Market Prediction

9th September 2024 Nifty Prediction

Nifty Prediction for Monday – 09 September 2024. A Bear Fear in Nifty

The Indian market fell sharply on Friday due to weak US August Jobs data, which fell short of market expectations. The Nifty continued to fall, breaking below the crucial support level of 25,000. Public sector stocks and indices, including Nifty Oil and Gas, declined. Global markets, influenced by the US, traded lower. FIIs were the net sellers, signaling a bearish future. Nifty is expected to open flat around the 24,800 level on September 9, with key support levels at 24,800, 24,600, and 24,500.

Nifty Prediction for 3rd September 2024, with technical Analysis.

Nifty Prediction for 3rd September 2024.

Nifty opened higher but consolidated below 25,300, led by FMCG sector. Nifty Metal and CPSE Index declined. Fear among investors rose as market rose for the 5th Straight session, with a potential short-term correction indicated. Market is likely to consolidate before US Fed's monetary policy change with resistance at the 25,500 level and the support at the 25,200 and 25,000 levels.

Bank Nifty Prediction for 7 August 2024

Bank Nifty Prediction for 07 August 2024. Weekly Expiry Analysis

Bank Nifty is below its most important, strongest, and psychological level of 50,000 and currently trading below its 100 DEMA, and if sustains below the 100 DEMA on Wednesday, then we can say that it will enter the Bear Market. But it is likely that the Bank Nifty will trade in green on tomorrow, taking the weekly expiry in the account, and the market is already corrected more than 6.5% from its all time high.