In the Stock Market Today, Nifty near 25,400 as Sensex rises; power sector advances while FMCG lags behind.
Stock Market Nifty Chart Prediction.
On September 16, The Sensex gained 97.84 points, to reach 82,988.78, while the Nifty rose by 27.30 points, to 25,383.80. In the market, around 2,080 stocks moved higher, -1,862 saw a decline, and 85 remained unchanged.
Top Nifty gainers: NTPC, JSW Steel, Hindalco Industries, Shriram Finance and L&T
Top Nifty Losers: Bajaj Finance, HUL, Bajaj Finserv, SBI Life Insurance and Britannia Industries.
All sectoral indices closed positive, except for FMCG and Telecom. Sectors such as banking, capital goods, power, real estate, media, and metals saw gains of 0.4% to 1%.
BSE midcap index ended flat, while smallcap index was up 0.3%.
Stock Prediction for 17th Sept 2024.
| STOCK | Good Above | Weak Below |
| BALRAMCHIN | 570 | 564 |
| MANAPPURAM | 214 | 211 |
| NTPC | 415 | 410 |
| TATACONSUM | 1225 | 1210 |
Prediction For Tuesday, NIFTY can go up if it goes above 25,500 or down after the level of 25,300, but it all depends upon the Global cues.
The Nifty index traded within a narrow range throughout the session as traders remained cautious ahead of a major event. The technical chart indicates no new patterns compared to the prior day. The trend remains strong, but short-term upside appears limited. Critical support levels are maintained between 25,300 and 25,000, while resistance is seen in the 25,500 to 26,000 range.
| Highest Call Writing at | 25,500 (95.5 Lakhs) |
| Highest Put Writing at | 25,300 (44.9 Lakhs) |
Nifty Support and Resistance
| Support | 25,300 and 25,000 |
| Resistance | 25,500 and 26,000 |
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 is showing a positive trend at the moment. If you have long positions, it is advised to maintain them, using a daily closing stop-loss of 51,558. Resistance is located between 52,500 and 53,000, while support is found in the 51,500 to 51,000 range.
| Highest Call Writing at | 52,500 (26.6 Lakhs) |
| Highest Put Writing at | 51,500 (27.8 Lakhs) |
Bank Nifty Support and Resistance
| Support | 51,500 and 51,000 |
| Resistance | 52,500 and 53,000 |
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