In Stock market today Sensex declined by 181 points and Nifty’s drop below 19,400 was driven by the drag in the auto, pharma, and metal sectors.
Stock Market Nifty Chart Prediction.
Amidst a volatile trading session on August 24, the benchmark indices concluded with losses, as the Nifty dipped below the 19,400 mark. The Sensex wrapped up the day 180.96 points lower, a decline of 0.28 percent, settling at 65,252.34, while the Nifty witnessed a 0.29 percent drop, shedding 57.30 points to reach 19,386.70. The market saw 1725 advancing shares, 1768 declining shares, and 161 unchanged shares. Notable laggards on the Nifty encompassed Reliance Industries, Grasim Industries, ONGC, Power Grid Corp, and JSW Steel. Conversely, BPCL, Asian Paints, IndusInd Bank, Infosys, and Britannia Industries stood out as gainers. The trading sectors exhibited a downward trend with auto, capital goods, PSU banks, oil & gas, pharma, and metal sectors declining by 0.3-0.7 percent each, while the Information Technology index managed to ascend by 0.5 percent. The BSE midcap and smallcap indices concluded the day on a relatively stable note. Top of Form
Prediction For Friday NIFTY can go up if it goes above 19500 or go down after the level of 19300 but all depends upon the Global cues.
There are good chances of a flat opening for Friday as NIFTY is near its important level of 19400 after giving strong profit booking from its high. If Nifty gives a flat opening, it may move to the level of 19400. But all these aspects depend upon the Global cues.
| Highest Call Writing at | 19,400 (1.7 crores) 19,450 (1.1 crores) |
| Highest Put Writing at | 19,400 (1.4 crores) 19,300 (1.0 crores) |
Nifty Support and Resistance
| Support | 19350,19300 |
| Resistance | 19440,19500 |
Bank Nifty Daily Chart Prediction
Prediction For Friday Bank NIFTY can go up if it goes above 44650 or go down after the level of 44200 but all depend upon the Global cues.
Today, BANK NIFTY was strong as compared to nifty. But today Bank Nifty has again closed in green and closed below its critical level of 44500 which has made Bank Nifty weak again For Friday you can go with the strategy of buying on the dip.
| Highest Call Writing at | 44500 (96.5 Lakhs) |
| Highest Put Writing at | 44500 (51.3 Lakhs) |
Bank Nifty Support and Resistance
| Support | 44400,44200 |
| Resistance | 44750,44900 |
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