Nifty, Bank Nifty, Fin Nifty and Sensex Market Prediction Tomorrow October 31, 2023

Market Prediction Tomorrow, The provided data contains predictions and analysis for the SENSEX, NIFTY, BANKNIFTY, and FINNIFTY indices in the context of the Indian stock market. Let’s analyze each of them for Market Prediction Tomorrow

Market Prediction Tomorrow

SENSEX (64,113):

• The SENSEX is currently at 64,113.
• The analysis suggests a positive trend, and traders are recommended to go long with a stop loss at 63,159 on a daily closing basis.
• The market is considered strong as long as it trades above 63,159 levels.
• Support levels are at 63,635, 63,156, and 62,881.
• Resistance levels are at 64,388, 64,663, and 65,141.
• The tentative range is between 63,501 and 64,725, with an accuracy of 92%.

NIFTY (19,141):

• The NIFTY is at 19,141.
• The analysis indicates a positive trend, and traders are advised to go long with a stop loss at 18,855 on a daily closing basis.
• NIFTY is considered strong as long as it trades above 18,855 levels.
• Support levels are at 19,001, 18,861, and 18,783.
• Resistance levels are at 19,220, 19,298, and 19,438.
• The tentative range is between 18,958 and 19,324, with an accuracy of 92%.

BANKNIFTY (43,039):

• The BANKNIFTY is at 43,039.
• The analysis suggests a positive trend, and traders are recommended to go long with a stop loss at 42,214 on a daily closing basis.
• BANKNIFTY is considered strong as long as it trades above 42,214 levels.
• Support levels are at 42,582, 42,125, and 41,860.
• Resistance levels are at 43,304, 43,569, and 44,026.
• The tentative range is between 42,527 and 43,551, with an accuracy of 92%.

FINNIFTY (19,241):

• The FINNIFTY is currently in a negative trend.
• Short positions are recommended to continue with a daily closing stop loss of 19,244.
• Fresh long positions can be initiated if FINNIFTY closes above 19,244 levels.
• Support levels are at 19,047, 18,853, and 18,742.
• Resistance levels are at 19,353, 19,464, and 19,658.

Please note that these predictions are based on technical analysis and historical data. However, market conditions can change rapidly due to various factors, including economic events, geopolitical developments, and unexpected news. Traders should use these predictions as part of their decision-making process but also conduct their own research and consider their risk tolerance before making investment decisions.