In this article, we have analyzed Bank Nifty Prediction For Tomorrow 07th January 2025, Nifty and Bank Nifty Prediction For Tomorrow, for Sensex, Nifty, Bank Nifty, Midcap Nifty, and Finnifty.
Tomorrow Market Prediction -07th January
Today, the markets started the week on a bearish note, with Nifty being heavily sold off, erasing any gains from short covering or temporary buying. The sellers clearly dominated, and the price action suggests continued weakness across indices. The broader structure still supports a sell-on-rise strategy, as the market struggles to maintain upward momentum.
Additionally, concerns around the HMPV virus have raised questions about potential impacts on the market. While it’s premature to draw definitive conclusions, traders should remain cautious and observe developments closely. Below is the detailed analysis and key levels for all major indices for 7th January 2024.
Nifty Prediction For Tomorrow 07th January
Nifty Prediction for Tomorrow 7th January 2024
Nifty closed at 23,616, showing significant weakness as sellers overwhelmed the market. Despite earlier attempts to hold key levels, the index failed to sustain any upward momentum. The outlook remains bearish unless a strong reversal is seen. For tomorrow, focus on resistance levels for shorting opportunities.
- Support: 23565
- Resistance: 23700
- Buying Area: 23730
- Selling Area: 23560 & 23700 (Sell On Rise)
- Tentative Range: 23450–23950
- No Trade Zone: 23550–23700
Bank Nifty Prediction For Tomorrow 07th January
Bank Nifty Prediction for Tomorrow 7th January 2024
Bank Nifty closed at 49,922, underperforming significantly and breaking below key psychological levels. Sellers continue to dominate, and shorting opportunities remain favorable near resistance levels.
- Support: 49750
- Resistance: 50200
- Buying Area: 50250
- Selling Area: 49725 & 50200(Sell On Rise)
- Tentative Range: 49200–50300
- No Trade Zone: 49750–50200
Finnifty Prediction For Tomorrow
Finnifty Prediction for 7th January 2024
Finnifty closed at 23,317, mirroring the weakness seen in Nifty. The index showed no signs of sustained buying, and shorting near resistance levels remains the preferred strategy.
- Support: 23,200
- Resistance: 23,500 & 23,700
- Buying Area: 23,230 & 23,150 (If Takes Support)
- Selling Area: 23,500 & 23,700
- Tentative Range: 23,150–23,750
- No Trade Zone: 23,200–23,500
Midcap Nifty Prediction for 7th January
Midcap Nifty Prediction for 7th January 2024
Midcap Nifty closed at 12,696, under pressure from sustained selling. The index has struggled to hold above key levels, and the bearish sentiment remains dominant.
- Support: 12,600
- Resistance: 12,800 & 12,900
- Buying Area: 12,620 & 12,550 (If Takes Support)
- Selling Area: 12,800 & 12,900
- Tentative Range: 12,550–12,950
- No Trade Zone: 12,600–12,800
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Sensex Prediction for 7th January
Sensex Prediction for 7th January 2024
Sensex closed at 77,964, failing to hold earlier gains and ending the session with significant losses. The broader structure remains weak, and shorting opportunities at resistance levels should be prioritized.
- Support: 77,700
- Resistance: 78,300 & 78,600
- Buying Area: 77,750 & 77,500 (If Takes Support)
- Selling Area: 78,300 & 78,600
- Tentative Range: 77,500–78,700
- No Trade Zone: 77,700–78,300
Disclaimer:
The information provided in this market analysis of Bank Nifty Prediction For Tomorrow 07th January 2025 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.
Good Mack vai.