Stock Market Prediction For Tomorrow 23 October 2024

In this article, we have analyzed the Stock Market Prediction For Tomorrow 23 October 2024, for Sensex, Nifty, Bank Nifty, Midcap Nifty, and Finnifty.

Nifty Prediction For Tomorrow – 23 October

In Today’s Market Analysis For 23rd October Wednesday, As far as Nifty is Concerned Today It Broke All Major Support & Went Down With Full Force & Closed Weak Below 24500, Keeping In Mind Us Election Results It will be interesting to see how Nifty Behaves in Coming Days, I discussed in my free Telegram Channel you can Click here & Join, For Nifty Prediction For Tomorrow We Have To See Where We Open & If There has to be a sharp reversal then most probably Nifty will go down in the first half and recover from there and close strong towards day high, I am planning to build some positional positions in Nifty tomorrow, You can watch detailed analysis for Tomorrow Nifty Prediction At The End Of The Blog

Nifty Support – 24365

Nifty Resistance – 24550

Nifty Buying Area – 24575

Nifty Selling Area – 24440 & 24880 (If takes Resistance)

No Trade Zone – 24450-24570

Nifty Tentative Range – 24300-24700

Bank Nifty Prediction For Tomorrow – 23 October

As far as Bank Nifty Prediction For Tomorrow is Concerned After Showing Some Strength Last Week, This Week Banknifty has given up all gains and most importantly has closed below an important support of 51670 in Bank nifty today, For Tomorrow Bank nifty It will be important to see how Banknifty Behaves near 51130 as that’s very strong support in Bank nifty Tomorrow, If that Breaks it will be just aggressive selling in Banknifty Tomorrow

Bank Nifty Support – 51150

Bank Nifty Resistance – 51670

Bank Nifty Buying Area – 51670

Bank Nifty Selling Area – 51130 & 51880

No Trade Zone – 51140-51670

Banknifty Tentative Range – 50800-51500

Midcap Nifty Prediction for Tomorrow – 23 October

Stock Market Prediction For Tomorrow, Wednesday, 23 October
Midcap Nifty Prediction for Tomorrow – 23rd October

So Yesterday Midcap Nifty was Trending & Closed Weak,Today it did the same and we are seeing consistent selling in Midcap Nifty which is making it really good to trade specially if you are a Trend Trader & Here are The Key Levels In Midcap Nifty For Tomorrow

Midcap Nifty Support – 12400

Midcap Nifty Resistance – 13550

Midcap Nifty Buying Area – 13575

Midcap Nifty Selling Area – 12395

No Trade Zone – 12400-12550

Midcap Nifty Tentative Range – 12325-12500

Sensex Prediction for – 23 October

Stock Market Prediction For Tomorrow – 23rd October
Sensex Prediction For Today 23rd October, 2024

So Sensex Today Along with the whole market went down aggressively and we closed weak and near day’s low,For Tomorrow these are the areas to focus on for Tomorrow Sensex Prediction

Sensex Support – 80150

Sensex Resistance – 80650

Sensex Buying Area- 80700

Sensex Selling Area – 80050

No Trade Zone – 80100-80600

Sensex Tentative Range – 79800-80700

Finnifty Prediction For – 23 October

Finnifty Prediction For Tomorrow 22nd October, 2024

Finnifty Today was volatile in its expiry and also showed consistent weakness and selling at all bounces,For Tomorrow Finnifty Prediction Here are the key areas to focus on

Finnifty Support – 23675

Finnifty Resistance – 24890

Finnifty Buying Area – 23900

Finnifty Selling Area – 23650

No Trade Zone – 23675-23875

Finnifty Tentative Range – 23600-23975

Conclusion:

In conclusion, the stock market prediction for Tomorrow October 23, 2024, highlight a cautious outlook across several key indices, including Nifty, Bank Nifty, Midcap Nifty, Sensex, and Finnifty.

Nifty ended the day weak, falling below 24,500. Important support is at 24,365, while resistance is at 24,550. If Nifty opens low, it might dip further before potentially recovering later in the day. Buying opportunities could arise around 24,575, while sellers should watch for 24,440 and 24,880.

Bank Nifty also closed lower, slipping below 51,670. The crucial support level to watch is 51,130; if this breaks, we could see more aggressive selling. Resistance remains at 51,670, with buying opportunities around this level and selling near 51,130.

Midcap Nifty showed consistent weakness, closing low again. Key support is at 12,400, and resistance at 13,550. Trend traders may find opportunities, especially near the buying area of 13,575 and selling near 12,395.

Sensex followed a similar pattern, closing near its low. It has support at 80,150 and resistance at 80,650. Traders should look for buying around 80,700 and selling opportunities at 80,050.

Finnifty experienced volatility and selling pressure, with support at 23,675 and resistance at 24,890. Potential buying can occur around 23,900, while selling is suggested near 23,650.

Overall, the market’s behavior tomorrow will largely depend on how these indices react at their support and resistance levels. Traders should remain alert and adjust their strategies accordingly to navigate the evolving market conditions.

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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