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NIFTY Prediction for 26 December 2023 | Market Predication

NIFTY Prediction

NIFTY daily trend

NIFTY (21,349) Nifty daily trend is on Bullish.When the market is Bullish, the chance of rising of the more stock price. But Market also showing overbought and may correct as RSI is also indicating the same. If you are holding long positions then continue to hold with daily closing stoploss of 21270 Fresh short positions can be initiated if Nifty closes below 21270 levels. 

NIFTY Support 2170 – 21050 – 21000

NIFTY Resistance 21,400 – 21470 – 21,570

NIFTY Tentative Range – 21050———————————————————– 21570

Also Read How to Predict Bank Nifty Movement in Advance?

Niftypredictiontoday.com

NIFTY Hourly trend 

NIFTY (21,349) Nifty hourly trend is Bullish. Market showing consolidation on hourly candles and not break above 21370 with confirmation. Needs to be more careful before taking any long position now as on profit booking zone. If you are holding long positions then maintain strict closing stoploss of 21300. Fresh short positions can be initiated if Nifty closes below 21270 levels. 

NIFTY Support 21220 -21114 – 20950

NIFTY Resistance 21,370 – 21,394 – 21,433

Niftypredictiontoday.com

NIFTY on 15 Min Candle chart 

NIFTY (20,906) Nifty on 15 Min candle chart is now up trend. there is good buying opportunity on 15 Min  Candle.  overall trend is Bullish, so when your short strictly followed the support area a sudden downside 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 21270 levels. 

NIFTY Support/Target 21300 – 21240 -21184

NIFTY Resistance 21,386 -21427 – 21500

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

Niftypredictiontoday.com

FII and DII CAPITAL MARKET ACTIVITY 

INSTITUTION  BUY VALUE  SELL VALUE  NET VALUE 
FII RS. 16037.09 CRORES  RS. 15960.23 CRORES  RS. 76.86 CRORES 
DII RS. 12206.24 CRORES  RS. 10282.92 CRORES  RS. 1923.32 CRORES 

Banknifty Prediction

Bank daily trend

BANKNIFTY (47,098) Banknifty  currently in bullish trend. On observing market break 47200 and last day low which show some profit booking and now on support. FIIs are bullish, if any dip in banknifty it is only buying opportunity.  If your are in  long positions then continue to hold with daily closing stoploss of 46,950,  short positions can be initiated if Banknifty closes below 46,550 levels.

BANKNIFTY Support 46,950 – 46,745 – 46,550

BANKNIFTY Resistance 47,440 – 47,640 – 47,940

Banknifty Tentative Range – 46740———————————————————– 47,940

Click here to View Banknifty daily chart

Banknifty Hourly trend 

BANKNIFTY (47,098) Banknifty  hourly trend is only bullish. Above 47300 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 46,950,  short positions can be initiated if Banknifty closes below 46,550 levels.

BANKNIFTY Support 46,950 – 46,745 – 46,550

BANKNIFTY Resistance 47,440 – 47,640 – 47,940

Click here to View Banknifty

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