In Stock market Nifty’s historic milestone of reaching 20,000 marks a significant achievement, attracting substantial investments from both domestic and foreign investors.
Stock Market Nifty Chart Prediction.
Despite global uncertainties driven by a strong dollar and rising US bond yields, India’s Nifty 50 index reached the remarkable 20,000-mark on September 11, fueled by robust domestic economic indicators and resilient investment from domestic institutional investors, marking a 17 percent surge since April and attracting over $18.9 billion in inflows, while mid- and small-cap indices experienced even more substantial gains of around 41 percent and 47 percent respectively. However, analysts have begun advising caution amid concerns over potential interest rate hikes and weaker Chinese trade balance data bolstering the US dollar.
Prediction For Tuesday NIFTY can go up if it goes above 20100 or go down after the level of 19950 but all depend upon the Global cues.
There are good chances of market going in upward direction as today market was up after opening green. It takes support near 19725 and after that it recovered from its low to closed near level of 20000. Today nifty hit new all time high. 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 20100 or 19900 But all these aspects depend upon the Global cues.
| Highest Call Writing at | 20,000 (1 CR) |
| Highest Put Writing at | 20,000 (55 LK) |
Nifty Support and Resistance
| Support | 19950,19900 |
| Resistance | 20100,20200 |
Bank Nifty Daily Chart Prediction
Prediction For Tuesday Bank NIFTY can go up if it goes above 45400 or go down after the level of 45000 but all depend upon the Global cues.
Today, BANK NIFTY opened flat in morning but it was in range in morning after that there was upside move in bank nifty led by Axis Bank and ICICI bank. Bank nifty brock it range of 45450. Today bank nifty has again closed in green and closed above its critical level of 45500 which has made bank nifty strong again For Tuesday you can go with the strategy of buy on dip.
| Highest Call Writing at | 45500 (34 Lakhs) |
| Highest Put Writing at | 45500 (37 Lakhs) |
Bank Nifty Support and Resistance
| Support | 45450,45250 |
| Resistance | 45850,46000 |
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