Nifty and Bank Nifty Prediction Tomorrow, December 27, 2024: Indian stock markets ended almost near the previous close on Thursday. The benchmark indices, Sensex and Nifty opened positively but could not sustain higher levels, erasing most of their early gains at the close.
The selling pressure was mainly in the media, FMCG, and metals sectors. The Sensex was down by 0.39 points to 78472.48, while the Nifty ended up by 22.55 points or 0.10 percent to 23750.20.
Nifty and Bank Nifty Futures Price Movement for January 2025 Series
The Nifty price for the 30th Jan series opened at 23985 making a positive opening of 55.75 points on Thursday. It has touched an intraday high of 24026.50 and a day’s low of 23809.50.
The Nifty futures price has given an intraday movement of 217 points. Ultimately, the Nifty futures closed marginally lower by 5.30 points or 0.02% at the 23923.95 level.
The Bank Nifty price for the 29th Jan series opened at 51850.05 It made a positive opening of 122.10 points on Thursday. The Bank Nifty futures touched an intraday high at 52185.95 and a day’s low at 51335.
During the day, the Bank Nifty futures have given a movement of 850.95 points. In the end, Bank Nifty Futures closed lower by 128.30 points or 0.25 percent and closed at the 51599.65 level.
Nifty Prediction Tomorrow December 27, 2024
The Nifty index is looking sideways to bearish. According to market experts, the next support levels for the Nifty index are around 23450- 23500, which were the recent lows and the resistance is at 23900. The sentiments on the street are very cautious and bearish till the index doesn’t crosses 24200 levels
An analyst at Prabhudas Liladher stated that the Bears will have the upper hand as long as the Nifty index is trading below the 40HEMA i.e. 23950 levels.
Bank Nifty Prediction for Tomorrow, December 27, 2024
The analysts at Choice Broking stated that Bank Nifty is moving in a Sideways to Bullish range, with a fluctuating bias between 50850 and 51500. It has a strong support zone between 50900 and 50850, while resistance is between 51450 and 51500. If the Bank Nifty index breaks above this level, it could further move upward direction. Traders should monitor these crucial levels closely for potential market shifts.
You may also like to read –Indian Stock Market Wrap-Up: Key Indices Close Near Flatline
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