The market achieves record highs as Sensex gains 1384 points, with Nifty reaching approximately 20,700.
Stock Market Nifty Chart Prediction.
The market’s decisive response, reflected in today’s closing trends, witnessed a substantial Nifty gap-up followed by a Bank Nifty surge, with Nifty closing at 20,686.80, up by an impressive 2.07%, and Bank Nifty reaching 46,430.85, soaring 3.61%; driven by positive sentiment in most sectors, fueled by increased foreign investor inflows, lower US bond yields, robust GDP growth, and optimistic expectations of no further rate hikes, alongside state election outcomes, prompting a strategic approach of buying on dips.
Prediction For Tomorrow NIFTY can go up if it goes above 20800 or go down after the level of 20500 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 20800 or 20500 But all these aspects depend upon the Global cues.
| Highest Call Writing at | 20600 (87.6 Lakhs) |
| Highest Put Writing at | 20500 (85.0 Lakhs) |
Nifty Support and Resistance
| Support | 20600, 20500 |
| Resistance | 20700, 20800 |
Bank Nifty Daily Chart Prediction
Prediction For Tomorrow Bank NIFTY can go up if it goes above 46500 or go down after the level of 46350 but all depend upon the Global cues.
Today, BANK NIFTY opened gap up in morning but after that it went up throughout the day. Today bank nifty also touched all time high after rising 1650 points. Today bank nifty has closed in green and closed near its critical level of 46500 which has made bank nifty strong again For Tomorrow. you can go with the strategy of buy on dip.
| Highest Call Writing at | 46000 (39.6 Lakhs) |
| Highest Put Writing at | 46000 (34.1 Lakhs) |
Bank Nifty Support and Resistance
| Support | 46350,46000 |
| Resistance | 46500,46800 |
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.
