In today’s stock market, Nifty slips below 24,600, Sensex drops 236 points; IT stocks lead the way.
Stock Market Nifty Chart Prediction
On December 12, Sensex was down 236.18 points at 81,289.96, and the Nifty was down 93.10 points at 24,548.70. About 1,440 shares advanced, 2,395 shares declined, and 102 shares remained unchanged.
Top Nifty gainers: Adani Enterprises, Tech Mahindra, IndusInd Bank, Bharti Airtel, Adani Ports
Top Nifty Losers: NTPC, Hero MotoCorp, HUL, Coal India and BPCL.
Except for IT, all other sectoral indices closed in the red, with the Media index falling by 2 points and the FMCG index losing 1 point.
BSE Midcap index shed 0.5 percent and Smallcap index was down 1 percent.
Stock Prediction for 13th Dec 2024
| STOCK | Good Above | Weak Below |
| ICICIGI | 1980 | 1958 |
| PAYTM | 961 | 950 |
| PIDILITIND | 3200 | 3164 |
| UNITDSPR | 1535 | 1520 |
Prediction for Friday NIFTY can go up if it goes above 24,700 or down after the level of 24,500, but it all depends upon the Global cues.
The Index started the weekly expiry trade on a cautious note and steadily widened its losses, ultimately closing at 24,548.70, down by 93.10 points. Nifty50 formed a bearish candle near the lower end of its consolidation range, and tomorrow’s trading will offer a clearer outlook. Resistance is seen in the range of 24,700 to 25,000, while support is positioned between 24,500 and 24,000.
| Highest Call Writing at | 24,700 (2.2 crore) |
| Highest Put Writing at | 24,500 (1.1 crore) |
Nifty Support and Resistance
| Support | 24,500 to 24,000 |
| Resistance | 24,700 and 25,000 |
Bank Nifty Daily Chart Prediction
Prediction For Friday, Bank NIFTY can go up if it goes above 53,750 or down after the level of 53,000, but it all depends upon the Global cues.
The market remained range-bound ahead of domestic CPI data and a weakening rupee. While inflation is expected to decrease, investors are closely watching vegetable prices, which will influence the future rate trajectory. Resistance is observed between 53,750 and 54,000, while support is seen between 53,000 and 52,750.
| Highest Call Writing at | 53,750 (25.2 Lakh) |
| Highest Put Writing at | 53,000 (18.7 Lakh) |
Bank Nifty Support and Resistance
| Support | 53,000 and 52,750 |
| Resistance | 53,750 and 54,000 |
Power of Algorithms in Options Trading, Try Spider Now: Register Now
If you’d like to know how we analyze the market and provide accurate levels every day. then click on the Free Demo button below and change your trading life for good. 5X returns are possible in options trading If you have Spider Software in your trading system.
Disclaimer: The information provided in this Blog is for educational purposes only and should not be construed as financial advice. Trading in the stock market involves a significant level of risk and can result in both profits and losses. Spider Software & Team does not guarantee any specific outcome or profit from the use of the information provided in this Blog. It is the sole responsibility of the viewer to evaluate their own financial situation and to make their own decisions regarding any investments or trading strategies based on their individual financial goals, risk tolerance, and investment objectives. Spider Software & Team shall not be liable for any loss or damage, including without limitation any indirect, special, incidental or consequential loss or damage, arising from or in connection with the use of this blog or any information contained herein. 
