In the Stock Market Today, Sensex rises 253 points, Nifty surpasses 22,450. BSE Midcap reaches a new high, Smallcap closes near its record.
Stock Market Nifty Chart Prediction.
On May 17, Sensex climbed to 73,916 points, whereas the Nifty concluded at 22,464 points. BSE MidCap witnessed a strong surge of 1.2%, while SmallCap concluded the day with a notable 1.4% increase.
Top Nifty gainers: Kaynes Technology, M&M, ULTRACEMCO, GRASIM and JSWSTEEL
Top Nifty Losers: CIPLA, TCS, SBILIFE, TCLTECH, BRITANNIA and BAJAJ-AUTO
Among sectoral indices, Nifty Consumer Durables index saw a 2.8% rise, followed by gains of 1.7% in the Nifty Realty, Metal, and Auto indices. On the other hand, the Nifty IT index was the biggest loser, falling by 0.9%.
BSE MidCap rose by 1.2%, while SmallCap gained 1.4%.
Stock Prediction for 18th May 2024.
| STOCK | Good Above | Weak Below |
| AUROPHARMA | 1175 | 1160 |
| COALINDIA | 473 | 468 |
| RECLTD | 546 | 540 |
| TATAPOWER | 436 | 431 |
Prediction For Friday, NIFTY can go up if it goes above 22,500 or down after the level of 21,900 but all depends upon the Global cues.
Nifty opened flat on Friday, reflecting global cues. The index remained in positive territory and closed at 22,466. As long as it stays above 22,320, the rally could extend to 22,600. Resistance is anticipated between 22,600 and 22,800, while support lies between 21,900 and 21,800.
| Highest Call Writing at | 22,600 (43.9 Lakhs) |
| Highest Put Writing at | 21,900 (52.2 Lakhs) |
Nifty Support and Resistance
| Support | 21,900, 21,800 |
| Resistance | 22,600, 22,800 |
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 started the day on a weaker note but gained momentum after initial jitters, closing positively at 48,116. Support is found between 47,600 and 47,500, while resistance is located between 48,000 and 48,600.
| Highest Call Writing at | 48,000 (21.5 Lakhs) |
| Highest Put Writing at | 47,600 (13.1 Lakhs) |
Bank Nifty Support and Resistance
| Support | 47,600, 47,500 |
| Resistance | 48,000, 48,600 |
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