Home » Stock Market Prediction for Nifty & Bank Nifty 11th July 2024.

Stock Market Prediction for Nifty & Bank Nifty 11th July 2024.


In the Stock Market Today, Nifty’s uptrend remains intact as long as it stays above 24,200, despite failing to maintain its record high.

Stock Market Nifty Chart Prediction.

The picture is of the Nifty Stock Market chart in the daily time frame, through which it will be used to predict the market on July 11, 2024.

The image displays Intraday version of the Nifty Stock Market chart, used for predicting on July 11, 2024.
Zoomed Nifty Chart in Intraday Time Frame.

On July 10, The Sensex dropped by 0.53% to 79,924.77 points, while the Nifty decreased by 0.45% to 24,324.45 points.

Top Nifty gainers:   GE Power India, Adani Ports, ONGC, and Supreme Industries
Top Nifty Losers: ONGC, HINDALCO, Reliance Industries, Delta Corp and M&M

The Nifty Auto index experienced the largest drop among sectoral indices, decreasing by 2%. It was followed by the Nifty Metal and PSU Bank indices, which fell by 1.6% and 1.4%, respectively. Additionally, the Nifty IT index declined by 1%, and the Nifty Bank index decreased by 0.7%.

The BSE midcap and smallcap indices ended on a positive note.

BSE Smallcap index bearing 0.7% Midcap index slipped by 0.1%.

Stock Prediction for 11th July 2024
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Prediction For Thursday, NIFTY can go up if it goes above 24,600 or down after the level of 24,200 but it all depends upon the Global cues.

The indices experienced profit booking at higher levels, with the Nifty closing 108 points down. Following a sharp selloff in the early morning, it found support around 24,150 and saw some recovery. On the upside, resistance is noted at 24,500-24,600, while support is at 24,200-24,000.

Highest Call Writing at
24,500 (95.5 Lakhs)
Highest Put Writing at
24,200 (60.5 Lakhs)

Nifty Support and Resistance

Support 24,200-24,000
Resistance
24,500- 24,600

Bank Nifty Daily Chart Prediction.

The picture is of the Bank Nifty Stock Market chart in the daily time frame, through which it will be used to predict the market on July 11, 2024.

The image displays Intraday version of the Nifty Bank Stock Market chart, used for predicting on July 11, 2024.
Zoomed Bank Nifty Chart in Intraday Time Frame.

Prediction For Thursday, Bank NIFTY can go up if it goes above 52,700 or down after the level of 52,200 but it all depends upon the Global cues.

The Bank Nifty index continued to face selling pressure from higher levels and struggled to break past the 52,500 mark. Currently, it is trading near a critical support zone of 52,000-51,800. If it manages to maintain this level, a pullback rally towards 52,500 is possible. A sustained move above 52,500 could pave the way for 53,000. However, if it fails to hold the support at 51,800, it could decline further towards the 51,300-51,000 range.

Highest Call Writing at52,700 (1.2 Crore)
Highest Put Writing at52,200 (46.1 Lakhs)

Bank Nifty Support and Resistance

Support 52,200-51,000
Resistance
52,700-53,000

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