In Stock market today market’s upward momentum is driven by favorable global indicators and strong Q2 earnings reports.
Stock Market Nifty Chart Prediction.
On November 3, the equity benchmark continued its two-day winning streak, with the Sensex closing at 64,363.78, up 282.88 points or 0.44 percent, and the Nifty at 19,230.60, up 97.30 points or 0.51 percent, buoyed by positive global cues, strong Q2 earnings, and widespread buying across sectors, resulting in both the Sensex and Nifty gaining almost one percent for the week and breaking a two-week losing streak.
Prediction For Monday NIFTY can go up if it goes above 19275 or go down after the level of 19200 but all depend upon the Global cues.
There are good chances of market going up as today market opened gap up and after that was in range and closed near level of 19225. If it goes beyond any level given above it will give a one side move on any side up or down. Nifty gives flat opening, it may move to the level of 19275 or 19200 But all these aspects depend upon the Global cues.
| Highest Call Writing at | 19200 (1.0 crores) |
| Highest Put Writing at | 19100 (82.6 lakhs) |
Nifty Support and Resistance
| Support | 19200,19175 |
| Resistance | 19275,19300 |
Bank Nifty Daily Chart Prediction
Prediction For Monday Bank NIFTY can go up if it goes above 43500 or go down after the level of 43200 but all depend upon the Global cues.
Today, BANK NIFTY opened gap up in morning but after that it made high of 43415 then there was in range. Today bank nifty has closed in green and closed above its critical level of 43300 which has made bank nifty strong again For Monday. you can go with the strategy of buy on dip.
| Highest Call Writing at | 43200 (49.9 Lakhs) |
| Highest Put Writing at | 42800 (35.7 Lakhs) |
Bank Nifty Support and Resistance
| Support | 43200,43000 |
| Resistance | 43500,43800 |
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.
