{"id":3321,"date":"2023-12-11T17:08:03","date_gmt":"2023-12-11T11:38:03","guid":{"rendered":"https:\/\/www.spidersoftwareindia.com\/blog\/?p=3321"},"modified":"2023-12-11T17:13:16","modified_gmt":"2023-12-11T11:43:16","slug":"stock-market-prediction-for-nifty-bank-nifty-12th-dec-2023","status":"publish","type":"post","link":"https:\/\/www.spidersoftwareindia.com\/blog\/stock-market-prediction-for-nifty-bank-nifty-12th-dec-2023\/","title":{"rendered":"Stock Market Prediction for Nifty &#038; Bank Nifty 12th Dec 2023."},"content":{"rendered":"\n<p>Nifty reaches the 21,000 mark, while Sensex attains the 70,000 milestone in a session marked by volatility.<\/p>\n\n\n\n<!--more-->\n\n\n\n<h2 class=\"wp-block-heading has-text-align-center\">Stock Market Nifty Chart Prediction.<\/h2>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"610\" src=\"https:\/\/www.spidersoftwareindia.com\/blog\/wp-content\/uploads\/2023\/12\/image-1024x610.png\" alt=\"The image is of the Stock Market chart in Daily Time Frame of Nifty which is used to predict the Stock Market for 12th December 2023.\" class=\"wp-image-3323\" style=\"width:530px;height:auto\" srcset=\"https:\/\/www.spidersoftwareindia.com\/blog\/wp-content\/uploads\/2023\/12\/image-1024x610.png 1024w, https:\/\/www.spidersoftwareindia.com\/blog\/wp-content\/uploads\/2023\/12\/image-300x179.png 300w, https:\/\/www.spidersoftwareindia.com\/blog\/wp-content\/uploads\/2023\/12\/image-768x457.png 768w, https:\/\/www.spidersoftwareindia.com\/blog\/wp-content\/uploads\/2023\/12\/image-1536x914.png 1536w, https:\/\/www.spidersoftwareindia.com\/blog\/wp-content\/uploads\/2023\/12\/image.png 1742w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure><\/div>\n\n\n<p>In Stock Market Today, benchmark indices concluded higher in a session marked by volatility on December 11, with Nifty hovering around 21,000.<\/p>\n\n\n\n<p>At the closing bell, the Sensex recorded a gain of 102.93 points or 0.15 percent, reaching 69,928.53, while the Nifty saw an increase of 27.70 points or 0.13 percent, closing at 20,997.10. The market witnessed 2211 advancing shares, 1358 declining shares, and 174 unchanged shares.<\/p>\n\n\n\n<p>Top performers on the Nifty included UPL, UltraTech Cement, Bajaj Auto, Adani Enterprises, and LTIMindtree, while Dr Reddy&#8217;s Laboratories, Cipla, Axis Bank, BPCL, and M&amp;M were among the losers.<\/p>\n\n\n\n<p>In various sectors, PSU Bank, FMCG, capital goods, power, metal, and realty saw gains of 0.5-1 percent, while the pharma index experienced a 0.4 percent decline.<\/p>\n\n\n\n<p>The BSE midcap index increased by 1 percent, and the smallcap index added 0.7 percent.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Prediction For Tuesday NIFTY can go up if it goes above 21000 or down after the level of 20900 but all depends upon the Global cues.<\/h2>\n\n\n\n<p>Nifty started flat, gained about 20 points, and closed near 21,000. It might face resistance at this level, but overall, the trend is positive. The upward movement is expected to be steady, given the rapid increase last week. Short-term elevation is likely due to sector changes and individual stock movements. There might be a chance of buying at a dip if it goes to the range of 20,900 \u2013 20,800, which can be the support level for tomorrow.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>Highest Call Writing at<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>21000 (90.3 Lakhs)<\/strong><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>Highest Put Writing at<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>20900 (79.1 Lakhs)<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading has-text-align-center\">Nifty Support and Resistance<\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>Support<\/strong> <\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>20900, 20800<\/strong><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>Resistance<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>21000<\/strong>, <strong>21100<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading has-text-align-center\">Bank Nifty Daily Chart Prediction<\/h2>\n\n\n\n<figure class=\"wp-block-image aligncenter size-large is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"609\" src=\"https:\/\/www.spidersoftwareindia.com\/blog\/wp-content\/uploads\/2023\/12\/image-2-1024x609.png\" alt=\"\nThe image depicts the Bank Nifty's daily time frame stock market chart, utilized for forecasting market conditions on December 12, 2023.\" class=\"wp-image-3325\" style=\"width:582px;height:auto\" srcset=\"https:\/\/www.spidersoftwareindia.com\/blog\/wp-content\/uploads\/2023\/12\/image-2-1024x609.png 1024w, https:\/\/www.spidersoftwareindia.com\/blog\/wp-content\/uploads\/2023\/12\/image-2-300x179.png 300w, https:\/\/www.spidersoftwareindia.com\/blog\/wp-content\/uploads\/2023\/12\/image-2-768x457.png 768w, https:\/\/www.spidersoftwareindia.com\/blog\/wp-content\/uploads\/2023\/12\/image-2-1536x914.png 1536w, https:\/\/www.spidersoftwareindia.com\/blog\/wp-content\/uploads\/2023\/12\/image-2.png 1741w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">Prediction For Tuesday Bank NIFTY can go up if it goes above 47500 or down after the level of 47000 but it all depends upon the Global cues.<\/h2>\n\n\n\n<p>Bank Nifty met resistance at higher levels but stayed positive, supported by a strong base at 47,000-46,900. The current strategy is to see if there\u2019s an opportunity for buys on the dip, taking advantage of declines towards the support at 47,000. A significant breakthrough above 47,500 could lead to more gains towards 48000.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>Highest Call Writing at<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>47500 (40.0 Lakhs)<\/strong><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>Highest Put Writing at<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>47000 (30.8 Lakhs)<\/strong><\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\"> <\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading has-text-align-center\">Bank Nifty Support and Resistance<\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>Support<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>47000, 46900<\/strong><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>Resistance<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>47500, 48000<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>Also, check our Article on the most common <a href=\"https:\/\/www.spidersoftwareindia.com\/blog\/most-usedindicators-in-swing-trading\/\">Indicators used in Swing Trading<\/a>.<\/p>\n\n\n\n<p>If you&#8217;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<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-1 wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button is-style-outline\"><a class=\"wp-block-button__link has-white-color has-vivid-cyan-blue-background-color has-text-color has-background wp-element-button\" href=\"https:\/\/spidersoftwareindia.com\/contact-us.php\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Free Demo<\/strong><\/a><\/div>\n\n\n\n<div class=\"wp-block-button is-style-outline\"><a class=\"wp-block-button__link has-vivid-green-cyan-color has-text-color wp-element-button\" href=\"https:\/\/rzp.io\/l\/b8kiANSCW\" target=\"_blank\" rel=\"noreferrer noopener\">Buy Now<\/a><\/div>\n<\/div>\n\n\n\n<pre class=\"wp-block-code has-small-font-size\"><code>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 &amp; 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 &amp; 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<div class=\"pvc_clear\"><\/div><p id=\"pvc_stats_3321\" class=\"pvc_stats all  \" data-element-id=\"3321\" style=\"\"><i class=\"pvc-stats-icon large\" aria-hidden=\"true\"><svg aria-hidden=\"true\" focusable=\"false\" data-prefix=\"far\" data-icon=\"chart-bar\" role=\"img\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 512 512\" class=\"svg-inline--fa fa-chart-bar fa-w-16 fa-2x\"><path fill=\"currentColor\" d=\"M396.8 352h22.4c6.4 0 12.8-6.4 12.8-12.8V108.8c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v230.4c0 6.4 6.4 12.8 12.8 12.8zm-192 0h22.4c6.4 0 12.8-6.4 12.8-12.8V140.8c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v198.4c0 6.4 6.4 12.8 12.8 12.8zm96 0h22.4c6.4 0 12.8-6.4 12.8-12.8V204.8c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v134.4c0 6.4 6.4 12.8 12.8 12.8zM496 400H48V80c0-8.84-7.16-16-16-16H16C7.16 64 0 71.16 0 80v336c0 17.67 14.33 32 32 32h464c8.84 0 16-7.16 16-16v-16c0-8.84-7.16-16-16-16zm-387.2-48h22.4c6.4 0 12.8-6.4 12.8-12.8v-70.4c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v70.4c0 6.4 6.4 12.8 12.8 12.8z\" class=\"\"><\/path><\/svg><\/i> <img loading=\"lazy\" decoding=\"async\" width=\"16\" height=\"16\" alt=\"Loading\" src=\"https:\/\/www.spidersoftwareindia.com\/blog\/wp-content\/plugins\/page-views-count\/ajax-loader-2x.gif\" border=0 \/><\/p><div class=\"pvc_clear\"><\/div>","protected":false},"excerpt":{"rendered":"<p>Nifty reaches the 21,000 mark, while Sensex attains the 70,000 milestone in a session marked by volatility.<\/p>\n<div class=\"pvc_clear\"><\/div>\n<p id=\"pvc_stats_3321\" class=\"pvc_stats all  \" data-element-id=\"3321\" style=\"\"><i class=\"pvc-stats-icon large\" aria-hidden=\"true\"><svg aria-hidden=\"true\" focusable=\"false\" data-prefix=\"far\" data-icon=\"chart-bar\" role=\"img\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 512 512\" class=\"svg-inline--fa fa-chart-bar fa-w-16 fa-2x\"><path fill=\"currentColor\" d=\"M396.8 352h22.4c6.4 0 12.8-6.4 12.8-12.8V108.8c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v230.4c0 6.4 6.4 12.8 12.8 12.8zm-192 0h22.4c6.4 0 12.8-6.4 12.8-12.8V140.8c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v198.4c0 6.4 6.4 12.8 12.8 12.8zm96 0h22.4c6.4 0 12.8-6.4 12.8-12.8V204.8c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v134.4c0 6.4 6.4 12.8 12.8 12.8zM496 400H48V80c0-8.84-7.16-16-16-16H16C7.16 64 0 71.16 0 80v336c0 17.67 14.33 32 32 32h464c8.84 0 16-7.16 16-16v-16c0-8.84-7.16-16-16-16zm-387.2-48h22.4c6.4 0 12.8-6.4 12.8-12.8v-70.4c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v70.4c0 6.4 6.4 12.8 12.8 12.8z\" class=\"\"><\/path><\/svg><\/i> <img loading=\"lazy\" decoding=\"async\" width=\"16\" height=\"16\" alt=\"Loading\" src=\"https:\/\/www.spidersoftwareindia.com\/blog\/wp-content\/plugins\/page-views-count\/ajax-loader-2x.gif\" border=0 \/><\/p>\n<div class=\"pvc_clear\"><\/div>\n","protected":false},"author":1,"featured_media":3331,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11,1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Stock Market Prediction for Nifty &amp; 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