 prediction for tomorrow.

Trading Strategy for Thursday's Session

1. Confirm the Gap-Up at Open: Gift Nifty at 24,342 signals a flat-to-positive gap-up of approximately 25 points. Traders should wait 15 minutes post-open before committing to directional positions. A gap-up that holds above 24,350 in the first 15 minutes is constructive. A gap-up that fades immediately toward 24,280 signals distribution and requires caution.
2. Use 24,150 as the Key Risk Level: All long positions entered near current levels should carry a stop loss reference of 24,150 on a closing basis. A breach of this level invalidates the bullish Nifty 50 prediction for tomorrow and shifts the short-term bias to neutral.
3. Track LIC Results Pre-Open: LIC results announced before market open on Thursday will set the tone for the BFSI space. A PAT beat from LIC is the most likely catalyst to push Bank Nifty above the 57,500 resistance level it has struggled with over the past three sessions.
4. Manage Crude Oil Risk: Traders holding OMC, aviation, or paint stocks should review stop losses if Brent crude holds above $90 in Asian market hours. The downside scenario for these stocks is a 2% to 4% intraday decline if crude extends its move higher.

Risks to the Nifty 50 Prediction for Tomorrow

• Crude Oil Sustained Above $90: Brent holding above $90 through the Asian session would trigger risk-off selling in OMC and inflation-sensitive sectors, potentially dragging the Sensex 200 to 300 points below the fair-value open implied by Gift Nifty.
• Weak LIC Q1 Results: A significantly below-estimate earnings print from LIC before market open would reset sentiment in the BFSI space and could add selling pressure to an already cautious Bank Nifty setup.
• Negative US Close Overnight: If Dow Jones closes in the red tonight, Indian markets would open with a gap-down that challenges the 24,150 support identified in the Nifty 50 prediction for tomorrow. Dow Futures were positive at 51,698 as of the evening session, but this can change overnight.
• Sharp Rupee Depreciation: A move in the rupee beyond 96 per dollar would raise questions about the sustainability of recent FII buying and could prompt partial position unwinding in FII-heavy Nifty 50 large-caps.

Conclusion

The Nifty 50 prediction for tomorrow, 31 July 2026, is cautiously bullish. The index is supported by FII net buying, a five-day IT sector rally, strong Auto sector earnings from M&M, and Gift Nifty pointing to a mild gap-up open near 24,342. Key support stands at 24,150 and 23,950. Resistance at 24,500 and 24,750 are the levels a bullish breakout requires to confirm the next leg of the rally.

Ankit Jaiswal identifies the 24,300 to 24,350 consolidation band as the pivot zone for Thursday's session and has flagged M&M and SBI as the two stocks best positioned for a continuation move based on post-earnings momentum and PSU bank relative strength respectively. Kunal Singla observes that Bank Nifty's underperformance is the primary risk to the broader bullish call, and has flagged Infosys as the IT sector representative most likely to benefit if the five-day momentum continues into Thursday.

Traders should apply stop losses at the levels outlined in this article, track LIC's Q1 results as the headline domestic event for Thursday, and monitor crude oil price action around $90 per barrel as the key macro risk. Consult a SEBI-registered financial advisor before making any investment or trading decision based on any market outlook or prediction.

FAQs on Nifty 50 Prediction for Tomorrow

What is the Nifty 50 prediction for tomorrow, 31 July 2026?

Ans. The Nifty 50 prediction for tomorrow, 31 July 2026, is cautiously bullish. The index is expected to open near 24,340 based on Gift Nifty futures. Key support stands at 24,150 and 23,950, while resistance is at 24,500 and 24,750. FII net buying of Rs 2,981.87 crore on 29 July and positive Dow Futures support the upside case. Crude oil above $90 per barrel is the primary downside risk.

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

Ans. Based on the Nifty 50 prediction for tomorrow, immediate support is at 24,150, which aligns with the 20-DMA, and deeper support is at 23,950 where the 50-DMA converges with a prior consolidation zone. On the upside, 24,500 is the first resistance level and 24,750 is the target if the index breaks out above 24,500 on above-average volume. These levels have been identified by Ankit Jaiswal, Senior Research Analyst at Univest.

Which stocks are flagged for monitoring in tomorrow's session?

Ans. Three stocks are flagged as part of the Nifty 50 prediction for tomorrow. M&M is flagged by Ankit Jaiswal for a post-earnings breakout continuation toward Rs 3,280 with a stop loss at Rs 3,060. Infosys is flagged by Kunal Singla for IT sector momentum continuation toward Rs 1,740 with a stop loss at Rs 1,635. SBI is flagged by Ankit Jaiswal for PSU bank relative strength toward Rs 845 with a stop loss at Rs 792. These are watchlist setups and not buy recommendations.

What is the Bank Nifty prediction for tomorrow?

Ans. Bank Nifty prediction for tomorrow is sideways to slightly cautious. Kunal Singla, Associate Director at Univest, observes that the index needs a close above 57,500 to revive bullish momentum toward 58,000. Support stands at 56,800 and 56,400. LIC's Q1 FY27 results on 31 July are the key domestic catalyst that could push Bank Nifty above its current resistance range. A break below 56,800 would shift the index bias to bearish in the near term.

What global cues will impact the Nifty 50 prediction for tomorrow?

Ans. The three most important global cues for the Nifty 50 prediction for tomorrow are the US Dow Jones closing direction tonight, Brent crude oil movement around the $90 per barrel level, and the opening rupee rate against the US dollar on Thursday. Dow Futures were positive at 51,698 as of the Wednesday evening session. Crude above $90 is the most significant risk trigger, as it affects OMC stocks, India's fiscal position, and FII flow calculations.

Who are the analysts behind Univest's Nifty 50 prediction for tomorrow?

Ans. Univest's Nifty 50 prediction for tomorrow is developed by two SEBI-registered research professionals. Ankit Jaiswal is Senior Research Analyst at Univest, specialising in technical analysis, chart patterns, and momentum setups. Kunal Singla is Associate Director at Univest with a quantitative and technical research background from IIT Delhi. Both analysts contribute independent views to Univest's daily market outlook and stock watchlists.