In Stock market today Nifty surpasses 19,600 while Sensex rises by 100 points, with gains in the oil & gas, FMCG, and pharmaceutical sectors.
Stock Market Nifty Chart Prediction.
Despite a turbulent day, late-session selective buying drove benchmark indices to a fourth consecutive gain, though lingering global uncertainty, sparked by rising US bond yields and the dollar index, has dented investor confidence and prompted foreign investors to offload local shares; technically, Nifty found support near 19500 and displayed a promising intraday reversal pattern, hinting at the possibility of a further uptrend, with 19550 as a pivotal level determining the trend direction, above which the index could surge towards 19650-19700, while below 19550, fresh selling pressure might emerge, potentially pushing the index down to 19500-19460.
Prediction For Thursday NIFTY can go up if it goes above 19650 or go down after the level of 19550 but all depend upon the Global cues.
There are good chances of market going in upward direction as today market was up after opening flat it could not hold its levels and started coming down. It takes support near 44200 and after that it recovered from its low to closed near days high. Bank nifty beyond any level given above it will give a one side move on any side up or down. Nifty’s direction, whether to 19700 or 19500, hinges on global cues, with its opening stance likely influencing the path.
| Highest Call Writing at | 19,600 (1.1 CR) |
| Highest Put Writing at | 19,500 (1.4 CR) |
Nifty Support and Resistance
| Support | 19525,19500 |
| Resistance | 19650,19700 |
Bank Nifty Daily Chart Prediction
Prediction For Thursday Bank NIFTY can go up if it goes above 44650 or go down after the level of 44200 but all depend upon the Global cues.
Today, BANK NIFTY opened flat in morning but it came down below the level of 44400 where it brock its range but after 3 pm there was recovery in bank nifty led by HDFC Bank and bank nifty again closed in range above 44400. Today bank nifty has again closed in red and closed above its critical level of 44400 which has made bank nifty strong again For Thursday you can go with the strategy of buy on the dip.
| Highest Call Writing at | 44400 (70 Lakhs) |
| Highest Put Writing at | 44400 (77 Lakhs) |
Bank Nifty Support and Resistance
| Support | 44200,44000 |
| Resistance | 44500,44650 |
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