Tomorrow’s Market Prediction (December 26, 2023):
Overall Sentiment:
- Cautious optimism: While Christmas holidays might cause lower trading volume, some positive momentum from last week could carry over.
- Volatility: Expect some occasional swings due to news or reactions to economic data releases.
Specific Predictions:
- Nifty:
- Support Levels: 20,800 (psychological level), 20,666 (critical support), 20,500 (recent pivot point).
- Resistance Levels: 21,138 (previous day’s high), 21,297 (previous day’s close), 21,419.
- Bank Nifty:
- Support Levels: 46,600 (psychological level), 46,466 (critical support), 46,200 (recent pivot point).
- Resistance Levels: 47,412 (previous day’s high), 47,778 (previous day’s close), 47,868.
Factors to Watch:
- Global Cues: The performance of Asian markets reopening after Christmas might influence the initial direction.
- FII Activity: Net buying or selling by FIIs could push the market in their respective directions.
- Economic Data Releases: Any major economic data releases could trigger volatility.
- News and Events: Geopolitical events or corporate news could significantly impact the market.
- Trading Volume: Lower trading volume due to holidays might lead to calmer movements.
Possible Scenarios:
- Bullish Scenario: If global cues are positive and FII activity remains positive, Nifty could reach 21,297 and Bank Nifty touch 47,778.
- Neutral Scenario: The market may oscillate within the support and resistance levels, potentially ranging from 20,800 to 21,138 for Nifty and 46,600 to 47,412 for Bank Nifty.
- Bearish Scenario: If negative news or aggressive FII selling occurs, Nifty could fall towards 20,500 and Bank Nifty reach 46,200.
Additional Tips:
- Focus on Quality: Look for well-established companies with strong fundamentals during the lower trading volume period.
- Short-term Trades: Utilize technical indicators carefully while considering the holiday context.
- Risk Management: Always adhere to stop-loss orders to limit potential losses, especially with potentially lower liquidity.
Stay informed and adjust your strategies based on the evolving market conditions. Wishing you good luck for your trading on December 26nd!
Disclaimer: This information is based on technical analysis and expert opinions. It is not a guarantee of future performance.
Latest Post
Summing Up Alaska’s Summit: Trump Meets Putin, No Breakthrough
In Anchorage today—a moment both cinematic and strategic unfolded as President Donald Trump welcomed Russian President Vladimir Putin at Joint Base Elmendorf-Richardson. The first meeting between the two in six years, and Putin’s first visit to the U.S. since 2015, began with dazzling ceremony—but ended with cooler reality.The GuardianThe Times of IndiaWikipedia Spectacle, Not Substance…
Divine Blessings of Janmashtami: Love, Peace & Prosperity
On this sacred day of Janmashtami, the birth of Lord Krishna is celebrated with immense devotion, joy, and spirituality. Across India and around the world, temples are adorned with lights, devotees fast with faith, and celebrations echo with the sound of bhajans and the enchanting tunes of Krishna’s flute. Lord Krishna, known as the eighth…
RSS Lauded as World’s Biggest NGO by Modi
New Delhi, August 15, 2025 — In a historic departure from tradition, Prime Minister Narendra Modi, addressing the nation on Independence Day from the Red Fort, for the first time in his 12 consecutive addresses, publicly praised the Rashtriya Swayamsevak Sangh (RSS). He termed the organisation “the world’s biggest non-governmental organisation” and lauded its century-long…
