Home » Stock Market Prediction for Nifty & Bank Nifty 14 Aug 2023

Stock Market Prediction for Nifty & Bank Nifty 14 Aug 2023

In Stock market today Nifty closed below 19,450, Sensex down 366 pts; PSU Banks gain

Stock Market Nifty Chart Prediction.

On August 11, the benchmark indices concluded the trading day with consecutive declines, and the Nifty closed below the 19,450 mark. The Sensex finished lower by 365.53 points or 0.56 percent, settling at 65,322.65, while the Nifty experienced a decrease of 114.80 points or 0.59 percent, ending at 19,428.30. Of the shares traded, 1491 advanced, 1988 declined, and 136 remained unchanged.

The Nifty’s top performers included HCL Technologies, Titan Company, Power Grid Corporation, UltraTech Cement, and Reliance Industries, whereas IndusInd Bank, NTPC, SBI Life Insurance, Divis Labs, and UPL were among the prominent losers.

Within different sectors, the PSU Bank index recorded a gain of 1.2 percent, in contrast to the pharma index which saw a decline of 1 percent. Additionally, the bank, auto, FMCG, metal, and oil & gas sectors all experienced a decrease of 0.5 percent each.

Prediction For Monday NIFTY can go up if it goes above 19500 or go down after the level of 19400 but all depend upon the Global cues.

Today nifty opened in yesterday’s range after that it goes in the downward direction just after that it was in a range with high volatility and closed near today’s low. For Monday market can go in any of direction depending on the US market. So just follow the level above.

Highest Call Writing at19500 (85 LK)
19600 (96 LK)
Highest Put Writing at19500 ( 55 LK)
19400 (67 LK)

Nifty Support and Resistance

Support 19400,19450
Resistance19500,19550

Bank Nifty Daily Chart Prediction

Prediction For Friday Bank NIFTY can go up if it goes above 44400 or go down after the level of 44100 but all depend upon the Global cues.

Today, BANK NIFTY was weak as compared to nifty also bank nifty has again closed in red above its critical level of 44500 which has made bank nifty weak again For Monday you can go with the strategy of buy nifty sell bank nifty. But there is US market which will decide the next move of bank nifty.

Highest Call Writing at45000 (28 LK)
44500 (37 LK)
Highest Put Writing at44000 (29 LK)

Bank Nifty Support and Resistance

Support44100,44000
Resistance44300,44400

Top 07 Stocks near 52 week high

StocksCMP
Bharat Electronics Ltd132
CRISIL Ltd3,914
Coforge Ltd5,265
Exide Industries268
Samvardhana Motherson International97.60
Jindal Steel And Power Ltd693
RAYMOND1,963


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