In Stock market today, Nifty crossed the 19,500 mark whereas Bank Nifty ended below 45000
Stock Market Nifty Chart Prediction.
In a volatile trading session, the markets edged higher, maintaining the prevailing consolidation tone. The first half of the session was positive, but the Nifty index faced resistance at the record high level and experienced profit-taking in the latter half. Ultimately, it settled at 19,439.40, registering a gain of 0.43%.
The upward movement was supported by contributions from various sectors, with auto, FMCG (Fast-Moving Consumer Goods), and pharma being the top gainers. These sectors played a significant role in driving the market higher.
Furthermore, the broader indices, such as the BSE midcap and smallcap indices, outperformed the benchmark indices and recorded gains of nearly 1% each. This indicates a positive sentiment across a wider range of stocks.
There are good chances of a slight Gap up to a flat opening Tomorrow
As NIFTY has crossed its crucial Level of 19,500 and closed below the same. If Nifty gives a Gap Up opening, it may touch the All-Time High Record. But all these aspects depend upon the Global cues as well.
Bank Nifty Daily Chart Prediction
Despite the pressure observed in the banking sector, other sectors are making efforts to drive the markets higher. However, the banking sector’s struggles may delay the resumption of a sustained upward trend. Nevertheless, the overall tone is expected to remain positive.
Market participants are closely monitoring the US markets for cues, as their sustained recovery has the potential to initiate the next phase of upward movement in Indian markets. The performance of US markets can have a significant impact on global sentiment.
For tomorrow Bank nifty has the strong support at 44500. You can go with the strategy of long nifty and short bank nifty is bank nifty is weak.
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