Nifty & Bank-Nifty Prediction for Tomorrow

 Nifty & Bank-Nifty Prediction for Tomorrow 

 SENSEX Prediction 

Sensex is currently in a positive trend, trading at 66,473.

If you are holding long positions (i.e., you are buying Sensex futures or options), continue to hold them with a daily closing stop loss of 65,888. This means that you will sell your positions if the Sensex closes below 65,888 on any given day.

If you are not currently holding long positions, you can initiate fresh short positions (i.e., you are selling Sensex futures or options) if Sensex closes below 65,888. This means that you will profit if the Sensex goes down from its current level.

Support levels: 66,318, 66,163, 66,025 Resistance levels: 66,610, 66,747, 66,903

Support levels are levels at which Sensex is likely to find support and bounce back. Resistance levels are levels at which Sensex is likely to face resistance and sell-off.

Disclaimer: This is just a prediction, and I am not a financial advisor. Please do your own research before making any investment decisions.

 NIFTY Prediction 

NIFTY is currently in a positive trend, trading at 19,811.

If you are holding long positions (i.e., you are buying NIFTY futures or options), continue to hold them with a daily closing stop loss of 19,633. This means that you will sell your positions if NIFTY closes below 19,633 on any given day.

If you are not currently holding long positions, you can initiate fresh short positions (i.e., you are selling NIFTY futures or options) if NIFTY closes below 19,633. This means that you will profit if NIFTY goes down from its current level.

Support levels: 19,766, 19,720, 19,684 Resistance levels: 19,848, 19,885, 19,930

Support levels are levels at which NIFTY is likely to find support and bounce back. Resistance levels are levels at which NIFTY is likely to face resistance and sell-off.

Disclaimer: This is just a prediction, and I am not a financial advisor. Please do your own research before making any investment decisions.

 FINNIFTY Prediction 

FINNIFTY has entered into a positive trend in the last trading session, trading at 19,930.

You can go long in FINNIFTY with a stop loss of 19,733 on a daily closing basis. This means that you will buy FINNIFTY futures or options and sell them if FINNIFTY closes below 19,733 on any given day.

FINNIFTY would be considered strong till it trades above 19,733 levels. This means that if FINNIFTY stays above 19,733, it is likely to continue its upward trend.

Support levels: 19,878, 19,826, 19,773 Resistance levels: 19,983, 20,037, 20,088

Support levels are levels at which FINNIFTY is likely to find support and bounce back. Resistance levels are levels at which FINNIFTY is likely to face resistance and sell-off.

Disclaimer: This is just a prediction, and I am not a financial advisor. Please do your own research before making any investment decisions.

 TODAYS MARKETS INSIGHT 

• Nifty started the day strong, opening 80 points higher than the previous day’s close. It then traded in a narrow range throughout the day but still managed to close higher.
• Yesterday, Nifty reclaimed its 50-DMA, which is a key moving average. Today, it reclaimed its 21-DMA, which is another key moving average. This is a bullish sign.
• All sectoral indices closed higher, except for PSU Bank and IT. The top gainers were Auto, FMCG, and Realty.

Overall, it was a good day for the Indian stock market.