Nifty and Bank Nifty Prediction for Tomorrow 10 Dec 2024

Nifty and Bank Nifty Prediction for Tomorrow 10 Dec 2024

Nifty prediction for Tomorrow:-

• Closing Value: Nifty ended at 24619.15, down by 0.24% today, showing sideways to negative sentiment in all key sectors.
• Support Levels: Immediate support is seen at 24,500, with stronger support at near 24,400-24500. Breaking these levels could heavy selling pressure.
• Resistance Levels: Nifty may face resistance at 24800-24850. If breached, these levels could give better recovery.
• Technical Indicators:Indicators such as RSI and MACD indicate that the market may be sideways some days or this weekend .

Bank Nifty prediction for Tomorrow:-

• Closing Value: Bank Nifty closed at 53407.75, down by 0.19%, as major falling in private banking stocks.
• Support Levels: Immediate support lies at 53,300, with critical support around 53,200.
• Resistance Levels: On the upside, resistance is observed at 53,800 and 53,900.
• Technical Indicators: The chart suggests mixed signals, with moving averages supporting a cautious buy and if resistance level not sustains one can go for sell.

Nifty and Banknifty chart analysis with levels for intraday 10 dec 2024:-