In Stock Market Today, Nifty surpasses 21,600, as Sensex gains 272 points driven by strength in IT, metal, and pharmaceutical sectors.
Stock Market Nifty Chart Prediction.
The Indian Market concluded positively for the third straight session on January 10. The Sensex closed higher by 271.50 points, or 0.38%, at 71,657.71, while the Nifty gained 73.90 points, or 0.34%, reaching 21,618.70. Among the top Nifty gainers were Cipla, Reliance Industries, Adani Enterprises, HCL Technologies, and Adani Ports. On the flip side, ONGC, Divis Labs, BPCL, NTPC, and Power Grid Corporation were the top losers. In sectoral performance, Healthcare, Information Technology, and Metal showed gains of 0.4% each, while the Oil and Gas index witnessed a 0.5% decline. BSE Midcap and Smallcap indices closed marginally higher.
Stock Prediction for 11th Jan 2024
| STOCK | Good Above | Weak Below |
| BALKRISIND | 2652 | 2626 |
| BAJFINANCE | 7700 | 7656 |
| TATACOMM | 1725 | 1702 |
| VOLTAS | 1015 | 1000 |
Prediction For Thursday NIFTY can go up if it goes above 21680 or down after the level of 21500 but all depends upon the Global cues.
Nifty experienced another day of volatility with significant fluctuations, but ultimately, the Bulls successfully maintained support, leading to a positive closure with an approximately 80-point gain. Looking ahead, the initial resistance is around 21680 – 21700, while the immediate support is positioned at 21500.
| Highest Call Writing at | 21680 (1.2 Crores) |
| Highest Put Writing at | 21500 ( 1.3 Crores) |
Nifty Support and Resistance
| Support | 21500, 21480 |
| Resistance | 21680, 21700 |
Bank Nifty Daily Chart Prediction
Prediction For Thursday Bank NIFTY can go up if it goes above 47400 or down after the level of 47300 but it all depends upon the Global cues.
Bank Nifty started the day with a gap down opening but showed resilience as it did not witness sustained selling pressure. On the contrary, it attracted buying interest from the support zone of 46900 – 47000, leading to a positive closure. Looking forward, we anticipate the Bank Nifty to maintain its positive momentum. The initial resistance levels are positioned at 47400 – 47500, with the support zone at 47300 – 47200.
| Highest Call Writing at | 47400 (1.1 Crores) |
| Highest Put Writing at | 47300 (1.2 Crores) |
Bank Nifty Support and Resistance
| Support | 47,400, 47,500 |
| Resistance | 47,300, 47,200 |
Also, check our Article on the Understanding of Rising and Falling Wedge Pattern.
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