In Stock market Nifty closed near 20,000 with Sensex showing gains, while midcap and smallcap stocks experienced their sharpest decline.
Stock Market Nifty Chart Prediction.
On September 12, despite selling across various sectors except for Information Technology, benchmark indices closed with minimal changes in a highly volatile session; the Sensex gained 94.05 points or 0.14 percent, reaching 67,221.13, while the Nifty decreased by 3.10 points or 0.02 percent, ending at 19,993.20, following a gap-up opening, the market encountered increased volatility as the Nifty fluctuated around the 20,000 level; top Nifty gainers included TCS, L&T, Infosys, Divis Labs, and UltraTech Cement, while BPCL, Power Grid Corp, NTPC, Adani Enterprises, and Coal India were among the leading losers, and apart from Information Technology, all other sectoral indices ended in the negative territory, with auto, capital goods, power, oil & gas, metal, and realty each witnessing declines of 1-3 percent.
Prediction For Wednesday NIFTY can go up if it goes above 20100 or go down after the level of 19950 but all depend upon the Global cues.
There are good chances of market going in upward direction as today market was range bound. It takes support near 19950 and after that it recovered from its low to closed near level of 20000. Today nifty hit new all time high. 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 20100 or 19900 But all these aspects depend upon the Global cues.
| Highest Call Writing at | 20,000 (97 LK) |
| Highest Put Writing at | 19,900 (83 LK) |
Nifty Support and Resistance
| Support | 19950,19900 |
| Resistance | 20100,20200 |
Bank Nifty Daily Chart Prediction
Prediction For Wednesday Bank NIFTY can go up if it goes above 45650 or go down after the level of 45400 but all depend upon the Global cues.
Today, BANK NIFTY opened gap up in morning but after that there was in range bound. Today bank nifty has again closed in red and closed above its critical level of 45500 which has made bank nifty strong again For Wednesday you can go with the strategy of buy on dip.
| Highest Call Writing at | 45500 (43 Lakhs) |
| Highest Put Writing at | 45000 (37 Lakhs) |
Bank Nifty Support and Resistance
| Support | 45450,45250 |
| Resistance | 45650,45800 |
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