In the Stock Market Today, Sensex rises by 131 points, with Nifty surpassing 23,500; auto stocks show gains.
Stock Market Nifty Chart Prediction.
On June 24, Sensex increased by 131.18 points to reach 77,341.08, while the Nifty climbed 36.70 points to 23,537.80. Approximately 1800 shares advanced, -1696 shares fell, and 126 shares remained unchanged.
Top Nifty gainers: M&M, Shriram Finance, Power Grid Corporation, Sun Pharma and Grasim Industries
Top Nifty Losers: Cipla, IndusInd Bank, Adani Ports, Coal India and Tata Steel.
Sector-wise, capital goods, auto, FMCG, telecom, and power indices rose by 0.5-1%, whereas metal, oil & gas, PSU Bank, and media indices declined by 0.5-1%.
BSE midcap and Smallcap indices added 0.3%
Stock Prediction for 25th June 2024.
| STOCK | Good Above | Weak Below |
| BATAINDIA | 1463 | 1444 |
| BSOFT | 690 | 682 |
| HAVELLS | 1920 | 1892 |
| IGL | 478 | 473 |
Prediction For Tuesday, NIFTY can go up if it goes above 23,700 or down after the level of 23,350 but it all depends upon the Global cues.
Nifty opened with a gap down but managed to recover throughout the day, closing 37 points higher. Over the past ten trading sessions, Nifty has largely oscillated between 23,200 and 23,700. Dips towards the lower end of this range present a buying opportunity, with a trailing stop-loss set at 23,200. Resistance is found at 23,700-24,000, while support lies between 23,350 and 23,000.
| Highest Call Writing at | 23,700 (1.3 Crore) |
| Highest Put Writing at | 23,350 (1.3 Crore) |
Nifty Support and Resistance
| Support | 23,350 – 23,000 |
| Resistance | 23,700 – 24,000 |
Bank Nifty Daily Chart Prediction.
Prediction For Tuesday, Bank NIFTY can go up if it goes above 52,000 or down after the level of 51,000 but it all depends upon the Global cues.
BankNifty index maintained its strength, rebounding sharply after testing the support zone between 51,000 and 50,500. Immediate resistance is positioned between 52,000 and 53,000, with the highest open interest on the call side. If the index exceeds this level, it is expected to move further up towards the 52,400-52,800 range.
| Highest Call Writing at | 52,000 (27.8 Lakhs) |
| Highest Put Writing at | 51,000 (35.6 Lakhs) |
Bank Nifty Support and Resistance
| Support | 51,000 – 50,500 |
| Resistance | 52,000 – 53,000 |
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