Stock markets surge to record highs, with Nifty reaching 21,000 and Sensex gaining 300 points, fueled by optimism as RBI maintains interest rates.
Stock Market Nifty Chart Prediction.
The market experienced a mixed session, with Nifty briefly reaching 21,000 but facing profit-taking in heavyweight stocks, yet ultimately settling with marginal gains at 20,969.40; rotational buying in key sectors, particularly IT and banking, fueled the upward trend, while broader indices lagged. Expectations suggest Nifty may find support around 20,700-20,800 in case of a dip, with potential resistance at 21,200, emphasizing the importance of strategic stock selection, particularly in banking and IT, for long trades.
Prediction For Monday NIFTY can go up if it goes above 21000 or go down after the level of 20850 but all depend upon the Global cue
There are good chances of market going up as today market opened up and after that it went down tock support near today low. Then it went up throughout the day. And closed near day high. Today nifty hits all time high. 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 21000 or 20850 But all these aspects depend upon the Global cues.
| Highest Call Writing at | 21000 (1.9 Crores) |
| Highest Put Writing at | 20900 (3.5 Crores) |
Nifty Support and Resistance
| Support | 20850, 20800 |
| Resistance | 21000, 21100 |
Bank Nifty Daily Chart Prediction
Prediction For Monday Bank NIFTY can go up if it goes above 47300 or go down after the level of 47850 but all depend upon the Global cues.
Today, BANK NIFTY opened flat in morning but after that it went up to the level of 47175 after that there was it went down tock support near 46850. Then it went up close near days high. Today bank nifty also touched all time high after rising 425 points. Today bank nifty has closed in green and closed near its critical level of 47300 which has made bank nifty strong again For Monday. you can go with the strategy of buy on dip.
| Highest Call Writing at | 47500 (78.0 Lakhs) |
| Highest Put Writing at | 47000 (1.1 Crore) |
Bank Nifty Support and Resistance
| Support | 46850,46750 |
| Resistance | 47300,47500 |
Also, check our Article on what factors will help the Indian Stock Market reach New Highs.
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