Nifty 50 Intraday Prediction for Monday, 29 April 2024:- Indian Stock Market gives a huge fall after yesterday huge movement. In the opening the market gives a gap up following the Asian market, but it couldn't sustain. Sensex, Nifty and Bank Nifty losses as it moved towards the end and closed in deep red.
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| Nifty 50 Intraday Prediction for 24 April 2024 |
On sectorial Indices, Financial services, Auto sector and banking gives a bearish movement and on the other hand we could find some bullish movement in Media, Pharmacy and Realty sectors. Top Nifty gainers: Tech Mahindra, Divis Labs, LTIMindtree, Bajaj Auto and BPCL and Top Nifty Losers: Bajaj Finance, Bajaj Finserv, Nestle India, IndusInd Bank, M&M. NSE Volatility Index, India VIX moved 1.86 percentage to close at a 10.93 levels.
Nifty Midcap indices and small cap indices were in positive to move 0.79 percentage and 0.50 percentage respectively. Sensex moved 0.82 percentage down to end at price of 73730 levels. Bank Nifty also gives a bearish movement to end at a price of 48284 levels on Friday's market. Have You checked Our previous post on " Nifty 50 Intraday Expiry Prediction for 25th April 2024" which worked perfectly on Last Trading Day.
Nifty 50 Detailed Intraday levels for 29th April 2024
In Friday's market Nifty 50 opened at 22610, which was 40 points gap up from the previous day Closing of 22570 levels. After this Gap up opening in the Nifty 50, it was falling continuously to form a intraday low of 22385 levels. Then it shows some pull back to close at a price levels of 22450.
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| Nifty 50 Detailed Intraday levels for 29th April 2024 |
Now lets look in to the Intraday trading prediction levels for Nifty 50 on 29th April 2024. There are 3 main possibilities for Nifty 50 on Monday. The major Resistance and Major Support levels for Nifty 50 is at 22657 to 22700 levels and 22300 to 22330 levels respectively. You can see those levels marked in the Trading view chart as given above.
Case 1:- If market open Gap down and if it's price sustain above 22300 then we can see a bullish movement towards 22400, 22500 and 22600 levels.
Case 2:- If market opens Gap up and sustain above previous day Closing, then we can see a bullish movement 22500, 22600 and 22700 levels. Also if it breaks the above mentioned resistance then you can expect more bullish on Monday.
Case 3:- If Nifty 50 move below the major Support levels, means below 22300. Then you can see a further Fall towards 22200 and 22100 price levels.
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Conclusion
So these are the Three intraday possible movement can be possible on Nifty 50 on Monday's Market. Mark these levels in your chart and wait for the levels to get active for entry and exit. You May Join Our Free Intraday Option Telegram Channel to Get the Live Market Updates.