Nifty Prediction For Monday 16th December 2024

In this article, we have analyzed the Nifty Prediction For Monday 16th December 2024, for Sensex, Nifty, Bank Nifty, Midcap Nifty, and Finnifty.

Market Prediction For Tomorrow

Market Prediction for Tomorrow 16th December 2024

The Indian stock markets wrapped up the week with impressive momentum, indicating renewed confidence among buyers. Friday’s session saw strong directional movement across indices, as bullish sentiment dominated despite initial volatility. The breakout in Nifty and robust performance of Bank Nifty point toward a continuation of the uptrend. With market structure turning decisively bullish, Monday could bring more upside, provided indices sustain key support levels.

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Nifty Prediction for Monday

Nifty Prediction for Tomorrow 16th December 2024
The Nifty 50 closed at 24,768, up 219 points on Friday, breaking its recent range and signaling a potential rally. The strong closing near the day’s highs confirms buyers’ dominance. If Nifty holds above the critical 24,700 support zone, traders can expect further upside, especially toward the 24,900–25,000 levels.

Tomorrow Nifty Prediction

• Support: 24,700
• Resistance: 24,900
• Buying Area: Above 24,780
• Selling Area: Below 24,650
• No Trade Zone: 24,650–24,780
• Tentative Range: 24,650–25,000

Bank Nifty Prediction For Monday

Bank Nifty Prediction for Tomorrow 16th December 2024
The Bank Nifty exhibited remarkable strength, climbing 367 points to close at 53,583. Banks led the charge in Friday’s rally, with private sector banks outperforming. The breakout signals a clear buy-on-dips opportunity. Sustaining above 53,500 could pave the way for a move toward 54,000 or higher.

• Support: 53,400
• Resistance: 54,000
• Buying Area: Above 53,600
• Selling Area: Below 53,300
• No Trade Zone: 53,300–53,600
• Tentative Range: 53,300–54,200

Also Read this: 7 Midcap Stocks that hit 52 week highs

Sensex Prediction For Tomorrow

Sensex Market Prediction for Monday 16th December 2024
The Sensex surged by 843 points to close at 82,133, reflecting broad-based buying interest. A close above 82,000 is highly encouraging for bulls, and further gains toward the 82,500–82,800 levels are anticipated if momentum persists.

• Support: 81,700
• Resistance: 82,500
• Buying Area: Above 82,150
• Selling Area: Below 81,600
• No Trade Zone: 81,600–82,150
• Tentative Range: 81,600–82,800

Finnifty Prediction For Tomorrow

Finnifty Market Prediction for Tomorrow 16th December 2024
The Finnifty climbed by 153 points to close at 24,880. The index has entered a strong upward trajectory and could target the 25,000 mark if buyers sustain above key support levels.

• Support: 24,750
• Resistance: 25,050
• Buying Area: Above 24,900
• Selling Area: Below 24,700
• No Trade Zone: 24,750–24,900
• Tentative Range: 24,700–25,100

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Midcap Nifty Prediction For Monday

Midcap Nifty Prediction for Monday 16th December 2024
The Midcap Nifty gained 63 points, closing at 13,134. Midcaps are showing signs of renewed interest, with strong sectoral rotation supporting the index. Sustained movement above 13,100 could trigger fresh buying interest.

• Support: 13,050
• Resistance: 13,200
• Buying Area: Above 13,150
• Selling Area: Below 13,050
• No Trade Zone: 13,050–13,150
• Tentative Range: 13,000–13,250

Disclaimer:

The information provided in this market analysis of Nifty Prediction For Monday 16th 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.