In today’s stock market, Sensex remains flat, while Nifty stays above 24,600; auto, IT, and FMCG sectors rise, with PSU banks pulling back.
Stock Market Nifty Chart Prediction
On December 11, Sensex was up 16.09 points at 81,526.14, and the Nifty was up 31.75 points at 24,641.80. About 2053 shares advanced, 1772 shares declined, and 109 shares remained unchanged.
Top Nifty gainers: Trent, Bajaj Finance, Britannia Industries, Shriram Finance, Bajaj Finserv
Top Nifty Losers: JSW Steel, Adani Ports, NTPC, SBI, Axis Bank.
Sector-wise, there is buying interest in auto, FMCG, IT, and metal stocks, while the PSU Bank index declines by nearly 1 percent.
BSE Midcap and smallcap indices rose 0.3 percent each.
Stock Prediction for 12th Dec 2024
| STOCK | Good Above | Weak Below |
| BHARATFORG | 1388 | 1370 |
| BPCL | 310 | 305 |
| HAVELLS | 1764 | 1743 |
| MARICO | 638 | 630 |
Prediction for Thursday NIFTY can go up if it goes above 24,800 or down after the level of 24,500, but it all depends upon the Global cues.
Nifty opened positively and traded within a narrow range, closing with a gain of around 32 points. On the daily charts, Nifty has remained confined to a range of 24,500–24,800 for the past four trading sessions. This range-bound movement is likely to persist, with immediate resistance expected between 24,800 and 25,000 and support levels observed in the 24,500 to 24,000 zone.
| Highest Call Writing at | 24,800 (1.5 crore) |
| Highest Put Writing at | 24,500 (1.1 crore) |
Nifty Support and Resistance
| Support | 24,500 to 24,000 |
| Resistance | 24,800 and 25,000 |
Bank Nifty Daily Chart Prediction
Prediction For Thursday, Bank NIFTY can go up if it goes above 53,700 or down after the level of 52,800, but it all depends upon the Global cues.
The Indian market showed modest movements, reflecting mixed sentiments in global markets ahead of the US CPI inflation data release, which could influence the FED’s policy. Resistance was seen around 53,700-54,000, with support at 52,800-52,600, providing a buffer against further declines.
| Highest Call Writing at | 53,700 (24.5 Lakh) |
| Highest Put Writing at | 52,800 (17.7 Lakh) |
Bank Nifty Support and Resistance
| Support | 52,800-52,600 |
| Resistance | 53,700-54,000 |
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