In Stock market today Sensex and Nifty conclude the session with marginal changes; realty sector records gains while banks weigh down the indices.
Stock Market Nifty Chart Prediction.
In a market characterized by high volatility, the benchmark indices concluded with little change on August 30.
Tata Steel, Maruti Suzuki, M&M, Eicher Motors, and Infosys stood as top gainers on the Nifty, whereas Power Grid Corporation, SBI, BPCL, Dr. Reddy’s Laboratories, and Hero MotoCorp faced the most significant losses.
Sector-wise, the realty index surged by 1 percent, while auto, FMCG, information technology, and metal all experienced a 0.5 percent increase. Conversely, power, oil & gas, and banking sectors each declined by 0.5 percent.
The BSE midcap and smallcap indices both exhibited gains of 0.5-0.8 percent.
Prediction For Thursday NIFTY can go up if it goes above 19400 or go down after the level of 19300 but all depend upon the Global cues.
There are good chances of market going in any one direction as today market was in range after opening but it come down after 2 pm to fill the gap after it opened gap up in morning if it goes beyond any level given above it will give a one side move on any side up or down. If Nifty gives flat opening, it may move to the level of 19400 or 19300 But all these aspects depend upon the Global cues.
| Highest Call Writing at | 19,400 (1.6 crores) 19,500 (1.6 crores) |
| Highest Put Writing at | 19,300 (1.3 CR) 19,200 (1.6 CR) |
Nifty Support and Resistance
| Support | 19300,19250 |
| Resistance | 19400,19500 |
Bank Nifty Daily Chart Prediction
Prediction For Thursday Bank NIFTY can go up if it goes above 44400 or go down after the level of 44000 but all depend upon the Global cues.
Today, BANK NIFTY was in range bound in morning but it came down in afternoon it was more weak. But today also bank nifty has again closed in red and closed just above its critical level of 44200 which has made bank nifty weak again For Thursday you can go with the strategy of buy on the dip.
| Highest Call Writing at | 44500 (56 Lakhs) |
| Highest Put Writing at | 44000 (47 Lakhs) |
Bank Nifty Support and Resistance
| Support | 44200,44400 |
| Resistance | 44400,44500 |
If you’d like to know how we analyze the market and provide accurate levels every day. then click on the Free Demo button below and change your trading life for good. 5X returns are possible in options trading If you have Spider Software in your trading system.
Also, Check out our article on Top of Cryptocurrencies to look for in 2023.
