In Stock market today Stocks fluctuated today as the Nifty hovered around 19,400, with a 143-point dip in the Sensex; FMCG and IT sectors faced setbacks, while autos experienced gains.
Stock Market Nifty Chart Prediction.
It sounds like the market is experiencing some resistance around the 19,450 level, and the Index is having a bit of a tough time breaking through. The Realty sector seems to be on a winning streak, reaching new highs, while frontline Auto stocks are doing well. On the other hand, FMCG is not having the best time, and the IT sector is lagging behind.
To keep the uptrend going, it looks like a solid close above 19,450 is crucial. Meanwhile, the Index has a support level at 19,330. Let’s see if the market can gather enough momentum to overcome that resistance and keep the positive trend alive!
Prediction For Friday NIFTY can go up if it goes above 19500 or go down after the level of 19350 but all depend upon the Global cues.
There are good chances of market going down as today market opened flat and after that was in range and closed near 19400. 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 at | 19200 (1.0 crores) |
| Highest Put Writing at | 19100 (82.6 lakhs) |
Nifty Support and Resistance
| Support | 19350,19300 |
| Resistance | 19475,19500 |
Bank Nifty Daily Chart Prediction
Prediction For Friday 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 43875 and then closed in range. Today bank nifty has closed in flat and closed near its critical level of 43700 which has made bank nifty strong again For Friday. you can go with the strategy of buy on dip.
| Highest Call Writing at | 43200 (49.9 Lakhs) |
| Highest Put Writing at | 42800 (35.7 Lakhs) |
Bank Nifty Support and Resistance
| Support | 43500,43400 |
| Resistance | 43800,43875 |
Also, check our Article on Spinning Top Candlestick Pattern
If you’d like to know how we analyze the market and provide accurate levels every day. then click on the Free Demo button below and change your trading life for good. 5X returns are possible in options trading If you have Spider Software in your trading system.
Disclaimer: The information provided in this Blog is for educational purposes only and should not be construed as financial advice. Trading in the stock market involves a significant level of risk and can result in both profits and losses. Spider Software & Team does not guarantee any specific outcome or profit from the use of the information provided in this Blog. It is the sole responsibility of the viewer to evaluate their own financial situation and to make their own decisions regarding any investments or trading strategies based on their individual financial goals, risk tolerance, and investment objectives. Spider Software & Team shall not be liable for any loss or damage, including without limitation any indirect, special, incidental or consequential loss or damage, arising from or in connection with the use of this blog or any information contained herein.
