In Stock market today Nifty surged above 19,550 while Sensex records a 170-point gain, driven by a robust rally in the realty and pharmaceutical sectors.
Stock Market Nifty Chart Prediction.
Despite the substantial price surges in the past six months, our optimism for both the Nifty Midcap index, which has crossed the psychological 40,000 mark with a remarkable 35% gain, and the smallcap index, which has soared past 12,000, capturing a significant 40% gain since March 2023, remains high. This enduring positivity stems from the growing risk appetite among investors, underpinned by improving economic conditions and domestic developments.
Prediction For Wednesday NIFTY can go up if it goes above 19580 or go down after the level of 19500 but all depend upon the Global cues.
Despite a flat opening, the market showed upward potential today, briefly gaining ground before retracting, suggesting a likelihood of upward movement. After that it recovered from its low to closed near days high. If it goes beyond any level given above it will give a one side move on any side up or down. Nifty gives flat opening, it may move to the level of 19600 or 19500 But all these aspects depend upon the Global cues.
| Highest Call Writing at | 19,600 (98 LK) |
| Highest Put Writing at | 19,500 (97 LK) |
Nifty Support and Resistance
| Support | 19525,19500 |
| Resistance | 19580,19600 |
Bank Nifty Daily Chart Prediction
Prediction For Wednesday Bank NIFTY can go up if it goes above 44650 or go down after the level of 44400 but all depend upon the Global cues.
Today, BANK NIFTY opened flat in morning but it came down after at touched the level of 44650 it was in range through out the day. But today bank nifty has again closed in red and closed above its critical level of 44500 which has made bank nifty strong again For Wednesday you can go with the strategy of buy on the dip.
| Highest Call Writing at | 44500 (41 Lakhs) |
| Highest Put Writing at | 44500 (43 Lakhs) |
Bank Nifty Support and Resistance
| Support | 44400,44300 |
| Resistance | 44650,44800 |
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