In Stock market today Nifty hovers around 19,250 as the Sensex drops 256 points due to a drag from FMCG, oil & gas, and PSU bank sectors.
Stock Market Nifty Chart Prediction.
On August’s F&O expiry day, the benchmark indices halted a three-day winning streak, closing lower with the Nifty around 19,250; the Sensex ended down 255.84 points or 0.39 percent at 64,831.41, and the Nifty was down 93.70 points or 0.48 percent at 19,253.80. Among Nifty constituents, Adani Enterprises, BPCL, Adani Ports, Eicher Motors, and Britannia Industries were the major losers, whereas Maruti Suzuki, Cipla, HDFC Life, Titan Company, and Hindalco Industries were gainers; the market saw a mixed trend across sectors, with oil & gas, power, FMCG, and banks declining by 0.5-1.3 percent, while realty, metal, capital goods, and information technology gained by 0.2-0.7 percent; the BSE midcap index remained flat, and the smallcap index gained 0.8 percent.
Prediction For Friday NIFTY can go up if it goes above 19320 or go down after the level of 19200 but all depend upon the Global cues.
There are good chances of market going in downward direction as today market was down after opening positive it could not hold its levels and started coming down after it opened in morning if it goes beyond any level given above it will give a one side move on any side up or down. Nifty’s flat start could lead to 19320 or 19200 levels, influenced by Global cues’ impact.
| Highest Call Writing at | 19,250 (1.2 crores) |
| Highest Put Writing at | 19,200 (1.2 crores) |
Nifty Support and Resistance
| Support | 19320,19400 |
| Resistance | 19200,19000 |
Bank Nifty Daily Chart Prediction
Prediction For Friday Bank NIFTY can go up if it goes above 44100 or go down after the level of 43900 but all depend upon the Global cues.
Today, BANK NIFTY opened flat in morning but it came down after at touched the level of 44400 in afternoon it was more weak. But today also bank nifty has again closed in red and closed just below its critical level of 44000 which has made bank nifty weak again For Friday you can go with the strategy of sell on the rise.
| Highest Call Writing at | 43900 (85 Lakhs) |
| Highest Put Writing at | 44000 (41 Lakhs) |
Bank Nifty Support and Resistance
| Support | 43900,43800 |
| Resistance | 44100,44400 |
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