In this article, we have analyzed the Bank Nifty Outlook For Tomorrow 18th December 2024, for Bank Nifty, Sensex, Nifty, Midcap Nifty, and Finnifty.
Market Outlook For Tomorrow 18th December 2024
Market Prediction for Tomorrow: 18th December 2024
The market’s roller-coaster continued today with a sharp selloff across all major indices, wiping out significant gains and closing near the day’s low. This sharp reversal underscores the current confusion and lack of clear direction among market participants, making it challenging to trade this volatile price action. However, when we shift our perspective to larger timeframes like the weekly chart, the bullish structure remains intact as long as key support levels are held. Below these levels, sellers could dominate and potentially trigger a trend reversal.
Here’s the detailed analysis and target index prediction for tomorrow for each index.
Open Free Demat Account TodayNifty Prediction For Tomorrow 18th December
Nifty Prediction for Tomorrow
The Nifty 50 experienced a massive drop, closing 330 points lower at 24,336, driven by broad-based selling. Despite today’s decline, the weekly support at 24,180 remains crucial. A breakdown below this level could lead to intensified selling pressure and a shift in sentiment. For any meaningful recovery, Nifty must reclaim 24,500, which could re-ignite bullish momentum.
- Nifty Support: 24,180
- Nifty Resistance: 24,500
- Buying Area: Above 24,380
- Selling Area: Below 24,250
- No Trade Zone: 24,250–24,380
- Tentative Range: 24,200–24,550
Bank Nifty Prediction For Tomorrow – 18th December 2024
Bank Nifty Outlook For Tomorrow
The Bank Nifty bore the brunt of selling pressure, closing 746 points lower at 52,834. The index approached its key support level of 52,264, which holds the key to the overall trend. A sustained break below this could trigger aggressive selling, while a bounce above 53,000 might provide hope for a recovery. For now, caution is advised in this volatile zone.
- Bank Nifty Support: 52,264
- Bank Nifty Resistance: 53,200
- Buying Area: Above 52,850
- Selling Area: Below 52,500
- No Trade Zone: 52,500–52,850
- Tentative Range: 52,300–53,300
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Sensex Prediction For Tomorrow – 18th December
Sensex Prediction for Tomorrow 18th December 2024
The Sensex plummeted 1,064 points, closing at 80,684, reflecting significant bearish sentiment. This marks a critical juncture, as the index inches closer to its psychological support zone. For any recovery to take hold, Sensex must trade firmly above 81,000. A breach below 80,500 could invite further downside pressure.
- Sensex Support: 80,500
- Sensex Resistance: 81,200
- Buying Area: Above 80,750
- Selling Area: Below 80,400
- No Trade Zone: 80,400–80,750
- Tentative Range: 80,300–81,300
Finnifty Prediction For Tomorrow – 18th December
Finnifty Market Prediction for Tomorrow
The Finnifty also succumbed to selling pressure, closing 358 points lower at 24,498. While the broader trend remains cautiously bullish, holding the support at 24,400 is critical to avoiding further downside. For upward momentum to resume, Finnifty must cross and sustain above 24,650.
- Finnifty Support: 24,400
- Finnifty Resistance: 24,650
- Buying Area: Above 24,520
- Selling Area: Below 24,350
- No Trade Zone: 24,400–24,520
- Tentative Range: 24,350–24,700
Midcap Nifty Prediction For Tomorrow -18th December
Midcap Nifty Prediction for Tomorrow
The Midcap Nifty shed 116 points, closing at 13,091. While the index continues to display resilience relative to its peers, its support level at 13,000 becomes critical. A breakdown below this level might trigger a broader selloff in midcap stocks.
- Midcap Nifty Support: 13,000
- Midcap Nifty Resistance: 13,200
- Buying Area: Above 13,120
- Selling Area: Below 12,980
- No Trade Zone: 13,000–13,120
- Tentative Range: 12,950–13,250
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Market Outlook For Tomorrow
Market Outlook for 18th December 2024
The market’s trend remains bullish on higher timeframes, but today’s sharp selloff and close near day’s low signal caution. As long as key support levels are respected (Nifty: 24,180, Bank Nifty: 52,264), buyers have the upper hand. However, any breach of these levels could lead to a potential trend reversal, giving sellers control of the markets.
Trading Strategy
For Buyers: Wait for a retest or bounce near support levels before entering long positions.
For Sellers: Monitor key breakdown levels for shorting opportunities.
Risk Management: Use tight stop-losses to navigate the volatile price action.
Stay prepared for tomorrow’s session and adapt your strategy to the ongoing market dynamics!
Disclaimer:
The information provided in this market analysis of Tomorrow Bank Nifty Prediction 17th 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 trade.
