In today’s stock market, Nifty at 23,850; Sensex drops 940 points, led by losses in auto, banking, and FMCG.
Stock Market Nifty Chart Prediction
On November 12, the Sensex was down by 820.97 points, ending at 78,675.18. The Nifty dropped by 257.80 points, finishing at 23,883.50. Out of the total shares, 1,155 advanced, 2,641 declined, and 93 remained unchanged.
Top Nifty gainers: Trent, HCL Technologies, Sun Pharma, Infosys and Reliance Industries.
Top Nifty Losers: Britannia Industries, HDFC Bank, NTPC, Asian Paints and Bharat Electronics
All sectoral indices ended in the red, with auto, bank, capital goods, FMCG, metal, oil & gas, power, telecom, media, and pharma sectors down by 0.5 to 2 points.
BSE Midcap and Smallcap indices shed 1 percent each.
Stock Prediction for 13th Nov 2024.
| STOCK | Good Above | Weak Below |
| INFY | 1872 | 1850 |
| IPCALAB | 1570 | 1550 |
| JUBLFOOD | 642 | 635 |
| MFSL | 1230 | 1215 |
Prediction for Wednesday NIFTY can go up if it goes above 24,200 or down after the level of 23,820, but it all depends upon the Global cues.
On the daily chart, the index has formed a Bearish Engulfing pattern, signaling strong control by the bears. The immediate support is seen at 23,820-23,600. On the upside, there are multiple resistance levels, with the first at 24,200-24,000, where the index is likely to face selling pressure.
| Highest Call Writing at | 24,200 (1.0 crore) |
| Highest Put Writing at | 23,820 (61.6 Lakhs) |
Nifty Support and Resistance
| Support | 23,820-23,600 |
| Resistance | 24,200-24,000 |
Bank Nifty Daily Chart Prediction
Prediction For Wednesday, Bank NIFTY can go up if it goes above 52,250 or down after the level of 51,000, but it all depends upon the Global cues.
The markets remained under pressure, dropping by more than a percent, continuing the current correction phase. Resistance on the upside is expected between 52,250 and 52,500, while support on the downside is seen in the range of 51,000 to 50,750.
| Highest Call Writing at | 52,250 (49.0 Lakh) |
| Highest Put Writing at | 51,000 (29.2 Lakh) |
Bank Nifty Support and Resistance
| Support | 51,000 to 50,750 |
| Resistance | 52,250 and 52,500 |
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