In Stock market today Nifty surpasses 19,400, Sensex rises by 556 points as metal and power sectors exhibit strong performance.
Stock Market Nifty Chart Prediction.
Indian equity markets exhibited volatility in the past week, but recent months have seen strong performance driven by robust macroeconomic factors, earnings, and capital inflows, with mid-cap and small-cap indices outperforming large-cap ones, while both foreign and domestic institutional investors remained net buyers, with year-to-date net foreign institutional investment exceeding USD 16.5 billion.
India’s macroeconomic fundamentals remain resilient, characterized by steady growth, controlled core inflation, and a favorable external sector balance, with 1QFY24 real GDP growth at 7.8%, led by broad-based growth, though investment growth continued to outpace consumption.
Prediction For Monday NIFTY can go up if it goes above 19500 or go down after the level of 19500 but all depend upon the Global cues.
There are good chances of market going in upward direction as today market was up after opening dip it hold its levels and started going up 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 19500 or 19400 levels, influenced by Global cues’ impact.
| Highest Call Writing at | 19,500 (67 LK) |
| Highest Put Writing at | 19,400 (69 LK) |
Nifty Support and Resistance
| Support | 19450,19500 |
| Resistance | 19400,19300 |
Bank Nifty Daily Chart Prediction
Prediction For Friday Bank NIFTY can go up if it goes above 44600 or go down after the level of 43200 but all depend upon the Global cues.
Today, BANK NIFTY opened flat in morning but it came down after that goes below yesterday low after that in afternoon at become strong and closed near it high. Today bank nifty has again closed in green and closed just above its critical level of 44400 which has made bank nifty strong again For Monday you can go with the strategy of buy on the dip.
| Highest Call Writing at | 44500 (44 Lakhs) |
| Highest Put Writing at | 44000 (35 Lakhs) |
Bank Nifty Support and Resistance
| Support | 44200,44000 |
| Resistance | 44600,44700 |
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