Home » Stock Market Prediction for Nifty & Bank Nifty 09 Nov 2023

Stock Market Prediction for Nifty & Bank Nifty 09 Nov 2023

In Stock market today Sensex and Nifty closed slightly up, with gains in realty, oil & gas, and pharma sectors.

Stock Market Nifty Chart Prediction.

After two consecutive days of rangebound trading, the index closed in the green at 19,443.50 with a gain of 36.80 points, driven by a strong performance in the realty and pharma sectors, while the metal and FMCG sectors also posted gains of 0.75% and 0.62% respectively, but IT and BankNifty lagged. Broader markets saw Midcap stocks surge by 0.99% and Smallcaps by 0.70%, although caution remains due to the recent candles forming near a crucial resistance zone, with a need for a strong bullish candle above 19,500 to boost bullish momentum, while immediate resistance is at 19,500 and support at 19,315.

Prediction For Thursday NIFTY can go up if it goes above 19500 or go down after the level of 19400 but all depend upon the Global cues.

There are good chances of market going up as today market opened flat and after that was in range and closed above level of 19425. 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 at19200 (1.0 crores)
Highest Put Writing at19100 (82.6 lakhs)

Nifty Support and Resistance

Support 19400,19350

Bank Nifty Daily Chart Prediction

Prediction For Thursday Bank NIFTY can go up if it goes above 43800 or go down after the level of 43500 but all depend upon the Global cues.

Today, BANK NIFTY opened flat in morning but after that it goes up tock resistance near 43800 and then closed in range. Today bank nifty has closed in red and closed above its critical level of 43600 which has made bank nifty strong again For Thursday. you can go with the strategy of buy on dip.

Highest Call Writing at43200 (49.9 Lakhs)
Highest Put Writing at42800 (35.7 Lakhs)

Bank Nifty Support and Resistance


Also, check our Article on Spinning Top Candlestick Pattern

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