In Stock market today Nifty around 19,300, Sensex falls 200 pts; power stocks gain
Stock Market Nifty Chart Prediction.
On August 18, the benchmark indices experienced a volatile trading session, ultimately closing lower. The Nifty, a key stock market index in India, closed at around 19,300 points. By the end of trading, the Sensex, another important market index, had dropped by 202.36 points, equivalent to 0.31 percent, settling at 64,948.66. Similarly, the Nifty saw a decline of 55.10 points, or 0.28 percent, finishing the day at 19,310.20 points. The market saw 1523 shares advancing, 1978 shares declining, and 133 shares remaining unchanged.
Among the major losers on the Nifty were Hero MotoCorp, TCS (Tata Consultancy Services), Coal India, Hindalco Industries, and Tech Mahindra. Conversely, the gainers included Adani Enterprises, Adani Ports, Eicher Motors, Maruti Suzuki, and Nestle India.
However, most of the sectoral indices, excluding FMCG (Fast-Moving Consumer Goods) and Power, closed in negative territory. The Information Technology index experienced a significant decline of 1.5 percent, while the Metal index also dipped by nearly 1 percent.
Additionally, both the BSE midcap and smallcap indices concluded the trading day with negative performances.
Prediction For Monday NIFTY can go up if it goes above 19400 or down after 19250, but all depend upon the Global cues.
There are good chances of flat to slight Gap down opening for Monday as NIFTY is near its important level of 19300 after giving strong profit booking from its high. If Nifty gives a Gap down opening, it may move to the level of 19200. But all these aspects depend upon the Global cues.
| Highest Call Writing at | 19500 (77 LK) 19400 (1.1 CR) |
| Highest Put Writing at | 19300 ( 82 LK) 19200 (67 LK) |
Nifty Support and Resistance
| Support | 19300,19250 |
| Resistance | 19400,19450 |
Bank Nifty Daily Chart Prediction
Prediction For Monday Bank NIFTY can go up if it goes above 44000 or go down after the level of 43750 but all depend upon the Global cues.
There are good chances of flat to slight Gap down opening for Monday as NIFTY is near its important level of 19300 after giving strong profit booking from its high. If Nifty gives a Gap down opening, it may move to the level of 19200. But all these aspects depend upon the Global cues.
| Highest Call Writing at | 46000 (25 LK) 44000 (30 LK) |
| Highest Put Writing at | 43800(18 LK) |
Bank Nifty Support and Resistance
| Support | 43750,43600 |
| Resistance | 44000,44100 |
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