Indian equities are expected to open the week on a cautiously bullish note, with technical analyses suggesting the Nifty 50 and Bank Nifty could see significant gains by 2026, subject to supportive economic factors and favourable crude oil prices.
Indian equities may open the week with a cautiously bullish tone after Businessline’s latest technical outlook suggested the Nifty 50 remains in a positive trend after a sharp gap-up and a period of tight trading. The video analysis, published on August 9, said the index has continued to hold above key support and could extend its advance if that strength persists.
According to the Businessline view, Nifty could first move towards 24,750 to 24,850, with 24,500 to 24,400 identified as a strong support band. The broader case remains constructive, with the analysis allowing for a run towards 25,400 if momentum builds. A separate Moneycontrol trading note also framed the early-August setup as one in which bulls would try to push Nifty back above 24,200, helped by softer oil prices.
Bank Nifty was also seen as holding a positive structure. Businessline said 57,500 and 57,480 are important support levels, while the index could initially test 58,500 before potentially advancing to 59,000 and beyond. That more optimistic tone broadly matches other market commentary published in recent days, including a Spider Software India review that described both Nifty and Bank Nifty as trading with supportive levels after recent gains.
Elsewhere, the outlook for Indian benchmarks has ranged from near-term technical targets to much more aggressive longer-horizon calls. Economic Times reported that chart analyst Jai Bala expects Nifty to reach 29,000 to 30,000 by August-September 2026 if lower crude prices continue to support sentiment. Univest, meanwhile, has put its base case for Bank Nifty at 61,500 to 65,500 by the end of 2026, reflecting expectations that banks may keep leading the market recovery if rate cuts and easing macro pressures continue.
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