Bank Nifty Prediction for 28 Dec 2023

Bank daily trend

BANKNIFTY (48282) Bank nifty  is now bullish and seems clear the road of 49000 and 50,000 in next in coming weeks as Bank Nifty has break his consolidation face. We was expected up side, which is same done by Bank Nifty on 27 Dec 2023. Now Bank Nifty may go more up side. Bank Nifty RSI on 71.15, which  indicating possibility for more upside move. Some profit booking may be done by weak hand, which lead by bank nifty some volatility. 28 Dec 2023 is monthly expiry, which is last expiry of 2023, so possibility of any side. FIIs are bullish, if any dip in bank nifty it is only buying opportunity.  If your are in  long positions then continue to hold with daily closing stoploss of 48000,  short positions can be initiated if Banknifty closes below 47950 levels.

BANKNIFTY Support 47950 – 48050 – 48248

BANKNIFTY Resistance 48550- 48,727 – 48950

Banknifty Tentative Range – 47950———————————————————- 49127

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Banknifty Hourly trend 

BANKNIFTY (48282) Banknifty  hourly trend now clear bullish. Above 47350 think only for buying with strict stoploss, also focus on profit booking, any 100-200 dip think for buying.  If your are in  long positions then continue to hold with hourly closing with stoploss of 48000,  short positions can be initiated if Banknifty closes below 47950 levels.

BANKNIFTY Support 47950 – 48050 – 48248

BANKNIFTY Resistance 48550- 48,727 – 48950

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Banknifty on 15 Min Chart

BANKNIFTY (48282) Banknifty now break his consolidation zone on 15  Min candle chart patterns, it was going slowly on up side as we team expected on 27 Dec 2023, a upside move was possible and same done by Bank Nifty. Last session 15 Min Candle intimidating only think for the buy and declined on resistance only buy opportunity at support. Please note India Vix also rise and sudden downside may be happen,trade with strict stop loss, save your money our team is first moto, some educational post and strategy being published our website, keeping touch with us and grow your money with education. short positions can be initiated if Banknifty closes below 47950 levels.

BANKNIFTY Support 47950 – 48050 – 48248

BANKNIFTY Resistance 48550- 48,727 – 48950

NIFTY Prediction

NIFTY daily trend

NIFTY (21,654) Nifty daily trend is on Bullish. Nifty break his hurdle of 21570 and  closed on life time high before starting of New Year 2024 as we expected and predicted in last day. Now what will be happen? Two points now to be noted, for every traders that Short seller in now on very high risk and 28th Dec 2023 is the monthly expiry. On start market in the morning short seller may exit their position due to monthly expiry  and no doubt Nifty will go up more and expected to cross 21750 easily, if touch, this area is wait and watch some profit booking may be started and nifty may take sudden a dip. 

          When the market is Bullish, the chance of rising of the more stock price. RSI is on about 77 and may possibility to rise more upto 85 before correction on daily candle. If you are holding long positions then continue to hold with daily closing stop loss of 21570 Fresh short positions can be initiated if Nifty closes below 21570 levels only some corrections.  

NIFTY Support 21570 – 21370- 21270

NIFTY Resistance 21,750- 21800 – 21,927

NIFTY Tentative Range – 21570———————————————————– 22222

Also Read : How to Predict Bank Nifty Movement in Advance?

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 NIFTY Hourly trend 

NIFTY (21,654) Nifty hourly trend is Bullish. Nifty break resistance on Hourly Candle, which seems market showing bullishness. Now market is buy on dip on hourly supports. on 27 Dec 2023, last closing hour candle make the decision as clear view of morning, market may gap up opening on 28 Dec 2023, if support by Global Market,If you are holding long positions then maintain strict closing stoploss of 21340. Fresh short positions can be initiated if Nifty closes below 21570 levels. 

NIFTY Support 21570 – 21370- 21270

NIFTY Resistance 21,750- 21800 – 21,927

NIFTY on 15 Min Candle chart 

NIFTY (21,454) Nifty on 15 Min candle chart is now up trend. there is good buying opportunity on 15 Min Candle. Always consider for perfect marker view on 15 Min Candle, inside candle was framed before today last market session really, Always foucs on learning and we shortly provided many educational post for intraday trading, swing trading and much more, keep touch with us, we team have years of experience in Stock market., However overall trend is Bullish, so when your short strictly followed the support area a sudden upside move may come. If you wants to short focus on top, inverted hammer candle on 15 Min  then maintain strict closing stoploss of hammer top. Fresh short positions on intraday can be initiated if Nifty closes below 21570 levels. 

NIFTY Support 21570 – 21370- 21270

NIFTY Resistance 21,750- 21800 – 21,927

Also Read : Stock market holidays: Check list of NSE Holiday 2024

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FII and DII CAPITAL MARKET ACTIVITY 

INSTITUTION	BUY VALUE	SELL VALUE	NET VALUE
FII	RS. 10654.11 CRORES