In the stock market today, Nifty falls below 25,100, with Sensex down 130 points; auto and metals sectors decline, while realty performs well.
Stock Market Nifty Chart Prediction.
On October 15, Sensex declined by 152.93 points to close at 81,820.12, while the Nifty fell by 70.70 points to settle at 25,057.30. Of the shares traded, 1,967 advanced, 1,808 declined, and 106 remained unchanged.
Top Nifty gainers: ICICI Bank, Bharti Airtel, BPCL, Britannia Industries and Bharat Electronics
Top Nifty Losers: Bajaj Auto, Wipro, Bajaj Finance, Hindalco, and HDFC Life.
Sector performance was mixed, the metal index fell 1.5, auto was down nearly 1, and pharma dropped 0.5, while realty gained 2 and media rose 0.7.
BSE midcap index was up 0.3 percent and smallcap index added 1 percent.
Stock Prediction for 16th Oct 2024.
| STOCK | Good Above | Weak Below |
| ABFRL | 351 | 346 |
| ASIANPAINT | 3085 | 3050 |
| BPCL | 352 | 347 |
| NTPC | 430 | 424 |
Prediction for Wednesday NIFTY can go up if it goes above 25,200 or down after the level of 25,000, but it all depends upon the Global cues.
The level of 25,200 proved to be a strong resistance, causing a sharp reversal and leading to range-bound activity. The index closed at 25,057.35, down 70.60 points. We expect upward momentum to continue in the coming sessions, targeting the 25,200–25,500 range. Support has shifted higher to 25,000–24,800.
| Highest Call Writing at | 25,200 (91.4 Lakh) |
| Highest Put Writing at | 25,000 (60.9 Lakh) |
Nifty Support and Resistance
| Support | 25,000–24,800 |
| Resistance | 25,200–25,500 |
Bank Nifty Daily Chart Prediction.
Prediction For Wednesday, Bank NIFTY can go up if it goes above 52,000 or down after the level of 51,800, but it all depends upon the Global cues.
Markets remain volatile, with key indices closing lower after Monday’s gains. Concerns about global economic uncertainty, driven by the ongoing West Asia conflict and a sharp decline in crude oil prices indicating a demand slowdown, persist. The support level is between 51,800–51,500 range, while resistance is seen between 52,000 and 52,500.
| Highest Call Writing at | 52,000 (37.5 Lakhs) |
| Highest Put Writing at | 51,800 (34.8 Lakhs) |
Bank Nifty Support and Resistance
| Support | 51,800–51,500 |
| Resistance | 52,000-52,500 |
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