Nifty Prediction Today: Target, Stop Loss, Support, Resistance & Option Chain Analysis

Nifty Prediction for 10 August 2026: Investment Decision

Today’s Nifty at a Glance

Nifty closed at 24,570.65, down 0.27%, almost exactly at the central pivot of 24,574.60. This indicates equilibrium between buyers and sellers before the next session. The five-day trend remains bullish, but the 21-day and 63-day trends are still bearish. Therefore, the immediate setup is positive but vulnerable to profit-booking near resistance.

Parameter	Level
Last Close	24,570.65
Central Pivot	24,574.60
Immediate Support	24,519
Strong Support	24,467
Immediate Resistance	24,626
Strong Resistance	24,682
Expected Range	24,467–24,682
Market Bias	Neutral to mildly bullish

Today’s Nifty Prediction

Nifty is expected to begin the next session with a range-bound to mildly positive bias. A sustained move above 24,626 can generate fresh buying momentum towards 24,682 and 24,790. However, failure to hold 24,519 could invite profit-booking towards 24,467 and 24,400.

The index is trading above its 20-day, 34-day and 50-day moving averages, confirming an improving short-term structure. However, Nifty remains below the 200-day SMA of 24,763.64, making the 24,750–24,790 region a major positional hurdle.

Market Probability

Based on the pivot structure, momentum indicators and option-chain positioning:

• Range-bound movement: 45%
• Bullish breakout above 24,626: 35%
• Bearish breakdown below 24,519: 20%

The highest-probability outcome is consolidation between 24,519 and 24,626, followed by a directional move only after either boundary is decisively crossed.

Bullish Scenario

The bullish setup becomes active only when Nifty sustains above 24,626. This breakout can take the index towards the Fibonacci resistance of 24,682, followed by 24,712 and 24,790.

RSI at 59.89 remains in the bullish zone, while MACD at 163.76 is above its signal line of 117.34. The positive MACD histogram of 46.42 supports the possibility of another upward move.

However, traders should avoid anticipating the breakout because call writing remains heavy around 24,600 and 24,700.

Bearish Scenario

The bearish setup will be triggered if Nifty breaks and sustains below 24,519. The first downside target would be 24,467, followed by 24,400 and 24,359.

Stochastic %K at 47.81 is below %D at 65.19, while StochRSI has fallen sharply. Williams %R at –17.44 also indicates that the index recently approached an overbought condition. These readings warn of short-term profit-booking despite the broader positive momentum.

No-Trade Zone

The zone between 24,520 and 24,625 should be treated as a no-trade area. Nifty’s close near the central pivot and ADX of only 14.31 indicate weak directional strength. Option buyers may suffer rapid time-value erosion because the 11 August contracts are close to expiry.

Key Nifty Levels

Immediate resistance is placed at 24,626, followed by 24,682 and 24,790. Immediate support is located at 24,519, followed by 24,467 and 24,400. The level of 24,575 will act as the intraday directional pivot.

Nifty Option Strategy

Above 24,626, aggressive traders may consider the 24,600 Call, targeting spot levels of 24,682 and 24,750, with a spot-based stop loss below 24,570.

Below 24,519, traders may consider the 24,500 Put, targeting 24,467 and 24,400, with a spot-based stop loss above 24,575. Avoid carrying oversized positions because expiry-related volatility can cause sharp premium fluctuations.

Why This Trade?

The strategy waits for confirmation outside the consolidation range. Nifty is above important short-term averages, but strong call writing restricts the upside. A confirmed breakout or breakdown offers a cleaner setup than trading inside the range.

Final Verdict

The Nifty outlook is neutral to mildly bullish above 24,519. Buy only above 24,626 for 24,682–24,750. Turn bearish below 24,519 for 24,467–24,400. Inside this range, remain patient.

Paresh Gordhandas View

Nifty is positioned at an important pivot. Traders should avoid taking premature positions between 24,520 and 24,625. A decisive move above 24,626 can revive bullish momentum, while a break below 24,519 may trigger profit-booking. Trade only after confirmation and maintain strict stop losses, especially because the 11 August option contracts are close to expiry.