Are you looking for the Nifty Prediction for Monday, then do not look further as you will get a complete analysis not only for Monday but for the whole week. The Nifty 50 index is trading at near to 52-week high at 18512. The Nifty 50 is a list of the largest and most profitable companies in India. Nifty is a stock market index that tracks the top 50 companies in India. The index was originally created by S.N. Bose and was originally called the National Stocks Exchange Composite Index, but it changed its name to Nifty 50 in 1999.
Nifty 50 is used as an indicator for comparing the performance of various sectors and companies over time since its composition changes regularly depending on which stocks are added or removed from it.
Nifty Prediction for Monday
We are of the opinion that Realty, CAPEX, consumer, and select banks could outperform, going ahead. On Monday, the Nifty is expected to open near 18500 and will take off to scale new heights. Out of the 21 stocks in our portfolio (the top six in terms of market cap), we are bullish on 18 stocks and neutral on three.
We are of the opinion that Nifty can scale new highs in December with some days of consolidation as December historically sees good returns. While global cues shall dictate the sector rotation we will discover some stock-specific. Result season has provided the much needed fuel to the sentiment as well.
US Fed has given dovish statements and the Black Friday sales data is heartwarming which shows that the USA may be able to beat inflation. Since the mother market will be bullish in the coming effect and thus we can say that Indian markets are also likely to be bullish in the future.
Thus Nifty is expected to trade around 18,400-18,880 in the coming week and is likely to open on Monday on a negative/flat note considering Apple factory lockdown issue in China. However, every dip will be buying opportunity. China loss can be India gain and thus any fall should be used an opportunity to accumulate the good quality stocks.
So make use of our
Nifty Prediction for Monday and be a part of the group with Indian-Share-Tips.Com that makes money on a daily basis by virtue of their accurate calls.
Nifty - Next Expiry - Critical Option Analytics Data |
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Strongest Support | Strengthening Support | PCR | MaxPain | Strengthening Resistance | Strongest Resistance |
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18300 | 18500 | 0.997532 | 18500 | 19200 | 18500 |
Nifty is likely to trade between 18300-18700 during the week from the bullish perspective with a max 19000. While the market remains in a bullish frame of mind. We can see that there are still several points where any crash or correction could happen. We believe that the Nifty will continue to remain bullish for the next few weeks but it is important to keep an eye on the technical indicators and price action before jumping into any trade. IT Stocks are expected to move higher in the coming week and it will propel the Nifty higher and be ready for the sector rotation from Banking stocks to IT stocks. The Nifty requires new propel triggers and IT stocks are going to lead the rally as they are still 20-30% away from their 52-week high. December month is a long 5 week series and thus one has to be careful.
As a strategy, you can take 18500 straddles and these people will make money till Nifty trades between 18300-19000 levels. India's GDP data is to be tracked which is going to come on this Wednesday which is likely to be good considering GDP data. Monthly auto sales data needs to be tracked. Crude coming down is good for auto sales and thus chances of Nifty touching a new high in December month are very high. India's VIX is crashing and thus fear is very less as vix is near ultra-low. Normally VIX at 15 and below is good. You can be bullish in December month and can invest in the given stocks with a strict stop loss. FIIs have become buyers and thus all-time high is coming soon.
USA Jobs data on the first Friday of the month in the USA needs to be watched.
Nifty 50 stocks for Monday are listed below which can be bullish:
Last but not least, if you want to put real money in the market then only use the services of SEBI-registered investment advisory services and we are proud to state that Indian-Share-Tips.Com is managed by a highly talented team who are SEBI Registered tips providers and their advice is backed by solid research. Do not run for free information on various platforms as nothing is free in the world and if it happens to be free then remember that you are the commodity.
Nifty Spot View: 28/11/2022
Cmp: 18512.75
Support & Downside Range: 18443—18397—18327--18280
Resistance & Upside Range: 18560—18606--18737
Short Term Trend Reversal Level: -- 18129
Trading View: Intraday trading bias remains bullish till nifty trading above 18443 spot levels and in such case upside 18560—18606 are minimum projection and max 18737 whereas if 18443 gets break and sustain below it than we may see a cooling off and sideways market which may lead downside towards 18397 minimum and max 18327.