In Stock Market Today, Nifty is close to 21,927, with Sensex climbing +228 points. Nifty Bank sees a +0.68% rise.
Stock Market Nifty Chart Prediction.
Indian benchmark indices extended their upward trend on February 15, marking the third consecutive session of gains. The Nifty closed above 21,900, while the Sensex rose by 227.55 points to 72,050.38. During the trading session, around 2172 stocks advanced, 1200 declined, and 72 remained unchanged.
M&M, BPCL, ONGC, NTPC and Power Grid Corporation led the Nifty’s gainers, while Axis Bank, Apollo Hospitals, ITC, HUL and Nestle India. were among the top losers.
BSE Midcap and Smallcap indices added 1 percent each. respectively.
Stock Prediction for 16th February 2024.
| STOCK | Good Above | Weak Below |
| AARTI IND | 686 | 676 |
| IRCTC | 956 | 946 |
| BHEL | 230 | 225 |
| MGL | 1521 | 1501 |
Prediction For Thursday, NIFTY can go up if it goes above 21900 or down after the level of 21900 but all depends upon the Global cues.
The Nifty opened higher and maintained a positive trend throughout the day, closing with a gain of around 71 points. Analysis of daily charts indicates sustained gains despite minor dips, with buying interest evident. The momentum indicator signals a buy opportunity, supporting further upward movement. Immediate resistance is seen around 21,900 – 21,950, while the support zone has shifted to 21,900 – 21,850, Additionally, 21,900 will act as a breakeven point.
| Highest Call Writing at | 21,900 (1.5 Crore) |
| Highest Put Writing at | 21,900 (2.1 Crore) |
Nifty Support and Resistance
| Support | 21,900, 21,850 |
| Resistance | 21,900, 21,950 |
Bank Nifty Daily Chart Prediction.
Prediction For Thursday, Bank NIFTY can go up if it goes above 47000 or down after the level of 45000 but it all depends upon the Global cues.
The bullish momentum in the Bank Nifty persisted as the index concluded above the 46,000 level. The index faces immediate resistance within the 46,600-46,800 range, and a breakthrough at this level could open doors for further gains towards 48,000. On the downside, support now lies at 45,800, playing a vital role in supporting the bullish stance in the current situation.
| Highest Call Writing at | 47,000 (17.2 Lakhs) |
| Highest Put Writing at | 45,000 (20.9 Lakhs) |
Bank Nifty Support and Resistance
| Support | 45,000, 44,000 |
| Resistance | 47,000, 49,000 |
Also, check our Article on How to Find Top Stocks for Your Portfolio.
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