In Stock market today Nifty ended at 19,600, Sensex rises 232 pts; M&M, Sun Pharma, Baja Finserv top gainers
Stock Market Nifty Chart Prediction.
Based on the provided information, it seems that the markets had a positive start to the week, gaining nearly half a percent following Friday’s rebound. The Nifty remained range-bound for most of the session, but buying in select heavyweights kept the overall sentiment positive. However, sectoral indices showed a mixed trend, with pharma and IT sectors extending their gains while metal and banking sectors closed subdued.
The recovery in the markets is primarily fueled by the resilience of IT majors and noticeable buying in the pharma sector. Other sectors are experiencing a mixed trend, indicating that the market’s recovery is not uniform across all industries.
On the technical front, the Nifty faces an immediate hurdle at 19,650 points. A decisive break above this level could potentially lead to further upward movement and strengthen the rebound. On the other hand, if the Nifty fails to break this hurdle, profit-taking could resume, causing a downturn in the market.
For traders, it is essential to plan their trades carefully, taking into consideration the current market trends and the resistance level of 19,650 points on the Nifty benchmark. Being cautious and well-informed about the prevailing market conditions is crucial for making informed trading decisions.
Prediction For Tuesday NIFTY can open Flat to Green but all depend upon the Global cues.
There are good chances of flat to slight Gap up opening for Tuesday as NIFTY is near its important level of 19600 after giving strong bounce from its today low. If Nifty gives a Gap down opening, it may move to the level of 19700. But all these aspects depend upon the Global cues.
| Highest Call Writing at | 19600 (69.8 LK) 20000 (79 LK) |
| Highest Put Writing at | 19500 ( 59.6 LK) 19400 (67 LK) |
Nifty Support and Resistance
| Support | 19550,19500 |
| Resistance | 19650,19700 |
Bank Nifty Daily Chart Prediction
Prediction For Tuesday Bank NIFTY can open Flat to Green but all depend upon the Global cues.
Today, BANK NIFTY was weak as compared to nifty it was in range for hole day with more volatility. Today bank nifty has again closed in red below its critical level of 45000 which has made bank nifty weak again For Tuesday you can go with the strategy of buy nifty sell bank nifty.
| Highest Call Writing at | 45000 (51 LK) 47000 (29.9 LK) |
| Highest Put Writing at | 44500 ( 27.7 LK) 43000 ( 23.8 LK ) |
Bank Nifty Support and Resistance
| Support | 44800,44700 |
| Resistance | 45000,45100 |
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