In this article, we have analyzed the Bank Nifty, Nifty 50, Sensex, Fin Nifty and Nifty Midcap Select Market Prediction For Tomorrow 26 November 2024.
Today’s gap-up opening, fueled by the Maharashtra election results, quickly attracted sellers, leading to sharp intraday selling. However, the market managed to recover, closing flat but higher due to the opening gap. For Nifty Prediction Tomorrow, the support lies at 24150, while resistance is seen at 24340. A buying opportunity can arise around 24360, and selling pressure is expected near 24125. The No Trade Zone is defined between 24150-24350, and the tentative range for tomorrow is expected to be 24000-24400. Despite today’s bounce, the daily and weekly timeframes still suggest a downtrend, and a weekly close above 24400 is essential for further upside.
Bank nifty Prediction for Tomorrow 26th November 2024: Banknifty showed better strength than Nifty today, holding above critical levels and giving hope for a potential trend reversal. For Banknifty Prediction Tomorrow, support lies at 51960, while resistance is positioned at 52250. Buying is favorable around 52285, with selling pressure near 51930. The No Trade Zone is between 51950-52250, and the tentative range is projected at 51600-52450. A sustained close above 52500 on daily and weekly timeframes will signal strong bullish momentum. Until then, it remains a sell-on-rise market with intraday buying opportunities.
Finnifty also saw similar action with a gap-up opening, intraday selling, and a flat close. For Finnifty Prediction Tomorrow, support is seen at 23975, while resistance lies at 24120. Buying opportunities are identified at 24145, with selling pressure near 23950. The No Trade Zone is between 23975-24120, and the tentative range for tomorrow is 23850-24250. Finnifty needs a decisive close above 24250 to attract further buying momentum.
Midcap Nifty reflected the volatility of the broader indices, with sharp moves throughout the session. For Midcap Nifty Prediction Tomorrow, support is at 12540, while resistance lies at 12620. The buying area is around 12640, and selling opportunities can emerge near 12520. The No Trade Zone is between 12540-12620, with a tentative range of 12450-12700. Midcap Nifty remains in a bearish structure unless there’s a sustained close above 12700.
The Sensex mirrored broader market movements, experiencing selling after the gap-up but eventually recovering to close flat. For Sensex Prediction Tomorrow, the support level is at 79800, with resistance at 80100. Buying opportunities can arise at 80150 while selling pressure is anticipated near 79750. The No Trade Zone for Sensex is 79750-80100, with a tentative range of 79450-80500. Despite today’s recovery, the daily and weekly trends remain bearish, requiring a close above 80500 for any positive confirmation.