In Stock Market Today, closing with a record run: Nifty at approximately 20,950, Sensex above 69,600.
Stock Market Nifty Chart Prediction.
At the closing bell, the Sensex marked a gain of 357.59 points or 0.52 percent, reaching 69,653.73, while the Nifty saw an increase of 82.60 points or 0.40 percent, closing at 20,937.70. Among the Nifty’s top gainers were Wipro, LTIMindtree, ITC, L&T, and TCS, whereas Adani Enterprises, Eicher Motors, Cipla, NTPC, and UltraTech Cement were among the losers.
Most sectors closed in positive territory, with capital goods, FMCG, Information Technology, oil & gas, and power recording gains of 1-2 percent. On the flip side, the bank and healthcare sectors were down 0.5 percent each.
The BSE midcap and Smallcap indices closed slightly higher.
Prediction For Thursday NIFTY can go up if it goes above 21000 or down after the level of 20800 but all depends upon the Global cues.
The Nifty started well and ended the day up by about 83 points. Bulls seem to be holding onto gains, but the index is now near the 21,000 level, likely posing some resistance. Hourly charts show a negative momentum shift, suggesting a potential slowdown after recent rapid gains. Expect resistance and consolidation, in the range between 21,000-21,060 as a hurdle and 20,800-20,500 as a crucial support zone.
| Highest Call Writing at | 21000 (1.3 Crores) |
| Highest Put Writing at | 20500 (94.6 Lakhs) |
Nifty Support and Resistance
| Support | 20800, 20500 |
| Resistance | 21000, 21200 |
Bank Nifty Daily Chart Prediction
Prediction For Thursday Bank NIFTY can go up if it goes above 46900 or down after the level of 46800 but it all depends upon the Global cues.
Starting positively, Bank Nifty faced profit booking at higher levels, ultimately leading to closing in the negative. Currently, it’s in a consolidation phase expected to span between 46,800 and 47,000 in the coming trading sessions.
| Highest Call Writing at | 46900 (97.9 Lakhs) |
| Highest Put Writing at | 46800 (1.1 Crore) |
Bank Nifty Support and Resistance
| Support | 46800, 46700 |
| Resistance | 46900, 47000 |
Also, check our Article on Spinning Top Candlestick Pattern
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