In Stock market today Nifty is above 19,450, Sensex gains 138 pts; power, realty shine, metals drag
Stock Market Nifty Chart Prediction.
On August 16, the benchmark stock indices experienced a day of fluctuation but ultimately closed on a positive note. The Nifty index closed around 19,450 points.
Here’s a summary of the closing numbers:
- The Sensex, a major stock index in India, gained 137.50 points or 0.21 percent to close at 65,539.42.
- The Nifty, another significant stock index, increased by 30.50 points or 0.16 percent to close at 19,465.
- The overall market sentiment saw 1741 shares advancing, 1763 shares declining, and 132 shares remaining unchanged.
Notable gainers among the Nifty index stocks included UltraTech Cement, Apollo Hospitals, NTPC, Infosys, and Tata Motors. On the other hand, major losers included Tata Steel, Adani Ports, Hindalco Industries, HDFC Life, and Bharti Airtel.
Among the sectoral indices, all sectors except banking and metals closed in positive territory. The sectors that showed gains between 0.5 to 1 percent included auto, power, realty, information technology (IT), pharmaceuticals, and capital goods. This indicates that most sectors apart from banking and metal performed well during the session.
Please note that these figures are based on the given information, and actual market data may vary. Additionally, stock market conditions can change rapidly due to various factors such as economic news, global events, and investor sentiment.
Prediction For Thursday NIFTY can go up if it goes above 19500 or go down after the level of 19400 but all depend upon the Global cues.
There are good chances of flat to slight Gap up opening for Wednesday as NIFTY is above its important level of 19400 after giving strong bounce from its today low. If Nifty gives a Gap down opening, it may move to the level of 19500. But all these aspects depend upon the Global cues.
| Highest Call Writing at | 19500 (85 LK) 19600 (96 LK) |
| Highest Put Writing at | 19400 ( 55 LK) 19300 (90 LK) |
Nifty Support and Resistance
| Support | 19350,19300 |
| Resistance | 19500,19550 |
Bank Nifty Daily Chart Prediction
Prediction For Thursday Bank NIFTY can go up if it goes above 44000 or go down after the level of 43800 but all depend upon the Global cues.
Today, BANK NIFTY was weak as compared to nifty but it gave a sharp recovery from its low. But today also bank nifty has again closed in red but closed near its critical level of 44000 which has made bank nifty weak again For Thursday you can go with the strategy of buy nifty sell bank nifty.
| Highest Call Writing at | 45000 (42 LK) 44500 (42 LK) |
| Highest Put Writing at | 43500 (33 LK) 43800(36 LK) |
Bank Nifty Support and Resistance
| Support | 43900,43800 |
| Resistance | 44000,44100 |
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