Nifty Prediction for Monday – 18 November

Nifty Today continued to display significant weakness, closing below the critical 24000 level on the weekly timeframe, signaling a strong seller’s market. This close has now broken a major support, putting the index in a precarious position. For Nifty Prediction Monday, the next area to watch is 23450, which aligns with the recent election-week high. If Nifty fails to hold here, the 61.8% Fibonacci retracement level and 52-week EMA around 23200 could come into play as the next support. However, with the current bearish sentiment, the market is clearly in a “sell on rise” mode, and any rallies could face heavy resistance.

Nifty Support – 23500

Nifty Resistance – 23700

Nifty Buying Area – 23750

Nifty Selling Area – 23480 & 23700

No Trade Zone – 23500-23700

Nifty Tentative Range – 23400-23750

BankNifty Prediction for Monday – 18 November

Banknifty displayed pronounced weakness today, closing below key levels and confirming the broader bearish trend that’s gripping the market. For Banknifty Prediction Monday, the immediate support level to watch is 49650, where a potential short-term bounce might occur if buyers attempt to defend this area. However, if Banknifty fails to hold this level, the next crucial support lies around 48700, which could act as a stronger foundation in case of continued selling. The market remains in a “sell on rise” mode, indicating that any attempt at a rally will likely meet with significant resistance. With Banknifty showing limited upside potential in this downtrend, traders should proceed cautiously as the bearish outlook continues into next week.

Bank Nifty Support – 50200

Bank Nifty Resistance – 50450

Bank Nifty Buying Area – 50510

Bank Nifty Selling Area – 50150 & 50450

No Trade Zone – 50200-50450

Bank nifty Tentative Range – 49800-50500

Midcap Nifty Prediction for Monday – 18 November

Midcap Nifty remained weak throughout today’s session, closing in line with broader market sentiment. Monday’s session also marks the expiry for Midcap Nifty, adding another layer of volatility. For Midcap Nifty Prediction Monday, we can expect high resistance on any rallies, as market sentiment remains bearish. Support levels to watch lie near recent lows, but with the current “sell on rise” atmosphere, any upside could be capped quickly. Expiry-related volatility may impact trading, and traders should prepare for potential swings as the index remains pressured in the downtrend.

Midcap Nifty Support – 12075

Midcap Nifty Resistance – 12175

Midcap Nifty Buying Area – 12190

Midcap Nifty Selling Area – 12060

No Trade Zone – 12075-12175

Midcap nifty Tentative Range – 12000-12250

Finnifty Prediction for Monday– 18 November

Finnifty also fell in line with the market-wide decline, pressured by weak bank performance and broader selling. For Finnifty Prediction Monday, this bearish setup suggests limited upside potential unless we see renewed strength in banks. Any rally here is likely to be short-lived, given the strong selling sentiment. As Finnifty typically follows Banknifty’s cues, both indices will likely remain under pressure, with resistance expected on any upward move. Traders should approach with caution as Finnifty remains in a “sell on rise” market.

Finnifty Support – 23130

Finnifty Resistance – 23300

Finnifty Buying Area – 23350

Finnifty Selling Area – 23110 & 23300

No Trade Zone – 23130-23300

Finnifty Tentative Range – 23050-23400

Sensex Prediction for Monday – 18 November

Sensex Today closed lower, breaking below recent support and extending its downtrend as sellers took control. For Sensex Prediction Monday, this ongoing bearish trend suggests that any recovery could be met with fresh selling. Key levels to watch are near the lower bounds of the current range, and unless buyers step in decisively, the market will likely continue to see downward pressure. Given the overall weak sentiment, Sensex remains a sell-on-rise market, and traders should watch for further declines if the downtrend holds.

Sensex Support – 77600

Sensex Resistance – 78000

Sensex Buying Area – 78050

Sensex Selling Area – 77550

No Trade Zone – 77600-77950

Sensex Tentative Range – 77000-78100