In Stock market today Nifty hovering around 19,700 and the Sensex gaining 567 points, the realty and metals sectors emerge as the top performers in the market.
Stock Market Nifty Chart Prediction.
Setting aside geopolitical risks, global equities, including the Indian markets, witnessed a significant reversal as the Nifty50 opened strongly at 19,600 and continued to gain throughout the day, closing at 19,689.85 with a robust 177.50-point increase, led by all sectors in the green, particularly Realty and Metal, while Mid and Smallcaps outperformed the Frontline Index, with the daily chart indicating a bullish candle signaling the resurgence of bullish sentiment, and a convincing close above the 19,740-19,780 range would affirm a trend reversal, potentially paving the way for the Index to reach 20,000, with immediate support at 19,575.
Prediction For Wednesday NIFTY can go up if it goes above 19800 or go down after the level of 19600 but all depend upon the Global cues.
There are good chances of market to remain up as today market opened gap up and then it was in uptrend and closed near level of 19700. If it goes beyond any level given above it will give a one side move on any side up or down. Nifty gives flat opening, it may move to the level of 19800 or 19600 But all these aspects depend upon the Global cues.
| Highest Call Writing at | 19800 |
| Highest Put Writing at | 19,600 |
Nifty Support and Resistance
| Support | 19625,19600 |
| Resistance | 19750,19800 |
Bank Nifty Daily Chart Prediction
Prediction For Wednesday Bank NIFTY can go up if it goes above 44500 or go down after the level of 44100 but all depend upon the Global cues.
Today, BANK NIFTY opened gap up in morning but after that there was in range after 12 pm there was uptrend and tock support at 44375. Today bank nifty has closed in green and closed near its critical level of 44400 which has made bank nifty weak again For Wednesday. you can go with the strategy of sell on rise.
| Highest Call Writing at | 44500 |
| Highest Put Writing at | 44000 |
Bank Nifty Support and Resistance
| Support | 44100,44000 |
| Resistance | 44500,44700 |
An Opportunity to Learn Live Trading and Training on Monthly Expiry by Clicking Here
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.
Also, Check out our article on Top of Cryptocurrencies to look for in 2023.
