In the Stock Market Today, Sensex and Nifty finish unchanged in a volatile session; mid and smallcap stocks outperform
Stock Market Nifty Chart Prediction.
On June 11 Sensex declined by 33.49 points, 76,456.59, while the Nifty increased by 5.60 points, 23,264.80. Approximately 2,246 shares rose, -1,193 shares fell, and 70 shares remained unchanged.
Top Nifty gainers: ONGC, L&T, Adani Ports, Maruti Suzuki and Tata Motors
Top Nifty Losers: Kotak Mahindra Bank, Dr Reddy’s Labs, Asian Paints, Reliance Industries & Divis Labs.
In sectoral performance, there was selling pressure in banking, FMCG, healthcare, and metal stocks, while capital goods, oil & gas, and realty sectors each gained 1 percent.
BSE midcap index rose 0.7% while the smallcap index added 1%
Stock Prediction for 12th June 2024.
| STOCK | Good Above | Weak Below |
| LISHSGFIN | 682 | 676 |
| LT | 3635 | 3600 |
| M&M | 2836 | 2800 |
| ZYDUSLIFE | 1090 | 1075 |
Prediction For Wednesday, NIFTY can go up if it goes above 23,400 or down after the level of 23,000 but it all depends upon the Global cues.
Nifty experienced volatile movement around the 23,400 level, ending the day with a slight positive note. Initially opening with a positive bias, the market climbed during the first half of the session. However, Nifty gave up its gains and ultimately closed lower. It is currently positioned at the resistance range of 23,400-23,800, with support found between 23,000 and 22,800.
| Highest Call Writing at | 23,400 (1.7 Crore) |
| Highest Put Writing at | 23,000 (68.5 Lakhs) |
Nifty Support and Resistance
| Support | 23,000 – 22,800 |
| Resistance | 23,400 – 23,800 |
Bank Nifty Daily Chart Prediction.
Prediction For Wednesday, Bank NIFTY can go up if it goes above 50,000 or down after the level of 49,000 but it all depends upon the Global cues.
BankNifty Index had a sideways trading session, failing to break past the 50,000 mark. If the index manages to surpass 50,000, a significant short-covering rally towards the 50,000-50,500 range is anticipated. The overall sentiment remains bullish, suggesting traders should adopt a buy-on-dip strategy, with support at the 49,000-48,500 levels.
| Highest Call Writing at | 50,000 (32.0 Lakhs) |
| Highest Put Writing at | 49,000 (26.8 Lakhs) |
Bank Nifty Support and Resistance
| Support | 49,000 – 48,500 |
| Resistance | 50,000 – 50,500 |
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