Nifty Outlook For Today - 27 December 2024

Sachin Gupta Sachin Gupta

Last Updated: 27th December 2024 - 12:05 pm

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Nifty Prediction for Today - 27th December 2024

NIFTY closed marginally up. ADANIPORTS was the top performer surging 5.2%. Consumer Durables was the worst performing sector (-0.9%) with TITAN and ASIANPAINT falling 1% each. Overall, a mildly bullish day with a healthy ADR of 1.4. 

 

Technically, the most notable event was a close above 23750. NIFTY has been consolidating around these levels. After the recent sharp fall, RSI continues to be supportive at sub-40 levels. Near term support and resistance levels are 23454/23271 and 24046/24229.

“Closes above a technically strong support level”

nifty-chart

 

Bank Nifty Prediction for Today - 27th December 2024

Bank Nifty closed weak after a relatively strong open. PSU Banks did well. CANBK AND BANKBARODA were up 1% and 0.8% respectively. Most banks traded sideways, indicating a lack of strong directional momentum. AUBANK's 1.4% drop weighed on the index.  Overall, a lackluster performance. Near term support and resistance levels are 50403/49929 and 51938/52413.

 

bank nifty chart

 

Intraday levels  for Nifty, Bank Nifty Levels and  FINNIFTY Levels:

  NIFTY  SENSEX BANKNIFTY FINNIFTY
Support 1 23454 77450 50403 23412
Support 2 23271 76818 49929 23207
Resistance 1 24046 79494 51938 24075
Resistance 2 24229 80127 52413 24280

 

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