Bank Nifty, Nifty 50, Sensex, Fin Nifty and Nifty Midcap Select Market Prediction For Tomorrow 4 November 2024
In this article, we have analyzed the Bank Nifty, Nifty 50, Sensex, Fin Nifty and Nifty Midcap Select Market Prediction For Tomorrow 4 November 2024.
Market Prediction For Tomorrow 4 November 2024
So On Friday It was Muhurat Trading & What we discussed in the historical data, Same thing Happened, It moved up and closed high just like its doing in Last 5 years but one interesting thing we saw in Nifty today was difference between Spot Price & Future Price, Nifty closed almost 100 points up but the future was flat and because of that the premiums weren’t moving, For next week Nifty & Specially Nifty Prediction For Monday, We are in a very good position for upside reversal, More details on the video shared at the end of the blog, In Nutshell Nifty For Monday is making a possible reversal price action as its making a Morning Doji Star Pattern in weekly timeframe with 4 consecutive red candles followed by a doji, Now sharp reversal is possible when we break last week high of 24495
Bank Nifty Prediction For Tomorrow 4 November 2024
Bank Nifty Prediction For Tomorrow 4 November 2024 We have closed at a very good area, Also in a Making an inside candle in weekly timeframe which indicates that this week was more of a consolidation and next week bank nifty will most likely show some directional momentum, Now In Banknifty For Monday we have 51800 as a make or break level since its a good area to buy and sell, Now what do I mean by that, It means we have multiple rejections in Banknifty which Means break out of 51800 would open doors for more up move, But at the same time According To Fibonacci Retracement our 38.2% retracement level is 51834 so Incase we make a negative price action here then sellers can also dominate, So For Banknifty Prediction for Monday Best Thing To Do Is wait for Markets to decide where it wants to go and just follow that.