In Stock market today Nifty hovers around 19,550 while Sensex experiences a 232-point decline, with all sectors showing losses.
Stock Market Nifty Chart Prediction.
On October 20, benchmark indices closed lower for the third consecutive session, with the Nifty hovering around 19,550, as the Sensex declined by 231.62 points (0.35 percent) to reach 65,397.62, and the Nifty dropped by 82.00 points (0.42 percent) to 19,542.70; during the day, 1333 shares advanced, 2234 shares declined, and 141 remained unchanged. Notable losers on the Nifty included ITC, Divis Labs, HUL, BPCL, and Tata Steel, while gainers comprised Kotak Mahindra Bank, IndusInd Bank, TCS, SBI Life Insurance, and NTPC; all sectoral indices ended in the red, with capital goods, metal, power, realty, oil & gas, FMCG, and pharma shedding 0.5-1 percent, and the BSE Midcap index dropping by 1 percent and the Smallcap index down by 0.7 percent.
Prediction For Monday NIFTY can go up if it goes above 19600 or go down after the level of 19500 but all depend upon the Global cues.
There are good chances of market going down as today market opened gap down and then it was in range but after sometime it started coming down and closed near level of 19550. If it goes beyond any level given above it will give a one side move on any side up or down. Nifty gives flat opening, it may move to the level of 19600 or 19500 But all these aspects depend upon the Global cues.
| Highest Call Writing at | 19,700 (1.6 crores) |
| Highest Put Writing at | 19,500 (2.4 crores) |
Nifty Support and Resistance
| Support | 19500,19450 |
| Resistance | 19600,19650 |
Bank Nifty Daily Chart Prediction
Prediction For Monday Bank NIFTY can go up if it goes above 43850 or go down after the level of 45600 but all depend upon the Global cues.
Today, BANK NIFTY opened gap down in morning but after that there was in range but in afternoon there was some weakness. Today bank nifty has closed in red and closed near its critical level of 43725 which has made bank nifty weak again For Monday. you can go with the strategy of sell on rise.
| Highest Call Writing at | 43800 (26.4Lakhs) |
| Highest Put Writing at | 43500 (21.1 Lakhs) |
Bank Nifty Support and Resistance
| Support | 43600,43500 |
| Resistance | 43850,44000 |
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