In Stock market today Nifty dropped below 19,000 points, leading to a 284-point decline in the Sensex, while the pharmaceutical and real estate sectors saw gains.
Stock Market Nifty Chart Prediction.
On November 1, both benchmark indices extended their losses for the second consecutive session, with the Nifty slipping below 19,000 points. The Sensex closed 283.60 points lower at 63,591.33, a 0.44 percent decline, while the Nifty ended down 90.40 points at 18,989.20, a 0.47 percent drop. In terms of sectoral performance, except for healthcare, oil & gas, and realty, all other sectoral indices saw losses, with auto, capital goods, metal, information technology, and power declining by 0.5-1.5 percent. The BSE midcap index fell by 0.4 percent, while the smallcap index closed flat. Top Nifty losers included Adani Enterprises, Coal India, Adani Ports, SBI Life Insurance, and Asian Paints, while gainers were Sun Pharma, BPCL, Hindalco Industries, Bajaj Auto, and Reliance Industries.
Prediction For Thursday NIFTY can go up if it goes above 19075 or go down after the level of 18900 but all depend upon the Global cues.
There are good chances of market going down as today market opened flat and after sometime it started down then after that it tock support near 19000 and closed at days low. 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 18850 or 19200 But all these aspects depend upon the Global cues.
| Highest Call Writing at | 19000 (1.0 crores) |
| Highest Put Writing at | 19100 (82.6 lakhs) |
Nifty Support and Resistance
| Support | 18950,18900 |
| Resistance | 19100,19200 |
Bank Nifty Daily Chart Prediction
Prediction For Tuesday Bank NIFTY can go up if it goes above 42800 or go down after the level of 42500 but all depend upon the Global cues.
Today, BANK NIFTY opened flat in morning but after that there was more in range move it tock support near 42600 and closed in range. Today bank nifty has closed in green and closed above its critical level of 42700 which has made bank nifty strong again For Tuesday. you can go with the strategy of buy on dip.
| Highest Call Writing at | 42800 (49.9 Lakhs) |
| Highest Put Writing at | 42500 (35.7 Lakhs) |
Bank Nifty Support and Resistance
| Support | 42,500 & 42200 |
| Resistance | 42800 & 43000 |
Also, check our Article on Spinning Top Candlestick Pattern
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.
Disclaimer: The information provided in this Blog is for educational purposes only and should not be construed as financial advice. Trading in the stock market involves a significant level of risk and can result in both profits and losses. Spider Software & Team does not guarantee any specific outcome or profit from the use of the information provided in this Blog. It is the sole responsibility of the viewer to evaluate their own financial situation and to make their own decisions regarding any investments or trading strategies based on their individual financial goals, risk tolerance, and investment objectives. Spider Software & Team shall not be liable for any loss or damage, including without limitation any indirect, special, incidental or consequential loss or damage, arising from or in connection with the use of this blog or any information contained herein.
