In Stock market today dropped 366 points, causing the Nifty to fall below 19,250; meanwhile, Vi saw a 9% surge and Jio Financial gained 3%.
Stock Market Nifty Chart Prediction.
Anticipating a hawkish tone from Powell’s Jackson Hole speech, the rupee traded lower against a strengthening dollar, though it secured its first weekly gains in five due to central bank intervention and reduced crude oil prices, with a focus on next week’s regional PMI reports and India’s expected Q2 GDP growth of around 7.8%, up from 6.1%. The spot USDINR is projected to range between 82.80 and 82.40 in the upcoming days.
Prediction For Monday NIFTY can go up if it goes above 19350 or go down after the level of 19200 but all depend upon the Global cues.
There are good chances of market going in down trend as NIFTY is below its important level of 19400 after giving gap down opening . If Nifty gives flat opening, it may move to the level of 19200. But all these aspects depend upon the Global cues.
| Highest Call Writing at | 19,300 (1.1 crores) 19,500 (1.2 crores) |
| Highest Put Writing at | 19,300 (69 LK) 19,000 (84 LK) |
Nifty Support and Resistance
| Support | 19200,19100 |
| Resistance | 19350,19400 |
Bank Nifty Daily Chart Prediction
Prediction For Monday Bank NIFTY can go up if it goes above 44650 or down after 44200, but all depend upon the Global cues.
Today, BANK NIFTY was strong as compared to nifty. But today also bank nifty has again closed in red and closed below its critical level of 44200 which has made bank nifty weak again For Monday you can go with the strategy of buy on the dip.
| Highest Call Writing at | 45000 (28 Lakhs) |
| Highest Put Writing at | 44000 (28 Lakhs) |
Bank Nifty Support and Resistance
| Support | 44000,43800 |
| Resistance | 44400,44525 |
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