NIFTY Prediction
NIFTY daily trend
NIFTY (21,454) Nifty daily trend is on Bullish. Nifty break his hurdle of 21370 and test the last days closing high of daily candle, which seems the market trying to make new high before new year 2024. When the market is Bullish, the chance of rising of the more stock price. RSI is on 74 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 stoploss of 21340 Fresh short positions can be initiated if Nifty closes below 21270 levels.
NIFTY Support 21370 – 21050 – 21000
NIFTY Resistance 21,508 – 21570 – 21,627
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NIFTY Tentative Range – 21050———————————————————– 21750 |
Also Read : How to Predict Bank Nifty Movement in Advance?
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NIFTY Hourly trend
NIFTY (21,454) 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. 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 21340. Fresh short positions can be initiated if Nifty closes below 21270 levels.
NIFTY Support 21370 – 21050 – 21000
NIFTY Resistance 21,508 – 21570 – 21,627
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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 as nifty consolidated in last 3-4 Hrs, its breakup may be good for intraday. 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 21370 – 21050 – 21000
NIFTY Resistance 21,508 – 21570 – 21,627
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. 6174.15 CRORES | RS. 6269.35 CRORES | RS. -95.2 CRORES |
| DII | RS. 8830.04 CRORES | RS. 8663 CRORES | RS. 167.04 CRORES |
Banknifty Prediction
Bank daily trend
BANKNIFTY (47762) Bank nifty is quite less bullish compare to Nifty. On observing if Bank Nifty break 48248, then we say good move for 500 to 700 Points in Bank nifty. 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 47,420, short positions can be initiated if Banknifty closes below 47400 levels.
BANKNIFTY Support 47,420 – 47200 – 46950
BANKNIFTY Resistance 47,970 – 48,070 – 48,248
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Banknifty Tentative Range – 47200———————————————————– 48250 |
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Banknifty Hourly trend
BANKNIFTY (47762) Banknifty hourly trend now yet to be bullish if sustained above 47970 on hourly resistance. Above 47970 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 47,420, short positions can be initiated if Banknifty closes below 47,400 levels.
BANKNIFTY Support 47,420 – 47200 – 46950
BANKNIFTY Resistance 47,970 – 48,070 – 48,248
Click here to View Banknifty
Banknifty on 15 Min Chart
BANKNIFTY (47762) Banknifty shows consolidation on 15 Min candle chart patterns, it going slow motion on up side it seems Bank Nifty may give one upside good move before some correction. there are two hurdle on 15 Min Candle, 47904 and 48027, if break it may go more upside it is possibilities. short positions can be initiated if Banknifty closes below 47,400 levels.
BANKNIFTY Support 47,420 – 47200 – 46950
BANKNIFTY Resistance 47,970 – 48,070 – 48,248
