In this article, we have analyzed the BankNifty Prediction for Monday 18 November 2024, for Banknifty, Nifty, Midcap Nifty, Sensex, and Finnifty.
Nifty Prediction for Monday – 18 November
Nifty Prediction for Monday, 18th November, 2024
Nifty Today continued to display significant weakness, closing below the critical 24000 level on the weekly timeframe, signaling a strong seller’s market. This close has now broken a major support, putting the index in a precarious position. For Nifty Prediction Monday, the next area to watch is 23450, which aligns with the recent election-week high. If Nifty fails to hold here, the 61.8% Fibonacci retracement level and 52-week EMA around 23200 could come into play as the next support. However, with the current bearish sentiment, the market is clearly in a “sell on rise” mode, and any rallies could face heavy resistance.
Nifty Support – 23500
Nifty Resistance – 23700
Nifty Buying Area – 23750
Nifty Selling Area – 23480 & 23700 (Sell on Rise)
No Trade Zone – 23500-23700
Nifty Tentative Range – 23400-23750
BankNifty Prediction for Monday – 18 November
Banknifty Prediction for Monday, 18th November, 2024
Banknifty displayed pronounced weakness today, closing below key levels and confirming the broader bearish trend that’s gripping the market. For Banknifty Prediction Monday, the immediate support level to watch is 49650, where a potential short-term bounce might occur if buyers attempt to defend this area. However, if Banknifty fails to hold this level, the next crucial support lies around 48700, which could act as a stronger foundation in case of continued selling. The market remains in a “sell on rise” mode, indicating that any attempt at a rally will likely meet with significant resistance. With Banknifty showing limited upside potential in this downtrend, traders should proceed cautiously as the bearish outlook continues into next week.
Banknifty Support – 50200
Banknifty Resistance – 50450
BankNifty Buying Area – 50510
Banknifty Selling Area – 50150 & 50450 (Sell On Rise)
No Trade Zone – 50200-50450
Banknifty Tentative Range – 49800-50500
Midcap Nifty Prediction for Monday – 18 November
Midcap Nifty Prediction for Monday, 18th November, 2024
Midcap Nifty remained weak throughout today’s session, closing in line with broader market sentiment. Monday’s session also marks the expiry for Midcap Nifty, adding another layer of volatility. For Midcap Nifty Prediction Monday, we can expect high resistance on any rallies, as market sentiment remains bearish. Support levels to watch lie near recent lows, but with the current “sell on rise” atmosphere, any upside could be capped quickly. Expiry-related volatility may impact trading, and traders should prepare for potential swings as the index remains pressured in the downtrend.
Midcap Nifty Support – 12075
Midcap Nifty Resistance – 12175
Midcap Nifty Buying Area – 12190
Midcap Nifty Selling Area – 12060
No Trade Zone – 12075-12175
Midcap Nifty Tentative Range – 12000-12250
Open Free Demat Account TodayFinnifty Prediction for Monday– 18 November
Finnifty Market Prediction for tomorrow, 18th November, 2024
Finnifty also fell in line with the market-wide decline, pressured by weak bank performance and broader selling. For Finnifty Prediction Monday, this bearish setup suggests limited upside potential unless we see renewed strength in banks. Any rally here is likely to be short-lived, given the strong selling sentiment. As Finnifty typically follows Banknifty’s cues, both indices will likely remain under pressure, with resistance expected on any upward move. Traders should approach with caution as Finnifty remains in a “sell on rise” market.
Finnifty Support – 23130
Finnifty Resistance – 23300
Finnifty Buying Area – 23350
Finnifty Selling Area – 23110 & 23300 (Sell On Rise)
No Trade Zone – 23130-23300
Finnifty Tentative Range – 23050-23400
Sensex Prediction for Monday – 18 November
Sensex Market Prediction for Monday, 18th November, 2024
Sensex Today closed lower, breaking below recent support and extending its downtrend as sellers took control. For Sensex Prediction Monday, this ongoing bearish trend suggests that any recovery could be met with fresh selling. Key levels to watch are near the lower bounds of the current range, and unless buyers step in decisively, the market will likely continue to see downward pressure. Given the overall weak sentiment, Sensex remains a sell-on-rise market, and traders should watch for further declines if the downtrend holds.
Sensex Support – 77600
Sensex Resistance – 78000
Sensex Buying Area- 78050
Sensex Selling Area – 77550
No Trade Zone – 77600-77950
Sensex Tentative Range – 77000-78100
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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.
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