Nifty Outlook For - 30 December 2024
Nifty Outlook For - 26 December 2024
Last Updated: 26th December 2024 - 10:45 am
Nifty Prediction for Tomorrow - 26th December 2024
Nifty closed marginally lower (-0.11%) today, with FMCG and Auto sectors shining while Services and Power lagged. ADANIENT and TATAMOTORS led the gainers, but POWERGRID and JSWSTEEL dragged their performance. An Advance Decline Ratio of 0.8 highlights broader weakness. 22 stocks advanced vs 28 declines.
Technically, the market is consolidating at 23700. The level is also a crucial support level to watch. RSI is favorable and closer to the levels where rallies were witnessed in the recent past. Near term support and resistance levels are 23416/23224 and 24039/24231.
“Consolidation after yesterday’s sharp pullback”
Bank Nifty Prediction for Tomorrow - 26th December 2024
Bank Nifty was marginally down. IDFCFIRSTB and AUBANK led the charge with a 1.1% gain, while INDUSINDBK and SBIN lagged, down 1%. Most other constituents saw minor losses. Overall, a lackluster session for the banking index. Near term support and resistance levels are 49982/50460 and 52006/52484.
Intraday levels for Nifty, Bank Nifty Levels and FINNIFTY Levels:
NIFTY | SENSEX | BANKNIFTY | FINNIFTY | |
Support 1 | 23416 | 77426 | 50460 | 23406 |
Support 2 | 23224 | 76779 | 49982 | 23201 |
Resistance 1 | 24039 | 79520 | 52006 | 24069 |
Resistance 2 | 24231 | 80167 | 52484 | 24274 |
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