In Stock market today Nifty is trading around 19,400, the Sensex has gained 267 points, and all sectors are showing positive performance.
Stock Market Nifty Chart Prediction.
The Indian equities commenced the week steadily at 19,350 points, and with robust momentum, the Nifty50 progressively built upon its gains throughout the day, concluding the session at 19,393.60 points, marking an increase of 83.45 points. Notably, the Metal and IT sectors showcased remarkable performance, securing gains of more than 1%, whereas PSU Banks and Media sectors exhibited weaker performance. Analyzing the daily chart, the Nifty50 formed a Morning Star DOJI candlestick pattern, indicative of a bullish trend reversal. Looking ahead, the range between 19,260 and 19,320 is anticipated to serve as a crucial support zone, while overcoming the immediate resistance at 19,470 is essential for the Index to sustain its upward trajectory..
Prediction For Tuesday NIFTY can go up if it goes above 19425 or go down after the level of 19350 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 19400 after giving strong profit booking from its high. If Nifty gives a Gap up opening, it may move to the level of 19500. But all these aspects depend upon the Global cues.
| Highest Call Writing at | 19500 (99 LK) 19400 (1.1 CR) |
| Highest Put Writing at | 19300 ( 1 CR) 19200 (78 LK) |
Nifty Support and Resistance
| Support | 19350,19300 |
| Resistance | 19425,19500 |
Bank Nifty Daily Chart Prediction
Prediction For Tuesday Bank NIFTY can go up if it goes above 44250 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 today bank nifty has closed in green and also closed above its critical level of 44000 which has made bank nifty strong again For Tuesday you can go with the strategy of sell on rise.
| Highest Call Writing at | 46000 (26 LK) 44000 (32 LK) |
| Highest Put Writing at | 44000 (32 LK) 43800(27 LK) |
Bank Nifty Support and Resistance
| Support | 43850,43750 |
| Resistance | 44100,44250 |
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