| we daily Analysis Of Nifty And Bank nifty Check Full Analysis
Market Predictions Summary for 18th December 2024
Here’s a concise outlook for Nifty, Bank Nifty, Sensex, Finnifty, and Midcap Nifty based on today’s market performance:
Nifty 50
Closing: 24,336 (-330 points)
Key Support: 24,180 (Breakdown here could trigger heavy selling)
Key Resistance: 24,500 (Recovery depends on reclaiming this level)
Trade Levels:
Buy Above: 24,380
Sell Below: 24,250
No Trade Zone: 24,250–24,380
Expected Range: 24,200–24,550
Bank Nifty
Closing: 52,834 (-746 points)
Key Support: 52,264 (Critical for trend stability)
Key Resistance: 53,200 (Recovery possible above 53,000)
Trade Levels:
Buy Above: 52,850
Sell Below: 52,500
No Trade Zone: 52,500–52,850
Expected Range: 52,300–53,300
Sensex
Closing: 80,684 (-1,064 points)
Key Support: 80,500 (Breaching this could lead to further downside)
Key Resistance: 81,200 (Recovery possible above 81,000)
Trade Levels:
Buy Above: 80,750
Sell Below: 80,400
No Trade Zone: 80,400–80,750
Expected Range: 80,300–81,300
Finnifty
Closing: 24,498 (-358 points)
Key Support: 24,400 (Holding this is crucial for trend stability)
Key Resistance: 24,650 (Sustainability above this level is required for upward momentum)
Trade Levels:
Buy Above: 24,520
Sell Below: 24,350
No Trade Zone: 24,400–24,520
Expected Range: 24,350–24,700
Midcap Nifty
Closing: 13,091 (-116 points)
Key Support: 13,000 (Break below this could accelerate selling pressure)
Key Resistance: 13,200 (Recovery depends on holding above this level)
Trade Levels:
Buy Above: 13,120
Sell Below: 12,980
No Trade Zone: 13,000–13,120
Expected Range: 12,950–13,250 |
