Technical Analysis for 08-06-2026 | Nifty, Bank Nifty & Sensex Predictions:
Nifty Today closed at 23,366.70; today's range was 23,300.10-23,491.20. Bank Nifty Today closed at 54,496.25; today's range was 54,189.45-54,755.20. Sensex Today closed at 74,243.34; today's range was 73,988.75-74,717.57. For 08-06-2026, the expected intraday structure is bullish but trigger-led: Nifty is likely to trade between 23,280 and 23,515, while Bank Nifty between 54,144 and 54,689 and Sensex between 74,036 and 74,740 should act as confirmation ranges or no trading zone.
Key Takeaways For Traders
- The intraday outlook remains bullish while Nifty holds above 23,280.
- Bank Nifty strength above 54,689 can confirm broader risk appetite.
- Sensex needs a clean move above 74,740 to support continuation.
- Avoid chasing the first spike; wait for a 15-minute close and retest.
- Use smaller position size if price stays inside the no-trade zone.
Technical Analysis: Nifty Predictions For 08-06-2026
Nifty has a constructive intraday base as long as it sustains above 23,280. A 15-minute close above 23,515 can open a move toward 23,616, followed by 23,735 and 23,868 if momentum expands.
Below 23,280, the bullish view weakens. A sustained breakdown can drag the index toward 23,155, then 22,995 and 22,840. For Nifty Predictions, traders should treat 23,280-23,515 as the key support and resistance level band.
Technical Analysis: Bank Nifty Predictions
Bank Nifty is relatively stronger if it holds above 54,144. A breakout above 54,689 may attract follow-through buying toward 54,862, 55,121 and 55,506.
If 54,144 breaks with a 15-minute close, avoid aggressive longs. Downside levels are 53,870, 53,526 and 53,084. For Bank Nifty Predictions, confirmation from large private banks will matter more than a single candle spike.
Sensex Prediction And Technical Analysis
Sensex remains bullish above 74,036. A move above 74,740 can extend toward 74,973, then 75,365 and 75,722.
Failure below 74,036 can shift the index into a corrective intraday phase, with downside levels at 73,800, 73,497 and 73,245. The Sensex Prediction stays positive only if buying returns quickly after dips.
Market Prediction & Confirming Signal
- Breakout rule: Buy-side confirmation requires a 15-minute close above 23,515 on Nifty, 54,689 on Bank Nifty and 74,740 on Sensex.
- Breakdown rule: Sell-side confirmation requires a 15-minute close below 23,280, 54,144 and 74,036 respectively.
- No-trade zone: Avoid fresh directional trades inside 23,280-23,515, 54,144-54,689 and 74,036-74,740 unless scalping with tight risk.
- Fake move risk: If price breaks resistance but closes back inside the range within the next candle, treat it as a trap and wait for a second confirmation.
Global Market Overview
Global cues are mixed. Asian markets were weak, while U.S. markets were uneven, with the Dow firm and tech softer. Crude remains a key risk variable, with Brent near the mid-$90 zone in the latest open-source update.
Indian Market Recap
Indian benchmarks reversed early gains as traders reacted to the RBI policy tone and growth outlook. Latest provisional flow data showed FIIs as net sellers and DIIs as net buyers, keeping domestic liquidity supportive but not risk-free.
Trending: CMR Green Technologies IPO GMP
As checked on 05-06-2026, the keyword cmr green technologies ipo gmp is trending because the IPO closes today. Business Standard reported the IPO size at Rs 630.88 crore, a price band of Rs 182-192, and lot size of 78 shares. InvestorGain showed GMP at Rs 70 on 05-06-2026, with an estimated listing price of Rs 262, while noting GMP is unofficial and indicative only.
This IPO buzz may support primary-market sentiment, but index traders should not let GMP headlines override live price confirmation.
Trading Strategy
Bullish strategy: Buy dips near 23,280, 54,144 and 74,036 only if candles reject lower levels. Add above 23,515, 54,689 and 74,740 after a 15-minute close.
Bearish strategy: If supports break and retests fail, short toward 23,155, 53,870 and 73,800 first. Trail stops quickly because the broader bias is still bullish.
Key Support And Resistance Level
| Index | Key Range | Upside Targets | Downside Targets |
|---|---|---|---|
| Nifty | 23,280-23,515 | 23,616, 23,735, 23,868 | 23,155, 22,995, 22,840 |
| Bank Nifty | 54,144-54,689 | 54,862, 55,121, 55,506 | 53,870, 53,526, 53,084 |
| Sensex | 74,036-74,740 | 74,973, 75,365, 75,722 | 73,800, 73,497, 73,245 |
Market Sentiment
The Option Matrix India view is cautiously bullish. The probability favors upside continuation if the first hour holds above support, but failed breakouts can create fast reversals. Risk per trade should stay controlled.
Conclusion
This Technical analysis for 08-06-2026 keeps Nifty Predictions, Bank Nifty Predictions and Sensex Predictions aligned with a bullish intraday bias. Trade the breakout only after confirmation, respect the support and resistance level, and avoid oversized positions near the no-trade zone.
FAQ
What is the Nifty range for 08-06-2026?
The key intraday range is 23,280-23,515.
What is the Bank Nifty trend?
The trend is bullish above 54,144, with confirmation above 54,689.
What can invalidate the bullish view?
A 15-minute close below the key supports can shift the market into a corrective setup.
Is this a guaranteed trading call?
No. It is an educational market view based on technical levels and live market context.
Disclaimer
This article is for educational and informational purposes only. It is not investment advice. Trading involves risk; consult a registered financial advisor before taking market positions.