Nifty & Bank-Nifty Prediction for Tomorrow, Nov 01 2023

Nifty & Bank-Nifty Prediction for Tomorrow, Nov 01 2023

 SENSEX Prediction 

Current Trend: Positive

Long Positions: Continue to hold with daily closing stop-loss of 63,485.

Short Positions: Fresh short positions can be initiated if Sensex closes below 63,485 levels.

Support Levels: 63,641 – 63,407 – 63,001

Resistance Levels: 64,281 – 64,686 – 64,920

In simpler terms:

• The Sensex is currently in an upward trend.
• If you are holding long positions, continue to hold them, but place a stop-loss order at 63,485 to limit your losses.
• If you are not currently holding any long positions, you can initiate fresh long positions if the Sensex closes above 63,485.
• The Sensex has three support levels and three resistance levels.
• Support levels are prices at which the Sensex is expected to find support and bounce back. Resistance levels are prices at which the Sensex is expected to face resistance and sell-off.
• The support levels for the Sensex are 63,641, 63,407, and 63,001. The resistance levels for the Sensex are 64,281, 64,686, and 64,920.

Please note: This is just a prediction and the Sensex could move in any direction at any time. It is important to do your own research and make your own investment decisions.Prediction ,Prediction ,Prediction 

 NIFTY Prediction 

Current Trend: Positive

Long Positions: Continue to hold with daily closing stop-loss of 18,953.

Short Positions: Fresh short positions can be initiated if Nifty closes below 18,953 levels.

Support Levels: 19,013 – 18,946 – 18,836

Resistance Levels: 19,190 – 19,301 – 19,367

In simpler terms:

• The NIFTY is currently in an upward trend.
• If you are holding long positions, continue to hold them, but place a stop-loss order at 18,953 to limit your losses.
• If you are not currently holding any long positions, you can initiate fresh long positions if the NIFTY closes above 18,953.
• The NIFTY has three support levels and three resistance levels.
• Support levels are prices at which the NIFTY is expected to find support and bounce back. Resistance levels are prices at which the NIFTY is expected to face resistance and sell-off.
• The support levels for the NIFTY are 19,013, 18,946, and 18,836. The resistance levels for the NIFTY are 19,190, 19,301, and 19,367.

Please note: This is just a prediction and the NIFTY could move in any direction at any time. It is important to do your own research and make your own investment decisions.

 BANKNIFTY Prediction 

Current Trend: Positive

Long Positions: Continue to hold with daily closing stop-loss of 42,537.

Short Positions: Fresh short positions can be initiated if Banknifty closes below 42,537 levels.

Support Levels: 42,643 – 42,440 – 42,083

Resistance Levels: 43,203 – 43,560 – 43,763

In simpler terms:

• The Banknifty is currently in an upward trend.
• If you are holding long positions, continue to hold them, but place a stop-loss order at 42,537 to limit your losses.
• If you are not currently holding any long positions, you can initiate fresh long positions if the Banknifty closes above 42,537.
• The Banknifty has three support levels and three resistance levels.
• Support levels are prices at which the Banknifty is expected to find support and bounce back. Resistance levels are prices at which the Banknifty is expected to face resistance and sell-off.
• The support levels for the Banknifty are 42,643, 42,440, and 42,083. The resistance levels for the Banknifty are 43,203, 43,560, and 43,763.

Please note: This is just a prediction and the Banknifty could move in any direction at any time. It is important to do your own research and make your own investment decisions.

 FINNIFTY Prediction  

Current Trend: Negative

Short Positions: Continue to hold with daily closing stop-loss of 19,244.

Long Positions: Fresh long positions can be initiated if Finnifty closes above 19,244 levels.

Support Levels: 19,125 – 19,044 – 18,913

Resistance Levels: 19,336 – 19,467 – 19,547

In simpler terms:

• The FINNIFTY is currently in a downward trend.
• If you are holding short positions, continue to hold them, but place a stop-loss order at 19,244 to limit your losses.
• If you are not currently holding any short positions, you can initiate fresh short positions if the FINNIFTY closes below 19,244.
• The FINNIFTY has three support levels and three resistance levels.
• Support levels are prices at which the FINNIFTY is expected to find support and bounce back. Resistance levels are prices at which the FINNIFTY is expected to face resistance and sell-off.
• The support levels for the FINNIFTY are 19,125, 19,044, and 18,913. The resistance levels for the FINNIFTY are 19,336, 19,467, and 19,547.

Please note: This is just a prediction and the FINNIFTY could move in any direction at any time. It is important to do your own research and make your own investment decisions. Prediction ,Prediction ,Prediction 

  TODAYS MARKETS INSIGHT 

Today, Nifty had a positive start but quickly turned negative in the first 20 minutes and stayed in the red for the rest of the session. Some sectors did well, like Nifty Realty and Media, which gained, while Nifty Auto and Pharma sectors saw declines.

Today marks day three of a potential market rally. We’ll now call it a ‘Rally Attempt.’ For us to confidently say the market is in an ‘Uptrend,’ we’d like to see another strong day. If that happens, we’ll focus on stocks breaking out of early bases with good strength and accumulation.”