Nifty and Bank Nifty Prediction for Monday, 11 December 2023
The Indian stock market closed with good gains on Friday, it is rising due to good gains from the past few days. Today domestic market opened a gap of around 40 points near 20936 but after some time it shot up and went up to 21000, it didn’t continue the gains and Nifty reached a low near 20860, and it closed near 20970.
Due to Bjp having won with good numbers in 3 states, the same news has given positivity for the past few days, this news will resume and the market may go up to new highs so, this week from 11th December -15 th December you may also see positivity in market.
This news will be rule over this week and the coming week so be cautious, and about today market SENSEX, and NIFTY made gains, it has reached new all-time highs till 21000.
About the sectors, Nifty IT, and Nifty Fin service gained the most and some sectors like Nifty Auto, Nifty pharma, Nifty FMCG, and Nifty Energy and Nifty metal have shown downside to profit booking mode. Overall market breadth was sideways to profit booking mode On the NSE around 812 shares were positive and
1259 stocks were in red.
At the day close broader market also closed in positive, as the NiftyMID 44,400.200.21% (-94.80) and smallcap indexes 13,470.800.85% (-115.40) respectively. Sensex jumped 69,825.60+303.91 (0.44%) today Sensex closed at 69,825.60 while Nifty closed at 20,969.40+68.25 (0.33%) today and Banknifty closed near at 47,262.00+420.60 (0.90%)
For tomorrow Monday 11 December 2023 what will be the prediction for Nifty and Banknifty in this post, we will cover all its levels and directions as per price action analysis in detail.
Nifty Prediction for Tomorrow, 11 December 2023:
The nifty trend will be sideways to positive this week.
Nifty has made a day low near 20,862.70 and a day high near 21,006.10 . closed near 20,969.40 about (0.33%) up.(positive)
For tomorrow if Nifty holds 20900 then you may see 20950-21000 very easily, I am giving 100 points because some profit booking will happen also so near 21000-21050 try to book your profits and you may see some decline or sideways movement.
Best Buy Near — 20900- SL 20880 Target – 20950-21000
Best Short Near — 21000-20970 Sl near 21000 try to first analyze the market dont take entry without checking all sectors or nifty call writing area .
you can also assume the Nifty futures prediction for tomorrow as per the NIfty analysis.
Banknifty Prediction for Tomorrow, 11 December 2023:
The bank nifty trend will be sideways to positive this week.
Banknifty has made a day low near 46,793.90 and a day high near 47,303.65. closed near 47,262.00 near about+420.60 (0.90%) (Positive )
For tomorrow if BankNifty holds 46850 then you may see 47000 -47100-47200 very easily, why I am giving 200 points because some profit booking will happen also so near 47100-47200 try to book your profits and you may see some decline or sideways movement.
Best Buy Near — 46850 SL 46780 if holds 46850 then you can take entry otherwise avoid .
2nd opportunity for Buy —-46750 Sl 46700 if holds 46750 for sometime you can take enrty in buy .its a good area with good reward .
Short Near — 47300-47250 Sl near 47320 if marker not holds 47300 it may give you some profit booking and decline also so you can take short trade near high with small SL dont wait more because trend is still positive so try to take entry in Buy.
you can also assume the BankNifty futures prediction for tomorrow as per the BankNifty spot analysis.
Disclaimer : Before taking trade consult your financial advisor we will not be responsible for your losses .