In today’s stock market, Sensex and Nifty dipped slightly. metal and power stocks weakened, while FMCG and auto stocks showed gains.
Stock Market Nifty Chart Prediction
On December 24, Sensex rose by 498.58 points, to reach 78,540.17, while the Nifty gained 165.95 points, closing at 23,753.45. Advancing shares numbered 1,565, decliners stood at -2,348, & 134 shares remained unchanged.
Top Nifty gainers: Tata Motors, Adani Enterprises, Eicher Motors, BPCL and ITC.
Top Nifty Losers: Power Grid Corp, JSW Steel, SBI Life Insurance, IndusInd Bank and Grasim Industries
There was buying interest in auto, FMCG, oil & gas, pharma, and realty stocks, while IT, media, metal, and PSU Bank stocks faced selling pressure.
The BSE Midcap Index closed flat, while the Smallcap Index gained 0.3%.
Stock Prediction for 26th Dec 2024
| STOCK | Good Above | Weak Below |
| ITC | 480 | 475 |
| EICHERMOT | 4830 | 4765 |
| HINDPETRO | 415 | 410 |
| TATACHEM | 1072 | 1060 |
Prediction for Thursday NIFTY can go up if it goes above 23,900 or down after the level of 23,600, but it all depends upon the Global cues.
After a slow start, the Index moved higher, driven by gains in Auto and IT stocks. Technically, the market remained range-bound throughout the day and formed a small inside-body candle on the daily charts. Resistance is anticipated between 23,900 and 24,200, while support lies in the 23,600-23,400 range.
| Highest Call Writing at | 23,900 (1.2 crore) |
| Highest Put Writing at | 23,600 (92.0 Lakh) |
Nifty Support and Resistance
| Support | 23,600-23,400 |
| Resistance | 23,900 and 24,200 |
Bank Nifty Daily Chart Prediction
Prediction For Thursday, Bank NIFTY can go up if it goes above 51,000 or down after the level of 50,500, but it all depends upon the Global cues.
Bank Nifty is currently in a downward trend. The market appears non-directional, with traders awaiting a breakout in either direction. Resistance is expected between 51,500 and 51,750, while support is in the 51,000-50,750 range.
| Highest Call Writing at | 51,500 (40.4 Lakh) |
| Highest Put Writing at | 51,000 (1.0 crore) |
Bank Nifty Support and Resistance
| Support | 51,500 and 51,750 |
| Resistance | 51,500 and 51,750 |
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. 
