In this article, we have analyzed Market Prediction For 20th December 2024 | Tomorrow Nifty & Bank Nifty Prediction, for Sensex, Nifty, Bank Nifty, Midcap Nifty, and Finnifty.
Market Prediction For Tomorrow
Market Prediction For 20th December 2024
The Indian markets witnessed a sharp sell-off today, driven by a global meltdown as the US markets crashed following the FED’s rate cut decision. While the rate cut initially seemed positive, the accompanying hawkish commentary about the economic outlook created panic among investors. The result was a significant gap-down opening across all major indices, followed by a lackluster and sideways trading session. Despite attempts to stabilize after the initial plunge, the overall sentiment remains weak, reflecting uncertainty and caution among participants.
Today’s price action highlights the fragility of the current market structure. Traders are now grappling with conflicting signals—while the broader weekly timeframes retain a cautiously bullish undertone, the immediate trend has turned bearish. With Friday marking the end of the trading week, the upcoming weekly close will play a pivotal role in determining market direction in the weeks ahead.
Nifty Prediction For Tomorrow
Nifty Prediction for Tomorrow 20th December 2024
The Nifty 50 continues to show signs of weakness, with bearish sentiment dominating after the recent breakdown. Despite the decline, the broader structure is still attempting to hold its ground on a weekly timeframe. However, any sustained selling pressure could exacerbate the downward trend. Traders should be cautious and wait for clear signs of stability before taking directional bets. Expect volatility to persist, with recovery attempts likely to face challenges.
Nifty Prediction for Tomorrow
- Nifty Support: 23875
- Nifty Resistance: 24000
- Buying Area: Above 24025
- Selling Area: Below 23850
- No Trade Zone: 23875–24000
- Tentative Range: 23800–24100
Bank Nifty Prediction For Tomorrow
Bank Nifty Prediction for Tomorrow 20th December 2024
The Bank Nifty experienced substantial selling pressure, reflecting weakness in the banking sector. The index has been struggling to reclaim lost momentum, with bearish signals becoming more prominent. While some intraday recoveries may be possible, the overall trend remains tilted toward the downside. This calls for a measured and disciplined approach, especially for intraday and swing traders.
Bank Nifty Prediction for Tomorrow
- Bank Nifty Support: 51470
- Bank Nifty Resistance: 51775
- Buying Area: Above 51825
- Selling Area: Below 51425
- No Trade Zone: 51470–51775
- Tentative Range: 51200–52200
Sensex Prediction For Tomorrow
Market Prediction For 20th December – Sensex
The Sensex mirrored the broader market sentiment, experiencing heavy losses throughout the session. The trend appears cautious, with selling pressure overshadowing any recovery attempts. A strong weekly close will be critical to instilling confidence among market participants. Traders are advised to focus on high-quality stocks and avoid speculative bets until market conditions stabilize.
Tomorrow Sensex Prediction
- Sensex Support: 78,800
- Sensex Resistance: 79,700
- Buying Area: Above 79,750
- Selling Area: Below 78,750
- No Trade Zone: 78,800–79,700
- Tentative Range: 78,300–80,300
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Finnifty Prediction For Tomorrow
Market Prediction For 20th December – Finnifty
The Finnifty index reflected broader market weakness, as volatility and selling pressure dominated the session. The financial sector has shown vulnerability to global cues, and tomorrow’s weekly close will be pivotal in setting the tone for upcoming sessions. Despite the bearish trend, selective opportunities may arise in resilient counters, but the overall bias remains cautious.
Tomorrow Finnifty Prediction
- Finnifty Support: 23,700
- Finnifty Resistance: 24,200
- Buying Area: Above 24,250
- Selling Area: Below 23,650
- No Trade Zone: 23,700–24,200
- Tentative Range: 23,500–24,500
Midcap Nifty Prediction For Tomorrow
Market Prediction For 20th December – Midcap Nifty
The Midcap Nifty showcased relative strength compared to other indices, with losses being less pronounced. While midcaps have been resilient in recent sessions, the index faces headwinds amid broader market weakness. Traders should remain selective and focus on fundamentally strong stocks within this segment.
Tomorrow Midcap Nifty Prediction
- Midcap Nifty Support: 12,950
- Midcap Nifty Resistance: 13,150
- Buying Area: Above 13,180
- Selling Area: Below 12,920
- No Trade Zone: 12,950–13,150
- Tentative Range: 12,900–13,200
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Market Outlook For Tomorrow – Summary
Summary for Tomorrow’s Market Outlook
Back-to-back selling and heightened volatility have created a challenging environment for traders. The bearish sentiment from global markets continues to exert pressure on domestic indices, and tomorrow’s weekly close will be critical in determining near-term trends. While the broader structure still hints at long-term bullish potential, the immediate trend calls for caution. A disciplined approach with a focus on strong technical and fundamental setups is essential for navigating these turbulent markets.
Disclaimer:
The information provided in this market analysis of Market Prediction For 20th December 2024 is for general informational purposes only and does not constitute financial advice. We are not SEBI Registered. you may consult your Financial advisor before taking a trade.
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