In today’s stock market, Sensex rises by 230 points, with Nifty crossing 23,830; INDIA VIX drops sharply by 7%.
Stock Market Nifty Chart Prediction
On December 27, the Sensex was up 226.59 points at 78,699.07, and the Nifty was up 63.20 points at 23,813.40. About 1,866 shares advanced, 1,946 shares declined, and 113 shares remained unchanged.
Top Nifty gainers: Dr Reddy’s Labs, M&M, IndusInd Bank, Eicher Motors, Tata Motors
Top Nifty Losers: Hindalco Industries, SBI, ONGC, Tata Steel, Shriram Finance.
Among sectors, auto, pharma, and media gained 0.5-1 percent, while realty, PSU Bank, oil & gas, and metal indices declined by 0.5-1 percent.
BSE Midcap index is trading flat while smallcap index up 0.4 percent.
Stock Prediction for 30th Dec 2024
| STOCK | Good Above | Weak Below |
| CAMS | 5050 | 5000 |
| COROMANDEL | 1860 | 1840 |
| ICICIBANK | 1315 | 1300 |
| WIPRO | 311 | 306 |
Prediction for Monday 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 an initial rise, the Nifty extended its gains and briefly surpassed the 23,813 level. However, it lost momentum and gradually drifted lower as the session progressed, ultimately closing at 23,813.40. Resistance is seen between 24,000 and 24,200, while support lies in the 23,600 to 23,500 range.
| Highest Call Writing at | 24,000 (81.7 Lakh) |
| Highest Put Writing at | 23,600 (68.5 Lakh) |
Nifty Support and Resistance
| Support | 23,600-23,500 |
| Resistance | 24,000-24,200 |
Bank Nifty Daily Chart Prediction
Prediction For Monday, Bank NIFTY can go up if it goes above 51,500 or down after the level of 51,200, but it all depends upon the Global cues.
Bank Nifty is currently trading in a sideways-to-downtrend pattern. If you have short positions, it’s advisable to hold them with a daily closing stoploss at 51,860. The resistance levels lie between 51,500-51,800, indicating a zone of selling pressure. On the downside, support is visible in the range of 51,200-50,800, which could act as a potential reversal zone. Traders should monitor these levels closely for any breakouts or rebounds.
| Highest Call Writing at | 51,500 (13.0 Lakh) |
| Highest Put Writing at | 51,200 (13.5 Lakh) |
Bank Nifty Support and Resistance
| Support | 51,200-50,800 |
| Resistance | 51,500-51,800 |
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