In Stock market today Nifty climbs above 19,500 and Sensex rises by 241 points, with gains seen across all sectors.
Stock Market Nifty Chart Prediction.
The market’s initial gains were erased in the opening trade, but a strong showing in Metal stocks helped it recover, with further gains driven by IT and PSU Banks, leading the Nifty50 to close the day at 19,528.80, up 93.50 points, while all sectors except FMCG participated in the rally, extending the broader market’s outperformance, and the daily chart indicates a possible trend reversal with 20&50DMA acting as support at 19,430 and immediate resistance at 19,580.
Prediction For Tuesday NIFTY can go up if it goes above 19580 or go down after the level of 19430 but all depend upon the Global cues.
There are good chances of market going in upward direction as today market was up after opening positive it could not hold its levels and started coming down after it opened in morning. After that it recovered from its low to closed at days high. If it goes beyond any level given above it will give a one side move on any side up or down. Nifty’s opening direction, whether towards 19,600 or 19,400, hinges on global cues, making it subject to external market influences.
| Highest Call Writing at | 19,500 (75 LK) |
| Highest Put Writing at | 19,400 (97 LK) |
Nifty Support and Resistance
| Support | 19430,19400 |
| Resistance | 19580,19600 |
Bank Nifty Daily Chart Prediction
Prediction For Tuesday Bank NIFTY can go up if it goes above 44650 or go down after the level of 44400 but all depend upon the Global cues.
Today, BANK NIFTY opened flat in morning but it came down after at touched the level of 44650 it was in range through out the day. But today bank nifty has again closed in green and closed above its critical level of 44500 which has made bank nifty strong again For Tuesday you can go with the strategy of buy on the dip.
| Highest Call Writing at | 44500 (34 Lakhs) |
| Highest Put Writing at | 44000 (37 Lakhs) |
Bank Nifty Support and Resistance
| Support | 44400,44300 |
| Resistance | 44650,44800 |
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