In the Stock Market Today, Sensex and Nifty close flat amidst volatility; realty sector gains while FMCG & PSU banks decline.
Stock Market Nifty Chart Prediction.
On August 12, The Sensex dropped by 56.99 points,to 79,648.92, while the Nifty decreased by 20.50 points, to 24,347.00. Approximately 1,760 shares gained, -1,801 shares fell, and 87 shares remained unchanged.
Top Nifty gainers: Hero MotoCorp, Axis Bank, ONGC, Infosys and JSW Steel
Top Nifty Losers: NTPC, Britannia Industries, Adani Ports, SBI and Dr Reddy’s Labs.
Among the sectors, FMCG, power, PSU banks, and media declined by 0.5-2 percent, while banking, telecom, IT, oil & gas, metal, and realty sectors rose by 0.3-1 percent.
BSE Midcap index ended flat, while smallcap index was up 0.5%
Stock Prediction for 13th August 2024.
| STOCK | Good Above | Weak Below |
| ASHOKLYE | 252 | 248 |
| AUROPHARMA | 1470 | 1455 |
| HDFCBANK | 1665 | 1645 |
| PEL | 992 | 976 |
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.
Nifty experienced a volatile trading session, ending 21 points lower. Following a morning intraday selloff, the market found support near 24,200 and rebounded sharply. However, it failed to close above the 24,400 resistance zone. On the upside, resistance is at 24,500-24,800, while downside support is at 24,200-24,000.
| Highest Call Writing at | 24,500 (1.2 Crore) |
| Highest Put Writing at | 24,200 (52.9 Lakhs) |
Nifty Support and Resistance
| Support | 24,200-24,000 |
| Resistance | 24,500-24,800 |
Bank Nifty Daily Chart Prediction.
Prediction For Tuesday, Bank NIFTY can go up if it goes above 50,700 or down after the level of 50,000 but it all depends upon the Global cues.
Bank Nifty is presently in a negative trend. If you are holding short positions, it is advisable to continue holding with a daily closing stop-loss at 50,819. The resistance level on the upside is at 51,000-51,500, while the downside support level is at 50,000-49,600.
| Highest Call Writing at | 51,000 (23.0 Lakhs) |
| Highest Put Writing at | 50,000 (22.4 Lakhs) |
Bank Nifty Support and Resistance
| Support | 50,000-49,600 |
| Resistance | 51,000– 51,500 |
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