NIFTY Prediction Today for 29 December 2023 | Nifty Predication Today

NIFTY Prediction

NIFTY daily trend

NIFTY (21,774) Nifty daily trend is on Bullish. Nifty on life time high before starting of New Year 2024 as we expected and predicted in last day. As per data and bull run may be continued for next days. on 28th Dec 2023 Nifty sustained on is higher level which seems that Nifty have  potential to go more upside. FIIs are consistently Buy on dip. As we predicted Nifty cross 21750 easily. Please Note it is important FFI Index Future and Option position is on short. 

          When the market is Bullish, the chance of rising of the more stock price. RSI is on about 74 and may possibility to rise more upto 85 before correction on daily candle, However India Vix also rising which seems some fear in market, but is ok till below 20. 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 for some corrections. We are expecting a Doji on top in next days. 

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. . on 28 Dec 2023, last closing hour candle indication some profit booking may be done by smart players. If you are holding long positions then maintain strict closing stoploss of 21680 on Intrady basis and next SL is 21570. Fresh short positions can be initiated if Nifty closes below 21570 levels. 

NIFTY Support 21570 – 21370- 21270

NIFTY Resistance 21,750- 21800 – 21,927

Also read :- Latest News for next year

NIFTY on 15 Min Candle chart 

NIFTY (21,454) Nifty on 15 Min candle chart is now up trend. there is now mix view on 15 Min Candle. Always consider for perfect market view on 15 Min Candle. 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. Go short while Nifty break 21670 on 15 Min Candle with 100 Points target. 

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. 13489.78 CRORES	RS. 9130.79 CRORES	RS. 4358.99 CRORES *
DII	RS. 18258.2 CRORES	RS. 18121.56 CRORES	RS. 136.64 CRORES

* FFI are fully bullish

Banknifty Prediction

Bank daily trend

BANKNIFTY (48508) 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 28 Dec 2023. Now Bank Nifty may go more up side. On 28 Dec 2023 Nifty is on confusion on one day Candle. Both side possibility may be up or down. As per team expectation, upside possibility is strong and Banknifty may touch 49000 before.

Banknifty weighted Banking Sector are on some consolidation face and may take a upside move.  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. 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 48248  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

Click here to View Banknifty daily chart

Banknifty Hourly trend 

BANKNIFTY (48484) Banknifty  hourly trend is bullish.  on 28 Dec 2023 on hourly candle are on consolidation, on side break may be good move. Always be careful on long position, some smart players may try to profit booking. 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 48248,  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 again on consolidation zone on 15  Min candle chart patterns, Last session 15 Min Candle was continuing declined on resistance.  go long above 48600 and short below only 48248.

BANKNIFTY Support 47950 – 48050 – 48248

BANKNIFTY Resistance 48550- 48,727 – 48950