In Stock Market India, Nifty is closed at 21,700, while the Sensex has gained 179 points. Notably, the IT and capital goods sectors are experiencing a rally.
Stock Market Nifty Chart Prediction.
Nifty closed at 21,700, with the Sensex gaining 179 points. Notably, there was a rally in the IT and capital goods sectors. Top gainers on the Nifty included Adani Ports, L&T, TCS, SBI Life Insurance, and LTIMindtree, while losers included Nestle India, Britannia Industries, UPL, JSW Steel, and Kotak Mahindra Bank. The Sensex closed at 72,026.15, up 178.58 points, and the Nifty closed at 21,710.80, up 52.20 points. The Information Technology and Capital Goods indices rose 1 percent each, while the pharma and PSU Bank indices were down 0.3 percent each. The BSE midcap index remained flat, while the smallcap index added 0.6 percent.
Stock Prediction for 08th Jan 2023
| STOCK | Good Above | Weak Below |
| HINDPETRO | 425 | 420 |
| HINDUNILVR | 2626 | 2601 |
| ICICIBANK | 995 | 985 |
| PERSISTENT | 7353 | 7300 |
Prediction For Monday NIFTY can go up if it goes above 22000 or down after the level of 21500 but all depends upon the Global cues.
Nifty opened higher but faced intraday correction, holding key levels around 21630 – 21650. It bounced back to close with gains. Future outlook: Nifty may trade between 21500 – 22000, and a clear break will determine the trend. Its major resistance is at 20000 – 22500 and support at 21500 – 21000, but depending on the Global Circumstances.
| Highest Call Writing at | 22000 (64.4 Lakhs) |
| Highest Put Writing at | 21500 (54.3 Lakhs) |
Nifty Support and Resistance
| Support | 21500, 21000 |
| Resistance | 22000, 22500 |
Bank Nifty Daily Chart Prediction
Prediction For Monday BANK NIFTY can go up if it goes above 48500 or down after the level of 47750 but it all depends upon the Global cues.
Bank Nifty underwent a volatile day, consolidating in the wide range of 47480 – 48640. Throughout this phase, it maintained support at 47750. Upon completion of this range-bound activity, the next upward move is anticipated. The resistance target is at 48500 – 49000. Crucial support is at 47750.
| Highest Call Writing at | 48500 (27.2 Lakhs) |
| Highest Put Writing at | 47750 (24.2 Lakhs) |
Bank Nifty Support and Resistance
| Support | 48,000, 47,750 |
| Resistance | 48,500, 49,000 |
Also, check our Article on the most common Indicators used in Swing Trading.
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