Nifty & Bank Nifty Prediction Tomorrow, 24 Dec 2024: The Nifty index ended the day with notable gains but now appears to be moving sideways with a bearish bias. The next support levels are between 23,450 and 23,500, which were also recent lows. On the upside, resistance is observed at 23,900 to 24,200 levels. Sentiment on the street remains cautious and bearish after the recent market sell-off.
Nifty Prediction for Tomorrow
According to Equity Pandit, Nifty is currently in a negative trend. Traders holding short positions can continue to do so with a daily closing stop loss of 24,066. A fresh long position is recommended only if Nifty closes above the 24,066 level.
Key support levels for Nifty are 23,644, 23,534, and 23,422, while resistance levels are at 23,866, 23,979, and 24,089. The index is expected to trade in the range of 24,055 to 23,451 in the short term.
Bank Nifty Prediction for Tomorrow
Equity Pandit analysts also report that Bank Nifty is in a negative trend. Short positions can be held with a daily closing stop loss of 51,869. Fresh long positions are suggested only if Bank Nifty closes above 51,869.
The key support levels for Bank Nifty are 51,093, 50,868, and 50,706, while resistance levels are 51,480, 51,642, and 51,867. Bank Nifty is expected to trade within the 52,050 to 50,585 range in the coming session.
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