In Stock Market Today, Nifty hovered around 21,600 and Sensex dropped by -523 points; IT and Pharma sectors showed Gains while PSU Bank Suffered the most.
Stock Market Nifty Chart Prediction.
On February 12, Indian equity indices closed lower, with Nifty hovering around 21,600, amidst widespread selling across sectors except for IT and Pharmaceuticals
Top Losers on the Nifty included Coal India, Hero MotoCorp, BPCL, ONGC, and NTPC, whereas,
Gainers were Dr Reddy’s Laboratories, Apollo Hospitals, Wipro
Sector-wise, FMCG, PSU Bank, Capital Goods
The BSE midcap index fell by -2.6 percent, and the Smallcap index shed -3 percent.
Stock Prediction for 13th February 2024.
| STOCK | Good Above | Weak Below |
| GODREJPROP | 2280 | 2256 |
| MARUTI | 10760 | 10660 |
| METROPOLIS | 1681 | 1650 |
| TVSMOTOR | 2048 | 2025 |
Prediction For Tuesday, NIFTY can go up if it goes above 21800 or down after the level of 21500 but all depends upon the Global cues.
On the daily chart, Nifty broke its trendline and formed a bearish pattern with strong volume, showing weakness. Support levels are at 21,500-21,000, while hurdles are at 21,800 and 21,960. Call side has highest OI at 21,800, followed by 22,000, and put side has highest OI at 21,500.
| Highest Call Writing at | 21,800 (94.7 Lakhs) |
| Highest Put Writing at | 21500 (53.6 Lakhs) |
Nifty Support and Resistance
| Support | 21500, 21,00 |
| Resistance | 21,800, 21,960 |
Bank Nifty Daily Chart Prediction.
Prediction For Tuesday, Bank NIFTY can go up if it goes above 46000 or down after the level of 44000 but it all depends upon the Global cues.
Bank Nifty index saw persistent bearish control, with evident rejection at higher levels. Closing below the short-term support of 45000 signaled bearish sentiment.
Immediate resistance is at 46000, with a breakthrough possibly leading to short-covering towards 47000. Immediate support stands at 44000, and breaking this level could increase selling pressure towards 43000.
| Highest Call Writing at | 46,000 (48.5 Lakhs) |
| Highest Put Writing at | 44,000 (20.5 Lakhs) |
Bank Nifty Support and Resistance
| Support | 44,000, 43,000 |
| Resistance | 46,000, 47,000 |
Also, check our Article on How to Find Top Stocks for Your Portfolio.
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