In this article, we have analyzed Nifty Prediction For Tomorrow 27th December 2024, for Sensex, Nifty, Bank Nifty, Midcap Nifty, and Finnifty.
Market Prediction For 27th December
Market Prediction for 27th December 2024
Today, the markets experienced a Nifty monthly expiry, opening with a slight gap-up, followed by a small upside spike. However, a sharp reversal occurred, and indices traded within a range, especially Nifty. In contrast, Bank Nifty and other indices showed volatility but failed to sustain their bounces. The closing near the day’s low highlights a lack of buyer strength and the dominance of sellers. This price action suggests that the market remains a sell-on-rise environment, where selling opportunities should be explored on any upward move. Below is the detailed analysis for each index:
Nifty Prediction For 27th December
Nifty Prediction For Tomorrow 27th December 2024
Nifty closed at 23,750, reflecting a weak session where bounces were sold off quickly. Sellers controlled the momentum, and the inability to break above critical resistance indicates a bearish sentiment. For tomorrow, focus remains on key support and resistance levels to trade effectively.
- Support: 23,640
- Resistance: 23,870
- Buying Area: 23,880
- Selling Area: 23,630 & 24020
- Tentative Range: 23,550–23,920
- No Trade Zone: 23,650–23,850
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Bank Nifty Prediction For 27th December
Bank Nifty Prediction For Tomorrow 27th December 2024
Bank Nifty closed at 51,170, exhibiting higher volatility compared to Nifty. Despite a gap-up opening, bounces were consistently sold, with the index closing near its day’s low. This suggests a lack of conviction from buyers. Tomorrow, selling opportunities will likely emerge at higher levels.
- Support: 50,900
- Resistance: 51,450
- Buying Area: 51475
- Selling Area: 51,000
- Tentative Range: 50,650–51,850
- No Trade Zone: 51,000–51,500
Finnifty Prediction For 27th December
Finnifty Prediction for 27th December
Finnifty closed at 23,743, struggling to maintain momentum throughout the session. The selling pressure remained persistent, especially during bounces, and the index closed near its low. Tomorrow, expect further selling dominance with resistance acting as a cap.
- Support: 23,680
- Resistance: 23,850
- Buying Area: 23,690
- Selling Area: 23,850
- Tentative Range: 23,600–24,000
- No Trade Zone: 23,680–23,850
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Midcap Nifty Prediction For Tomorrow 27th December
Midcap Nifty Prediction For Tomorrow 27th December 2024
Midcap Nifty closed at 12,791, mirroring the broader market’s struggles. While it showed some attempts to recover, bounces were unsustainable, and the session ended with sellers in control. Tomorrow, expect resistance levels to play a critical role in capping upside momentum.
- Support: 12,700
- Resistance: 12,830
- Buying Area: 12,710
- Selling Area: 12,830
- Tentative Range: 12,650–12,900
- No Trade Zone: 12,700–12,830
Sensex Prediction For 27th December
Sensex Market Prediction for Tomorrow 27th December
Sensex closed at 78,472, reflecting a choppy session with a bearish bias. Despite early gains, the selling pressure prevailed, resulting in a close near the day’s low. This further solidifies the dominance of sellers in the market.
- Support: 78,400
- Resistance: 78,700
- Buying Area: 78,450
- Selling Area: 78,700
- Tentative Range: 78,200–79,050
- No Trade Zone: 78,400–78,700
Key Observations Across All Indices:
- Seller Dominance: Closing near the day’s low across all indices reinforces the continued strength of sellers.
- Sell-on-Rise Market: Resistance levels remain critical zones for short entries.
- Volatility with Weak Bounces: Indices like Bank Nifty and Midcap Nifty exhibited more volatility, but the failure of bounces to hold indicates bearish sentiment.
- No Trade Zones: Highlighted no trade zones help traders avoid indecisive regions and focus on high-probability trades.
Disclaimer:
The information provided in this market analysis of Bank Nifty Prediction For Tomorrow 26th 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 a trade.
