In Stock market today market embraced the festival spirit and closed nearly 1% higher.
Stock Market Nifty Chart Prediction.
On November 6, the equity benchmark continued its upward trajectory for the third consecutive session, as the Sensex surged by 594.91 points (0.92%) to conclude at 64,958.69, while the Nifty ended at 19,411.80, marking a gain of 181.20 points (0.94%) after a strong opening, with both indices seeing a late-day surge above 19,400, driven by widespread buying across sectors, except for PSU Banks.
Prediction For Tuesday NIFTY can go up if it goes above 19500 or go down after the level of 19300 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 above level of 19400. 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 19500 or 19300 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 | 19300,19250 |
| Resistance | 19500,19550 |
Bank Nifty Daily Chart Prediction
Prediction For Tuesday Bank NIFTY can go up if it goes above 43800 or go down after the level of 43400 but all depend upon the Global cues.
Today, BANK NIFTY opened gap up in morning but after that it came down tock support near Friday high and then closed at days high. Today bank nifty has closed in green and closed above its critical level of 43600 which has made bank nifty strong again For Tuesday. 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 | 43400,43200 |
| Resistance | 43800,43850 |
Also, check our Article on Spinning Top Candlestick Pattern
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