In this article, we have analyzed the Bank Nifty Prediction For Tomorrow 05th December 2024, for Sensex, Nifty, Bank Nifty, Midcap Nifty, and Finnifty.
Market Prediction for Tomorrow – 05th December
Market Prediction for Tomorrow – 05th December 2024
Today, the markets showed mixed action: while there was a significant upward movement during the day, Nifty faced a sharp reversal around 24,540, eventually closing flat with a minor gain of 10 points. However, Banknifty displayed strength with a 571-point rise, and other indices like Sensex, Midcap Nifty, and Finnifty followed suit with gains.
The structure is beginning to look good for an upside reversal, but Nifty remains the laggard and must move decisively to confirm the bullish trend. For tomorrow, all levels have been adjusted based on today’s price action.
Nifty Prediction – 05th December
Nifty Prediction for Tomorrow – 05th December 2024
Nifty closed almost flat despite intraday volatility. For Nifty Prediction for Tomorrow, watch for a close above 24,500 to confirm a trend reversal.
Support: 24350
Resistance: 24550
Buying Area: 24575
Selling Area: 24325
No Trade Zone: 24350-24550
Tentative Range: 24275-24600
Bank Nifty Prediction – 05th December
Bank Nifty Prediction For Tomorrow 05th December 2024
Banknifty continues to lead the market with a sharp rise of 571 points, closing strong. For Banknifty Prediction for Tomorrow, a sustained move above 53,000 will further confirm bullish momentum.
Support: 52975
Resistance: 53350
Buying Area: 53375
Selling Area: 52950
No Trade Zone: 52975-53350
Tentative Range: 52800-53500
Sensex Prediction – 05th December
Sensex Prediction for Tomorrow – 05th December 2024
Sensex followed the broader trend with a gain of 110 points. For Sensex Prediction for Tomorrow, levels suggest consolidation with an upward bias.
Support: 80650
Resistance: 81000
Buying Area: 81025
Selling Area: 80625
No Trade Zone: 80650-81000
Tentative Range: 80450-81200
Finnifty Prediction – 05th December
Finnifty Prediction for Tomorrow – 05th December 2024
Finnifty closed 266 points higher, showing resilience. For Finnifty Prediction for Tomorrow, expect continued strength with a watchful eye on resistance levels.
Support: 24250
Resistance: 24475
Buying Area: 24500
Selling Area: 24225
No Trade Zone: 24250-24475
Tentative Range: 24150-24550
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Midcap Nifty Prediction – 05th December
Midcap Nifty Prediction for Tomorrow – 05th December 2024
Midcap Nifty climbed 114 points, maintaining a steady upward trajectory. For Midcap Nifty Prediction for Tomorrow, the range remains constructive for buying on dips.
Support: 12700
Resistance: 12825
Buying Area: 12850
Selling Area: 12690
No Trade Zone: 12700-12825
Tentative Range: 12650-12900
Disclaimer:
The information provided in this market analysis 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.
