Market Prediction Tomorrow, The provided information outlines predictions and analysis for the SENSEX, NIFTY, BANKNIFTY, and FINNIFTY indices, including current trends, support and resistance levels, and tentative ranges. Here’s a breakdown of the analysis:
Market Prediction Tomorrow
SENSEX:
- Current Status: In a positive trend.
- Recommendation: Hold long positions with a daily closing stoploss of 69,006.
- Short Position: Consider initiating fresh short positions if SENSEX closes below 69,006.
Support Levels:
- 69,451
- 69,248
- 69,101
Resistance Levels:
- 69,801
- 69,947
- 70,150
Tentative Range:
- Between 69,103 and 70,204 with an accuracy of 92%.
NIFTY:
- Current Status: In a positive trend.
- Recommendation: Hold long positions with a daily closing stoploss of 20,739.
- Short Position: Consider initiating fresh short positions if NIFTY closes below 20,739.
Support Levels:
- 20,873
- 20,807
- 20,763
Resistance Levels:
- 20,982
- 21,027
- 21,092
Tentative Range:
- Between 20,774 and 21,102 with an accuracy of 92%.
BANKNIFTY:
- Current Status: In a positive trend.
- Recommendation: Hold long positions with a daily closing stoploss of 46,432.
- Short Position: Consider initiating fresh short positions if BANKNIFTY closes below 46,432.
Support Levels:
- 46,637
- 46,439
- 46,127
Resistance Levels:
- 47,146
- 47,458
- 47,656
Tentative Range:
- Between 46,306 and 47,363 with an accuracy of 92%.
FINNIFTY:
- Current Status: In a positive trend.
- Recommendation: Hold long positions with a daily closing stoploss of 20,847.
- Short Position: Consider initiating fresh short positions if FINNIFTY closes below 20,847.
Support Levels:
- 20,960
- 20,893
- 20,792
Resistance Levels:
- 21,127
- 21,228
- 21,295
General Notes:
- The provided tentative ranges indicate a predicted trading range with a historical accuracy of 92%.
- Stoploss levels are emphasized for risk management.
- Short positions are suggested if the respective indices close below specified levels.
Market Prediction Tomorrow, Remember, while technical analysis can provide valuable insights, it’s essential to consider other factors like fundamental analysis, market news, and global events for a comprehensive view of the market. Always exercise caution and consult with financial professionals before making significant investment decisions.