In the Stock Market Today, Nifty falls below 24,150, and the Sensex drops 693 points as the market reacts to mixed macroeconomic data.
Stock Market Nifty Chart Prediction.
On August 14, The Sensex decreased by 692.89 points, to 78,956.03, while the Nifty fell by 208 points, to 24,139. Approximately 1,103 shares advanced, -2,322 shares declined, and 74 shares remained unchanged.
Top Nifty gainers: Titan Company, Apollo Hospitals, Dr Reddy’s Labs, Tata Consumer, HCL Tech
Top Nifty Losers: Shriram Finance, BPCL, HDFC Life, HDFC Bank and Bajaj Finance.
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 and Smallcap indices lost 1% each.
Stock Prediction for 14th August 2024.
| STOCK | Good Above | Weak Below |
| BERGEPAINT | 536 | 530 |
| CROMPTON | 436 | 431 |
| HCLTECH | 1600 | 1580 |
| MARICO | 663 | 656 |
Prediction For Wednesday, 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 closed near the day’s low at 24,140.70 after gradually declining from a flat start, as markets continued their downward trend, losing nearly one percent during the ongoing correction phase. On the upside, resistance levels are at 24,500-25,000, while downside support levels are at 24,000-23,600.
| Highest Call Writing at | 24,500 (95.3 Lakhs) |
| Highest Put Writing at | 24,000 (52.1 Lakhs) |
Nifty Support and Resistance
| Support | 24,000-23,600 |
| Resistance | 24,500-25,000 |
Bank Nifty Daily Chart Prediction.
Prediction For Wednesday, Bank NIFTY can go up if it goes above 50,500 or down after the level of 49,800 but it all depends upon the Global cues.
Bank Nifty is presently in a negative trend. If you have short positions, it is advisable to maintain them with a daily closing stop-loss set at 50,819. Resistance on the upside is between 50,500 and 51,000, while downside support is found between 49,800 and 49,000.
| Highest Call Writing at | 50,500 (41.4 Lakhs) |
| Highest Put Writing at | 49,800 (24.6 Lakhs) |
Bank Nifty Support and Resistance
| Support | 49,800-49,000 |
| Resistance | 50,500– 51,000 |
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