In today’s stock market, Sensex and Nifty fall as Tesla’s India entry hits auto stocks; Sensex down 420 pts, Nifty below 22,800.
Stock Market Nifty Chart Prediction
On February 21, Sensex was down 424.90 points at 75,311.06, and the Nifty was down 117.25 points at 22,795.90. About 1625 shares advanced, -2169 shares declined, and 111 shares unchanged.
Top Nifty gainers: Hindalco, Tata Steel, SBI Life Insura, Eicher Motors, Larsen.
Top Nifty Losers: M&M, BPCL, Adani ports, Tata Motors, Wipro, Dr Reddy.
Most sectoral indices faced losses, with 12 out of 13 ending in the red. Nifty Metal was the only exception, gaining over 1%.
BSE Midcap index sheds over 1%
Stock Prediction for 24th Feb 2025
| STOCK | Good Above | Weak Below |
| CUMMINSIND | 2830 | 2800 |
| JINDALSTEL | 880 | 870 |
| JSL | 628 | 620 |
| POLICYBZR | 1575 | 1558 |
Prediction for Monday NIFTY can go up if it goes above 23,000 or down after the level of 22,700, but it all depends upon the Global cues.
Nifty closed below 22,800 for the first time since June 5, 2024, as the market struggled to maintain early gains. The overall trend remains negative. Traders holding short positions should continue to do so, with a daily closing stop-loss set at 23,066. On the upside, resistance is at 23,000-23,500, while support is found in the 22,700-22,500 range.
| Highest Call Writing at | 23,000 (1.2 Cr) |
| Highest Put Writing at | 22,700 (89.9 Lk) |
Nifty Support and Resistance
| Support | 22,700 and 22,500 |
| Resistance | 23,000 and 23,500 |
Bank Nifty Daily Chart Prediction
Prediction For Monday, Bank NIFTY can go up if it goes above 49,500 or down after the level of 49,000, but it all depends upon the Global cues.
Bank Nifty remains in a negative trend, with the index declining by 353 points to close at 48,981. Traders holding short positions should maintain them, setting a daily closing stop-loss at 49,645. Resistance is positioned between 49,500 and 50,200, while support is in the 49,000-48,500 range.
| Highest Call Writing at | 49,500 (25.2 Lakh) |
| Highest Put Writing at | 49,000 (13.4 Lakh) |
Bank Nifty Support and Resistance
| Support | 49,000 and 48,500 |
| Resistance | 49,500 and 50,200 |
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