Nifty achieved a new record high, with Sensex gaining 493 points, while auto stocks faced downward pressure.
Stock Market Nifty Chart Prediction.
Indian equity indices kicked off December and the new series robustly, reaching a record high on December 1, propelled by optimism over higher-than-expected GDP data and widespread buying across sectors, except for auto, with Sensex closing up 492.75 points at 67,481.19, and Nifty up 134.70 points at 20,267.90; both indices sustained their winning streak for the fourth consecutive session, surpassing the previous high set on September 15, 2023, and concluding the week with a 2 percent gain each for BSE Sensex and Nifty50.
Prediction For Monday NIFTY can go up if it goes above 20300 or go down after the level of 20200 but all depend upon the Global cue
There are good chances of market going up as today market opened up and after that it went up throughout the day. Today nifty hits all time high. 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 20300 or 20200 But all these aspects depend upon the Global cues.
| Highest Call Writing at | 20300 (87.6 Lakhs) |
| Highest Put Writing at | 20200 (85.0 Lakhs) |
Nifty Support and Resistance
| Support | 20200, 20100 |
| Resistance | 20300, 20400 |
Bank Nifty Daily Chart Prediction
Prediction For Monday Bank NIFTY can go up if it goes above 45000 or go down after the level of 44750 but all depend upon the Global cues.
Today, BANK NIFTY opened gap up in morning but after that it went up and then was in range throughout the day. Today bank nifty has closed in red and closed near its critical level of 44800 which has made bank nifty strong again For Monday. you can go with the strategy of buy on dip.
| Highest Call Writing at | 45000 (39.6 Lakhs) |
| Highest Put Writing at | 44500 (34.1 Lakhs) |
Bank Nifty Support and Resistance
| Support | 44750,44600 |
| Resistance | 45000,45200 |
Also, check our Article on Spinning Top Candlestick Pattern
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