In this article, we have analyzed the Tomorrow Bank Nifty Prediction 17th December 2024, for Sensex, Nifty, Bank Nifty, Midcap Nifty, and Finnifty.
Market Prediction For Tomorrow
Market Prediction for Tomorrow 17th December, 2024
After Friday’s strong bullish momentum, the markets opened the new week with a lackluster performance. Despite covering early dips, the overall structure seemed range-bound, and major indices failed to sustain previous gains. The session highlighted the cautiousness of traders, with stop-loss hunting affecting those entering trades prematurely. Nevertheless, the broader bullish trend remains intact, making buy-on-dips the preferred strategy, but with a delayed entry for safer trading opportunities.
Let’s dive into the detailed analysis and target Index prediction for each major index for tomorrow.
Open Free Demat Account TodayNifty Prediction For Tomorrow
Nifty Prediction for Tomorrow 17th December
The Nifty 50 ended 100 points lower, closing at 24,668, retracing some of Friday’s gains. While today’s range-bound movement disrupted the bullish follow-through, the market’s structure still favors a positive trend. Key levels need to be respected, and a close above 24,750 could reinstate the bullish momentum. Dips below 24,600 can be seen as opportunities to accumulate positions.
- Nifty Support: 24,600
- Nifty Resistance: 24,800
- Buying Area: Above 24,700
- Selling Area: Below 24,550
- No Trade Zone: 24,550–24,700
- Tentative Range: 24,550–24,850
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Bank Nifty Prediction For Tomorrow
Tomorrow Bank Nifty Prediction 17th December 2024
The Bank Nifty exhibited resilience, closing only 2 points lower at 53,581. While it briefly dipped, the index showed relative strength compared to broader indices. Sustained trading above 53,500 can drive it toward the 54,000 zone. Buyers should closely watch for consolidation near key levels before initiating positions.
- Bank Nifty Support: 53,400
- Bank Nifty Resistance: 54,000
- Buying Area: Above 53,650
- Selling Area: Below 53,350
- No Trade Zone: 53,350–53,650
- Tentative Range: 53,350–54,100
Midcap Nifty Prediction For Tomorrow
Midcap Nifty Prediction for Tomorrow 17th December 2024
The Midcap Nifty stood out, gaining 72 points to close at 13,207. Midcaps continue to show strength, supported by sectoral rotation. The index remains in a bullish trend, and further gains can be expected if it sustains above 13,200.
- Midcap Nifty Support: 13,150
- Midcap Nifty Resistance: 13,300
- Buying Area: Above 13,220
- Selling Area: Below 13,130
- No Trade Zone: 13,150–13,220
- Tentative Range: 13,150–13,320
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Sensex Prediction For Tomorrow
Sensex Prediction for Tomorrow 17th December
The Sensex closed 384 points down at 81,748, reflecting muted sentiment across the broader market. While the index remains bullish overall, today’s dip highlights the need for careful positioning. Buyers should wait for a breakout above 82,000 to capitalize on bullish momentum.
- Sensex Support: 81,600
- Sensex Resistance: 82,100
- Buying Area: Above 81,900
- Selling Area: Below 81,400
- No Trade Zone: 81,400–81,900
- Tentative Range: 81,400–82,200
Market Outlook For Tomorrow
Market Outlook for 17th December 2024
The markets remain sideways to bullish, with indices like Midcap Nifty and Bank Nifty providing relative strength. Nifty and Sensex need to regain momentum to drive the next leg of the rally. For now, it’s a market where buyers should look for dips, but caution is necessary, especially in range-bound conditions. With continued stop-loss hunts observed, late and precise entries near key levels are crucial for effective trading.
Stay tuned to key support and resistance levels for tomorrow’s session and adjust your strategy accordingly.
Disclaimer:
The information provided in this market analysis of Tomorrow Bank Nifty Prediction 17th 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.
