In this article, we have analyzed Today Market Prediction For 16th October 2024, for Sensex, Nifty, Bank Nifty, Midcap Nifty, and Finnifty.
Nifty Prediction for Today – 16 October
Nifty Prediction for Today 16th October, Wednesday, as far as Nifty is concerned, after last week’s consolidation and closing, we started this week positively. However, today we opened with a gap up and saw a sharp reversal. Currently, where we are trading is a neutral zone neither very bullish nor very bearish. The range-bound zone is 24,800-25,225. Once Nifty breaks out or down from this range, only then can we expect an aggressive directional move. I discussed this in my free Telegram Channel; you can click here to join for Nifty predictions for tomorrow. After today’s price action, it looks like buyers are creating the range only for an upside reversal. Confirmation of that will be given once we close above 25,225. You can watch the detailed analysis for tomorrow’s Nifty prediction at the end of the blog.
Nifty Support – 24975
Nifty Resistance – 25225
Nifty Buying Area – 25230 & 25015 (If Takes Support)
Nifty Selling Area – 24915
No Trade Zone – 24915-25000
Nifty Tentative Range -24850-25225
Today Bank Nifty Prediction – 16 October
As Far as Today Bank Nifty Prediction is Concerned We Have Bank Nifty Expiry Tomorrow & Today It Has Closed Flat, Gave a Dip Near 51700 which we discussed in Yesterday’s Blog a Good Buying Opportunity & Today, Its Consistently Given Up All Gains Of Previous Weeks But Last Week Banknifty Did Not Fell Much & This Week Started Positively and Broke a very Important Resistance of 51670 and after that it moved up smoothly and closed higher, For Banknifty Prediction For Tomorrow It will be also interesting to see where we open
Bank Nifty Support – 51670
Bank Nifty Resistance – 52360
Bank Nifty Buying Area – 52050 & 51670(If takes Support)
Bank Nifty Selling Area – 51550 & 52300 (Sell on Rise)
No Trade Zone – 51550-51650
Bank Nifty Tentative Range – 51650-52350
Finnifty Market Prediction For Tomorrow – 16 October
Finnifty Market Prediction For Tomorrow 16th October, 2024
Today was Finnifty Expiry & Today It was Constantly Taking Rejection From 23900 and closed just below this,Although as compared to other indices it has done pretty well and closed green,For Tomorrow Finnifty Prediction Here are the key areas to focus on
Finnifty Support – 23825
Finnifty Resistance – 23945
Finnifty Buying Area – 23945 & 23820 (If takes Support)
Finnifty Selling Area – 23800 & 24150 (Sell on Rise)
Finnifty Tentative Range – 23750-24150
Midcap Nifty Prediction for Tomorrow – 16th October
Midcap Nifty Today Market Prediction – 16th October
Midcap Nifty Today Market Prediction – 16th October, Wednesday
Midcap Nifty Also Saw Aggressive Selling Last Complete Week But Today It Again Saw Reversal & Dips Were Bought In Midcap Nifty & It Closed Way Above Its Low,Here are The Key Levels In Midcap Nifty For Tomorrow
Midcap Nifty Support – 13080
Midcap Nifty Resistance – 13185
Midcap Nifty Buying Area – 13195
Midcap Nifty Selling Area – 13070
No Trade Zone – 13070-13195
Midcap Nifty Tentative Range – 13050-13275
Sensex Market Prediction For Today – 16 October
Sensex Today Market Prediction – 16th October
Sensex Today Market Prediction For 16th October, 2024
So Sensex Today Gapped Up But Saw Sharp Reversal & Today It Showed Weakness & Closed Lower, For Tomorrow these are the areas to focus on for Tomorrow Sensex Prediction
Sensex Support – 81350
Sensex Resistance – 82025
Sensex Buying Area- 82100 & 81400 (If takes Support)
Sensex Selling Area – 81300
No Trade Zone – 81300-81400
Sensex Tentative Range – 81400-82300
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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