Share Market Prediction for Tomorrow – Inspect Trade (23-December-2024)
As you know last week the market was down and we are expecting this week the market will reverse and it can go up if we check the sector performance top gainers were Pharma and Health. In the stock market, there was a sharp decline of 1.52% in the Nifty.
Share Market Prediction for Tomorrow – Market Recap:
Nifty faced profit booking at 24,060 and remained under pressure, closing with a sharp loss of 1.52%.
The Nifty Midcap 100 underperformed significantly, ending 2.82% lower.
Sector Performance:
Top Performers: Pharma, Healthcare
Lagging Sectors: Realty, PSU Banks
Options Market Insights:
Open Interest: Concentration at 24,000 Call and 23,500 Put.
Sentiment: Higher call writing compared to put writing indicates bearish sentiment.
VWAP Trading Range: 23,420 to 24,000 for the next session.
Max Pain: 24,000
PCR: 0.702
Share Market Prediction for Tomorrow – Institutional Activity:
FIIs: Net sellers at ₹3,597.82 crore
DIIs: Net buyers at ₹1,374.37 crore
Index Net Contracts:
Nifty Futures: -22,112
Bank Nifty Futures: -736
FINNIFTY Futures: -49
Midcap Nifty Futures: -130
Nifty Next 50 Futures: -7
As you know we have seen the market performing well and we can expect tomorrow Monday there will be a positive opening in the Indian stock market.
After the Federal Reserve Rate cut, we can see Bitcoin prices were moving up and later after the announcement we can see Bitcoin was trading at around $98000 as of now we can see Bitcoin is trying to regain its position.
Read This: NMDC Share Price Can Move Up Because of NMDC Bonus Shares
If you are interested in option buying and selling, you can try tomorrow at 10 A.m. to See if the trend is up or down. Otherwise, you can follow our website, and you will get an idea of which to follow.
I hope you have an idea about tomorrow’s market. If you like this article, please share it with your friends and family. Thank you.