In today’s stock market, Sensex remained flat, while the Nifty dropped below 24,150. Asian Paints & Britannia emerged as the top losers.
Stock Market Nifty Chart Prediction
On November 11, Sensex gained 9.83 points, finishing at 79,496.15, while the Nifty fell by 6.90 points, ending at 24,141.30. Out of the total shares, 1,446 advanced, -2,478 declined, and 116 remained unchanged.
Top Nifty gainers: Power Grid Corp, Trent, Infosys, HCL Tech, Tech Mahindra,
Top Nifty Losers: Asian Paints, Britannia, Apollo Hospitals, Cipla and ONGC.
In terms of sectors, the bank index rose by 0.6%, and the IT index gained 1%. However, sectors such as auto, FMCG, healthcare, metal, oil & gas, and media saw declines ranging from 0.5% to 1%.
The BSE midcap index was down 0.8% and smallcap index shed 1%.
Stock Prediction for 12th Nov 2024.
| STOCK | Good Above | Weak Below |
| BEL | 302 | 297 |
| BIOCON | 352 | 346 |
| HCLTECH | 1871 | 1850 |
| PFC | 484 | 478 |
Prediction for Tuesday NIFTY can go up if it goes above 24,500 or down after the level of 24,000, but it all depends upon the Global cues.
The Nifty experienced significant volatility on Monday, ending the day down by 6 points. It started the session on a negative note and quickly weakened further. However, a sharp recovery occurred during the early to mid-session, with the index bouncing back from the 24,000 mark. Despite this, the market couldn’t hold onto the gains and lost momentum in the afternoon, sliding back into weakness. On the upside, resistance is seen between 24,500 and 25,000, while support lies in the 24,000 to 23,600 range.
| Highest Call Writing at | 24,500 (80.4 Lakh) |
| Highest Put Writing at | 24,000 (61.3 Lakhs) |
Nifty Support and Resistance
| Support | 24,000 to 23,600 |
| Resistance | 24,500 and 25,000 |
Bank Nifty Daily Chart Prediction
Prediction For Tuesday, Bank NIFTY can go up if it goes above 52,400 or down after the level of 51,300, but it all depends upon the Global cues.
The Bank Nifty is currently in a downtrend. If you have short positions, you can maintain them with a daily closing stop-loss set at 52,456. Resistance on the upside is expected between 52,400 and 53,000, while support on the downside is seen in the range of 51,300 to 50,800.
| Highest Call Writing at | 52,400 (44.4 Lakh) |
| Highest Put Writing at | 51,300 (21.4 Lakh) |
Bank Nifty Support and Resistance
| Support | 51,300 to 50,800 |
| Resistance | 52,400 and 53,000 |
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