Nifty and Bank Nifty Prediction for Tomorrow, 5 December 2023:
The Indian stock market closed with good gains on Monday, it is rising from 5th consecutive trading day. Today domestic market opened a gap up and it continued the gains due to BJP has won with good numbers in 3 states.
This news will be rule over this week and the coming week also so be cautious, and about today market SENSEX, and NIFTY made historic gains, it has reached new all-time highs.
About the sectors Banking, Nifty Energy, and Nifty Financial Services gained the most and some sectors like Nifty Media and Nifty Pharma have shown some selling pressure. Overall market breadth was super strong On the NSE around 1675 shares were positive and
860 stocks were in red.
At the day close broader market also closed in positive, as the NiftyMID and smallcap indexes gained 1.24% and 1.39% respectively. Sensex jumped 1,383.93 (2.05%) today, Sensex closed at 68,865.12 while Nifty closed at 20,686.80 +418.90 (2.07%) today and Banknifty closed near at 46,431.40 +1,617.20 (3.61%) today.
For tomorrow 05 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, 5 December 2023:
The nifty trend will be sideways to positive this week.
Nifty has made day low near 20507.75 and a day high near 20702.65. closed near 20686.80 near about 2 % up.(positive)
For tomorrow if Nifty holds 20700 then you may see 20750-20800 very easily, why I am giving 100 points because some profit booking will happen also so near 20800-20850 try to book your profits and you may see some decline or sideways movement.
Buy Near — 20550-20600 SL 20520-20500
Short Near — 20800-20850 Sl near 20900
you can also assume the Nifty futures prediction for tomorrow as per the NIfty analysis .
Banknifty Prediction for Tomorrow, 5 December 2023:
The bank nifty trend will be sideways to positive this week.
Banknifty has made day low near 45484.20 and a day high near 46484.45. closed near 46431.40 near about 3.61 % up.(positive)
For tomorrow if BankNifty holds 46500 then you may see 46600-46700 very easily, why I am giving 200 points because some profit booking will happen also so near 46700-46800 try to book your profits and you may see some decline or sideways movement.
Buy Near — 45900-45950 SL 45850-45800
Short Near — 46800-46900 Sl near 46950
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 .
