In this article, we have analyzed the Nifty & Bank Nifty Prediction For Monday 09th December 2024, for Sensex, Nifty, Bank Nifty, Midcap Nifty, and Finnifty.
Market Prediction For Monday 09th December
Market Prediction for Monday – 9th December 2024
After a hectic and volatile Thursday, markets took a breather on Friday with a range-bound session despite the RBI meet. Even though the indices saw minor fluctuations, the weekly close was crucial, and it came strong across all indices, signaling a clear trend reversal, especially in banks with Banknifty leading the rally. The performance suggests a potential positive setup heading into Monday, but profit-taking cannot be ruled out.
Nifty Prediction For Monday 09th December
Nifty & Bank Nifty Prediction For Monday 09th December – Nifty Prediction
Nifty closed at 24,501, down by 30 points, but held its key support levels. A clear breakout above 24,550 could signal continuation of the uptrend, while breaking below 24,450 might lead to short-term weakness.
Support: 24,450
Resistance: 24,575
Buying Area: 24,580
Selling Area: 24,430
No Trade Zone: 24,450-24,575
Tentative Range: 24,400-24,650
Bank Nifty Prediction For Monday 09th December
Nifty & Bank Nifty Prediction For Monday 09th December – Bank Nifty Prediction
Banknifty closed at 53,381, down by 94 points, but remains the leader of the rally. It is still the strongest among all indices. A move above 53,500 will reinforce buyer dominance, while support at 53,275 remains critical.
Support: 53,275
Resistance: 53,550
Buying Area: 53,600
Selling Area: 53,250
No Trade Zone: 53,275-53,550
Tentative Range: 53,100-53,750
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Sensex Prediction For Monday 09th December
Sensex Market Prediction for Monday 09th December 2024
Sensex ended at 81,421, down by 54 points. The closing above 81,400 is a positive sign. A breakout above 81,750 will confirm further momentum while holding above 81,200 is essential for maintaining an uptrend.
Support: 81,200
Resistance: 81,750
Buying Area: 81,800
Selling Area: 81,175
No Trade Zone: 81,200-81,750
Tentative Range: 81,000-82,000
Finnifty Prediction For Monday 09th December
Finnifty Market Prediction for Monday 09th December
Finnifty closed at 24,902, up by 27 points, signaling strength but lagging compared to Banknifty. A break above 25,000 will lead to fresh buying opportunities.
Support: 24,750
Resistance: 25,025
Buying Area: 25,050
Selling Area: 24,725
No Trade Zone: 24,750-25,025
Tentative Range: 24,700-25,100
Midcap Nifty Prediction For Monday 09th December
Midcap Nifty Prediction for Monday 09th December
Midcap Nifty closed at 12,631, up by 23 points, continuing its steady climb. It remains the slowest mover but holds the potential for selective opportunities.
Support: 12,725
Resistance: 12,890
Buying Area: 12,900
Selling Area: 12,715
No Trade Zone: 12,725-12,890
Tentative Range: 12,700-12,950
Disclaimer:
The information provided in this market analysis of Nifty & Bank Nifty Prediction For Monday 09th 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.
