In Stock market Nifty hovering around 20,000 with Sensex showing gains, while all sectors, except for IT, are in the red.
Stock Market Nifty Chart Prediction.
On September 12, Nifty experienced volatile trading, initially reaching a new all-time high at 20,110.35 but ultimately closing nearly unchanged with a 0.02% or 3.2 point decrease at 19,993.2, marked by high trading volumes due to a broad-based sell-off, with broader market indices falling more sharply, causing the advance-decline ratio to drop significantly to 0.18:1; global markets, including Asian and European, exhibited mixed performance as traders awaited US inflation data and expressed lingering concerns about China’s economy, and while Nifty’s near-term prospects may not see significant declines, broader market indices may require time to stabilize, with Nifty expected to remain within a range of 20,110 to 19,865 in the short term.
Prediction For Thursday NIFTY can go up if it goes above 20100 or go down after the level of 20000 but all depend upon the Global cues.
There are good chances of market going in upward direction as today market was up. It takes support near 19950 and after that it recovered from its low to closed above of 20050. 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 20000 But all these aspects depend upon the Global cues.
| Highest Call Writing at | 20,200 (1.1 CR) |
| Highest Put Writing at | 20,000 (1.2 CR) |
Nifty Support and Resistance
| Support | 20000,19950 |
| Resistance | 20100,20200 |
Bank Nifty Daily Chart Prediction
Prediction For Thursday Bank NIFTY can go up if it goes above 46000 or go down after the level of 45850 but all depend upon the Global cues.
Today, BANK NIFTY opened flat in morning but after that there was upward move in bank nifty. Today bank nifty has again closed in green and closed near its critical level of 46000 which has made bank nifty strong again For Thursday you can go with the strategy of buy on dip.
| Highest Call Writing at | 45900 (43 Lakhs) |
| Highest Put Writing at | 45900 (37 Lakhs) |
Bank Nifty Support and Resistance
| Support | 45850,45500 |
| Resistance | 46000,46250 |
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