{"id":3284,"date":"2023-12-05T16:09:53","date_gmt":"2023-12-05T10:39:53","guid":{"rendered":"https:\/\/www.spidersoftwareindia.com\/blog\/?p=3284"},"modified":"2023-12-05T16:10:04","modified_gmt":"2023-12-05T10:40:04","slug":"stock-market-prediction-for-nifty-bank-nifty-06-dec-2023","status":"publish","type":"post","link":"https:\/\/www.spidersoftwareindia.com\/blog\/stock-market-prediction-for-nifty-bank-nifty-06-dec-2023\/","title":{"rendered":"Stock Market Prediction for Nifty & Bank Nifty 06 Dec 2023"},"content":{"rendered":"\n

The stock market continues its bullish trend with Nifty reaching 20,850 and Sensex gaining 431 points.<\/p>\n\n\n\n\n\n\n\n

Stock Market Nifty Chart Prediction.<\/h2>\n\n\n
\n
\"\"<\/figure><\/div>\n\n\n

Indian equities opened at a record level of 20,800, experiencing a mid-session dip due to overbought conditions, followed by a swift recovery; Nifty50 gained 168.30 points to settle at 20,855.10, showcasing mixed sectoral performance, with Energy and Metal outperforming and Media and IT ending in the red; however, Mid and Smallcaps continued to underperform, indicating potential correction as the Index formed a Hanging Man candlestick pattern, suggesting a need for vigilance and confirmation of a trend reversal if it closes below 20,700.<\/p>\n\n\n\n

Prediction For Tomorrow NIFTY can go up if it goes above 21000 or go down after the level of 20800 but all depend upon the Global cue<\/h2>\n\n\n\n

There are good chances of market going up as today market opened up and after that it went down tock support near today low. Then it went up throughout the day. And closed near day high. Today nifty hits all time high. If it goes beyond any level given above it will give a one side move on any side up or down. If Nifty gives flat opening, it may move to the level of 21000 or 20800 But all these aspects depend upon the Global cues.<\/p>\n\n\n\n

Highest Call Writing at<\/strong><\/td>21000 (87.6 Lakhs)<\/strong><\/td><\/tr>
Highest Put Writing at<\/strong><\/td>20700 (85.0 Lakhs)<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Nifty Support and Resistance<\/h2>\n\n\n\n
Support<\/strong> <\/td>20800, 20725<\/strong><\/td><\/tr>
Resistance<\/strong><\/td>21000, 21100<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Bank Nifty Daily Chart Prediction<\/h2>\n\n\n
\n
\"\"<\/figure><\/div>\n\n\n

Prediction For Tomorrow Bank NIFTY can go up if it goes above 47250 or go down after the level of 47750 but all depend upon the Global cues.<\/h2>\n\n\n\n

Today, BANK NIFTY opened gap up in morning but after that it went down tock support near today low. Then it went up and was in range near level on 47000. Today bank nifty also touched all time high after rising 750 points. Today bank nifty has closed in green and closed near its critical level of 47000 which has made bank nifty strong again For Tomorrow. you can go with the strategy of buy on dip.<\/p>\n\n\n\n

Highest Call Writing at<\/strong><\/td>47000 (39.6 Lakhs)<\/strong><\/td><\/tr>
Highest Put Writing at<\/strong><\/td>46000 (34.1 Lakhs)<\/strong><\/td><\/tr><\/tbody><\/table>
<\/figcaption><\/figure>\n\n\n\n

Bank Nifty Support and Resistance<\/h2>\n\n\n\n
Support<\/strong><\/td>46750,46500<\/strong><\/td><\/tr>
Resistance<\/strong><\/td>47250,47500<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Also, check our Article on Spinning Top Candlestick Pattern<\/a><\/p>\n\n\n\n

If you’d like to know how we analyze the market and provide accurate levels every day. then click on the Free Demo button below and change your trading life for good. 5X returns are possible in options trading If you have Spider Software in your trading system. <\/p>\n\n\n\n

\n
Free Demo<\/strong><\/a><\/div>\n\n\n\n
Buy Now<\/a><\/div>\n<\/div>\n\n\n\n
Disclaimer: The information provided in this Blog is for educational purposes only and should not be construed as financial advice. Trading in the stock market involves a significant level of risk and can result in both profits and losses. Spider Software & Team does not guarantee any specific outcome or profit from the use of the information provided in this Blog. It is the sole responsibility of the viewer to evaluate their own financial situation and to make their own decisions regarding any investments or trading strategies based on their individual financial goals, risk tolerance, and investment objectives. Spider Software & Team shall not be liable for any loss or damage, including without limitation any indirect, special, incidental or consequential loss or damage, arising from or in connection with the use of this blog or any information contained herein.<\/code><\/pre>\n
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The stock market continues its bullish trend with Nifty reaching 20,850 and Sensex gaining 431 points.<\/p>\n
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