In Stock markets today Nifty hovers near 19,550 while the Sensex climbs 405 points, with notable gains in the auto, IT, and capital goods sectors.
Stock Market Nifty Chart Prediction.
The Nifty started the day with a gap up, consolidating throughout and closing with approximately 110 points in gains; it has formed a bullish Morning Star pattern on the daily charts, signaling potential relief rally as the recent correction paused near the 20-week moving average at 19,320, with an expected pullback target of 19,780 to 19,800 coinciding with the 50% Fibonacci retracement level and the 20-day moving average, while 19,460 to 19,480 serves as crucial support, and 19,670 to 19,700 as an immediate hurdle zone.
Similarly, the Bank Nifty also opened with a gap up, consolidated, and exhibited positive divergence and crossover on the hourly momentum indicator, indicating a bullish outlook with an anticipated short-term pullback to 44,800 to 45,000.
Prediction For Friday NIFTY can go up if it goes above 19600 or go down after the level of 19500 but all depend upon the Global cues.
There are good chances of market to remain flat as today market opened gapup and then it was more in range and closed near level of 19550. 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 19600 or 19500 But all these aspects depend upon the Global cues.
| Highest Call Writing at | 19550 (3.6 CR) |
| Highest Put Writing at | 19,550 (2 CR) |
Nifty Support and Resistance
| Support | 19500,19400 |
| Resistance | 19600,19700 |
Bank Nifty Daily Chart Prediction
Prediction For Friday Bank NIFTY can go up if it goes above 44400 or go down after the level of 44100 but all depend upon the Global cues.
Today, BANK NIFTY opened gap up in morning but after that there was slight down and tock support at 44100. And then bank nifty went up. Today bank nifty has closed in green and closed near its critical level of 44200 which has made bank nifty weak again For Friday. you can go with the strategy of sell on rise.
| Highest Call Writing at | 44400 (20 Lakhs) |
| Highest Put Writing at | 44000 (22 Lakhs) |
Bank Nifty Support and Resistance
| Support | 44100,44000 |
| Resistance | 44400,44500 |
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