Today’s Stock Market, Nifty is currently at about 21,550, and the Sensex is up and down; banks are affecting the overall performance.
Stock Market Nifty Chart Prediction.
On January 9, the stock market showed volatility, but the benchmark indices closed higher for the second day. Nifty hovered around 21,550. The Sensex concluded at 71,386.21, up by 0.04 percent, and Nifty closed at 21,544.80, rising by 0.15 percent. Top gainers included Hero MotoCorp, Adani Ports, SBI Life Insurance, Apollo Hospitals, and Adani Enterprises, while Nestle India, Britannia Industries, Asian Paints, Bajaj Finserv, and HDFC Bank were among the losers. In sector-wise performance, the auto, healthcare, capital goods, metal, power, and realty sectors saw gains, while the bank and FMCG sectors experienced a decline. The BSE Midcap index remained steady, and the Smallcap index went up by 0.3 percent.
Stock Prediction for 10th Jan 2024
| STOCK | Good Above | Weak Below |
| CONCOR | 892 | 878 |
| COALINDIA | 388 | 384 |
| GLENMARK | 892 | 878 |
| TATACHEM | 1114 | 1098 |
Prediction For Wednesday NIFTY can go up if it goes above 21700 or down after the level of 21500 but all depends upon the Global cues.
Nifty followed strong global trends today, opening higher at 21,650. Despite initial gains, a sharp drop in banking stocks led to a decline, closing at 21,544.85 with a 31.85-point increase. The possibility of further upward movement to 21,800 exists if it breaks the 21,700 resistance, while 21,500 is a crucial support level.
| Highest Call Writing at | 21700 (1.0 Crores) |
| Highest Put Writing at | 21500 ( 57.4 Lakhs) |
Nifty Support and Resistance
| Support | 21500, 21400 |
| Resistance | 21700, 21800 |
Bank Nifty Daily Chart Prediction
Prediction For Wednesday Bank NIFTY can go up if it goes above 48000 or down after the level of 47000 but it all depends upon the Global cues.
Bears continued to control the Bank Nifty index, with increased selling pressure at higher levels. The index is encountering a robust resistance around the 48,000 mark, marked by a significant increase in open interest for call options, if breaks then can go up to 48150. The immediate support for the index is at 47,000-46,900 levels. If this support area is breached, it could trigger strong selling, potentially causing more downward movement.
| Highest Call Writing at | 48000 (54.4 Lakhs) |
| Highest Put Writing at | 47000 (28.8 Lakhs) |
Bank Nifty Support and Resistance
| Support | 47,000, 46,900 |
| Resistance | 48,000, 48,150 |
Also, check our Article on the most common Indicators used in Swing Trading.
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