Market Outlook for 26 September 2024

Sachin Gupta Sachin Gupta

Last Updated: 26th September 2024 - 05:31 pm

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Nifty Prediction for Tomorrow - 26 September

The Nifty 50 continued its impressive run, hitting a fresh record high of 26,032 levels on Wednesday. This marks the fourth consecutive day of gains, with the index successfully holding above the crucial 26,000 mark.

Despite a negative opening on Wednesday due to global market cues, the Nifty managed to close the day with a modest gain of 63 points, settling at 26,004 levels. We anticipate a period of consolidation around the current levels, with any dips towards the 25,800-25,750 zone, may provide potential buying opportunities.

On the sectoral front, Power Grid, Axis Bank, Grasim, NTPC, and HDFC Bank emerged as the top gainers on the NSE. Conversely, LTIM, TechM, Tata Consumer, and Titan led the list of decliners.

Ahead of the monthly expiry, traders are advised to closely monitor the rollover data to gain insights into the market's sentiment and potential future direction.
 

Nifty index sets new record high, bullish momentum continues

nifty-chart

 

Bank Nifty Prediction Tomorrow - 26 September

The Nifty Bank index traded positively during the monthly expiry, hovering near all-time highs. Financial Services contributed to the index's gains, while PSUBANK declined by almost one percent on the expiry day. The support for the Nifty Bank index is placed around 53750 followed by 53320, while short-term resistance is seen in the range of 54380-54600.

 

bank nifty chart

 

 

Nifty, Bank Nifty Levels and  FINNIFTY Levels:

  NIFTY Levels SENSEX Levels BANKNIFTY Levels FINNIFTY Levels
Support 1 25850 84700 53750 24920
Support 2 25700 84300 53320 24840
Resistance 1 26130 85530 54380 25080
Resistance 2 26250 85750 54600 25170
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