In the Stock Market Today, Sensex climbs 676 points, pushing Nifty past 22,400. Leading gainers are M&M, Bharti Airtel & Tech Mahindra.
Stock Market Nifty Chart Prediction.
On May 16, Sensex rose by 677 points to reach 73,663, while the Nifty 50 increased by 203 points or to 22,403. There were 2,049 advancing shares, -1,640 declining shares, and 116 shares that remained unchanged.
Top Nifty gainers: M&M, BHARTI AIRTEL, TECH MAHINDRA and TITAN
Top Nifty Losers: INDUSINDBK, TATAMOTORS, POWERGRID, SBIN and MARUTI
Among sectoral indices, Nifty Consumer Durables sector was the top performer, increasing by 1.7%. Nifty IT and Nifty Realty also saw gains of 1.7% each. Nifty FMCG went up by 0.8%, and both Nifty Bank and Auto advanced by 0.6%. On the downside, the Nifty PSU Bank index fell by 0.88%.
BSE Midcap & Smallcap index gaining more than 1% each.
Stock Prediction for 17th May 2024.
| STOCK | Good Above | Weak Below |
| INDHOTEL | 570 | 564 |
| MITHOOTFIN | 1705 | 1681 |
| ONGC | 277 | 273 |
| PIDILITIND | 3025 | 2995 |
Prediction For Friday, NIFTY can go up if it goes above 22,500 or down after the level of 22,300 but all depends upon the Global cues.
Nifty opened on a strong note, showing significant volatility throughout the session. Despite this, the index successfully closed positively at 22,404. It faces resistance between 22,500 and 22,600, while support is found in the 22,300 to 22,200 range.
| Highest Call Writing at | 22,500 (1.3 Crore) |
| Highest Put Writing at | 22,300 (1.6 Crore) |
Nifty Support and Resistance
| Support | 22,300, 22,200 |
| Resistance | 22,500, 22,600 |
Bank Nifty Daily Chart Prediction.
Prediction For Friday, Bank NIFTY can go up if it goes above 47,700 or down after the level of 47,600 but it all depends upon the Global cues.
Bank Nifty experienced a strong resurgence, driven by bullish activity, resulting in an intraday rise of 1,000 points. The next significant resistance level for the index is between 48,200 and 49,000. On the lower side, support is positioned in the 47,600-47,500 range. As long as this support remains intact, the market sentiment will stay bullish.
| Highest Call Writing at | 48,200 (21.5 Lakhs) |
| Highest Put Writing at | 47,600 (13.1 Lakhs) |
Bank Nifty Support and Resistance
| Support | 47,600, 47,500 |
| Resistance | 48,200, 49,000 |
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