In Stock market today Nifty at 19,800 and Sensex gaining 380 points, the overall market is performing positively, with all sectors showing gains except for the PSU banking sector.
Stock Market Nifty Chart Prediction.
On October 11, benchmark indices recorded their second consecutive session of gains, with the Nifty surpassing 19,800, driven by broad-based buying in various sectors, except for the PSU Bank sector. At the close, the Sensex climbed 393.69 points (0.60 percent) to reach 66,473.05, while the Nifty rose by 121.50 points (0.62 percent) to reach 19,811.30. Among Nifty’s top gainers were Hero MotoCorp, Wipro, Grasim Industries, UltraTech Cement, and Dr. Reddy’s Laboratories, while HCL Technologies, Adani Ports, SBI, Coal India, and TCS were among the losers. All sectoral indices, except for PSU Banks, ended in the green, with the auto, FMCG, metal, pharma, power, oil & gas, and realty sectors showing gains of 0.5-1 percent. Additionally, the BSE midcap index increased by 0.5 percent, and the smallcap index saw a gain of 0.7 percent.
Prediction For Thursday NIFTY can go up if it goes above 19860 or go down after the level of 19750 but all depend upon the Global cues.
There are good chances of market to remain up as today market opened gapup and then it was in range and closed near level of 19800. 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 19850 or 19750 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 | 19750,19700 |
| Resistance | 19860,19900 |
Bank Nifty Daily Chart Prediction
Prediction For Thursday Bank NIFTY can go up if it goes above 44700 or go down after the level of 44400 but all depend upon the Global cues.
Today, BANK NIFTY opened gap up in morning but after that there was in range after that there was downtrend and tock support at 44400. Today bank nifty has closed in green and closed near its critical level of 44500 which has made bank nifty strong again For Thursday. you can go with the strategy of buy on dip.
| Highest Call Writing at | 44500 |
| Highest Put Writing at | 44000 |
Bank Nifty Support and Resistance
| Support | 44400,44250 |
| Resistance | 44700,44800 |
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