In Stock market Nifty hovering around 20,100 as Sensex advances, with notable strength in the oil & gas, realty, and metals sectors.
Stock Market Nifty Chart Prediction.
Amidst weekly expiry day volatility, the markets closed with marginal gains, experiencing initial upticks followed by profit-taking in heavyweight stocks and a mixed sectoral performance, particularly notable in the strength of metal and realty sectors, while FMCG remained subdued; the broader market’s ongoing recovery added to positive sentiment. Expectations include a gradual climb towards 20,300 in Nifty with potential support around 19,800-19,950, emphasizing the importance of stock selection and a preference for index majors.
Prediction For Friday NIFTY can go up if it goes above 20150 or go down after the level of 20000 but all depend upon the Global cues.
There are good chances of market going in upward direction as today market was range bound. It takes support near 19950 and after that it was in range. If it goes beyond any level given above it will give a one side move on any side up or down. Nifty gives flat opening, it may move to the level of 20150 or 20000 But all these aspects depend upon the Global cues.
|Highest Call Writing at||20,200 (1.1 CR)|
|Highest Put Writing at||20,000 (1.2 CR)|
Nifty Support and Resistance
Bank Nifty Daily Chart Prediction
Prediction For Friday Bank NIFTY can go up if it goes above 46000 or go down after the level of 45850 but all depend upon the Global cues.
Today, BANK NIFTY opened gap up in morning but after that there was downward move in bank nifty. But most of the time bank nifty was in range Today bank nifty has again closed in green and closed near its critical level of 46000 which has made bank nifty strong again For Friday you can go with the strategy of buy on dip.
|Highest Call Writing at||45900 (43 Lakhs)|
|Highest Put Writing at||45900 (37 Lakhs)|
Bank Nifty Support and Resistance
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