Nifty reaches the 21,000 mark, while Sensex attains the 70,000 milestone in a session marked by volatility.
Stock Market Nifty Chart Prediction.
In Stock Market Today, benchmark indices concluded higher in a session marked by volatility on December 11, with Nifty hovering around 21,000.
At the closing bell, the Sensex recorded a gain of 102.93 points or 0.15 percent, reaching 69,928.53, while the Nifty saw an increase of 27.70 points or 0.13 percent, closing at 20,997.10. The market witnessed 2211 advancing shares, 1358 declining shares, and 174 unchanged shares.
Top performers on the Nifty included UPL, UltraTech Cement, Bajaj Auto, Adani Enterprises, and LTIMindtree, while Dr Reddy’s Laboratories, Cipla, Axis Bank, BPCL, and M&M were among the losers.
In various sectors, PSU Bank, FMCG, capital goods, power, metal, and realty saw gains of 0.5-1 percent, while the pharma index experienced a 0.4 percent decline.
The BSE midcap index increased by 1 percent, and the smallcap index added 0.7 percent.
Prediction For Tuesday NIFTY can go up if it goes above 21000 or down after the level of 20900 but all depends upon the Global cues.
Nifty started flat, gained about 20 points, and closed near 21,000. It might face resistance at this level, but overall, the trend is positive. The upward movement is expected to be steady, given the rapid increase last week. Short-term elevation is likely due to sector changes and individual stock movements. There might be a chance of buying at a dip if it goes to the range of 20,900 – 20,800, which can be the support level for tomorrow.
| Highest Call Writing at | 21000 (90.3 Lakhs) |
| Highest Put Writing at | 20900 (79.1 Lakhs) |
Nifty Support and Resistance
| Support | 20900, 20800 |
| Resistance | 21000, 21100 |
Bank Nifty Daily Chart Prediction
Prediction For Tuesday Bank NIFTY can go up if it goes above 47500 or down after the level of 47000 but it all depends upon the Global cues.
Bank Nifty met resistance at higher levels but stayed positive, supported by a strong base at 47,000-46,900. The current strategy is to see if there’s an opportunity for buys on the dip, taking advantage of declines towards the support at 47,000. A significant breakthrough above 47,500 could lead to more gains towards 48000.
| Highest Call Writing at | 47500 (40.0 Lakhs) |
| Highest Put Writing at | 47000 (30.8 Lakhs) |
Bank Nifty Support and Resistance
| Support | 47000, 46900 |
| Resistance | 47500, 48000 |
Also, check our Article on the most common Indicators used in Swing Trading.
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