In Stock market today Sensex continued its 6-day rally, closing 333 points higher, while Nifty maintained above 19,800; notable gains were seen in PFC with a 13% jump and Sobha with an 11% surge.
Stock Market Nifty Chart Prediction.
The Sensex surged by 333.35 points, or 0.50 percent, closing at 66,598.91, while the Nifty gained 93 points, or 0.47 percent, ending at 19,820, as 1978 shares advanced, 1581 shares declined, and 131 shares remained unchanged. Despite weak global cues, the market maintained its winning streak for the sixth consecutive session on September 8, with gains in sectors excluding healthcare, and both the Sensex and Nifty rose nearly 2 percent for the week, approaching their two-month highs. Major Nifty gainers included Coal India, NTPC, BPCL, Tata Motors, and Larsen and Toubro, while UPL, Eicher Motors, Apollo Hospitals, ITC, and UltraTech Cement were among the losers.
Prediction For Monday NIFTY can go up if it goes above 19875 or go down after the level of 19800 but all depend upon the Global cues.
There are good chances of market going in upward direction as today market was up after opening green it could not hold its levels and started coming down. It takes support near 19725 and after that it recovered from its low to closed above level of 19800. Nifty exceeding these levels may trigger a unilateral move, either upward or downward, depending on market dynamics. Nifty opens flat, potential range 19,900 to 19,800, contingent on global cues..
| Highest Call Writing at | 19,800 (65 LK) |
| Highest Put Writing at | 19,700 (67 LK) |
Nifty Support and Resistance
| Support | 19800,19725 |
| Resistance | 19875,19900 |
Bank Nifty Daily Chart Prediction
Prediction For Monday Bank NIFTY can go up if it goes above 45400 or go down after the level of 45000 but all depend upon the Global cues.
Today, BANK NIFTY opened flat in morning but it was in range in morning after that there was upside move in bank nifty led by HDFC Bank and bank nifty brock it range of 45000. Today bank nifty has again closed in green and closed above its critical level of 45000 which has made bank nifty strong again For Monday you can go with the strategy of buy on the dip.
| Highest Call Writing at | 45500 (32 Lakhs) |
| Highest Put Writing at | 44500 (30 Lakhs) |
Bank Nifty Support and Resistance
| Support | 45100,45000 |
| Resistance | 45400,45500 |
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