Home » Stock Market Prediction for Nifty & Bank Nifty 14th June 2024.

Stock Market Prediction for Nifty & Bank Nifty 14th June 2024.

Stock Market Prediction for Nifty & Bank Nifty 14th June 2024.

In the Stock Market Today, Nifty 50 reached an intraday high of 23,481, while Sensex climbed to a record high of 77,145.

Stock Market Nifty Chart Prediction.

Zoomed Nifty Chart in Intraday Time Frame.

On June 13, the Sensex increased by 204 points (0.3%) to 76,810, and the Nifty rose by 77 points to 23,399. Around 2,050 shares went up in value, -1,365 shares went down, and 82 shares stayed the same.

Top Nifty gainers:  Shriram Finance, HDFC Life, Divis Labs, and M&M 
Top Nifty Losers:  HUL, Britannia, Axis Bank, and Eicher Motors .

The broader market did better than the main indexes, with both BSE Midcap and Smallcap going up by nearly 1 percent each.

The volatility index, India VIX, dropped by over 7 percent to 13.4.

Stock Prediction for 13th June 2024
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Prediction For Friday NIFTY can go up if it goes above 23,450 or down after the level of 23,350 but all depends upon the Global cues.

On the day of monthly expiry, the Nifty faced ups and downs before finally ending unchanged. Currently, there seems to be a somewhat negative sentiment prevailing. Positioned at the lower end, there is crucial support at 21900; if the index holds above this level, there is a chance of seeing a recovery. However, dropping below 21900 could potentially push the index towards 21850.

Highest Call Writing at
23,450 (1.6 Crore)
Highest Put Writing at
23,300 (1.4 Crores)

Nifty Support and Resistance

Support 23,300, 23,250
Resistance
23,450- 23,500

Bank Nifty Daily Chart Prediction.

Zoomed Bank Nifty Chart in Intraday Time Frame.

Prediction For Friday Bank NIFTY can go up if it goes above 50,000 or down after the level of 48,000 but it all depends upon the Global cues.

The bulls in BankNifty demonstrated their power by protecting the important support level of 46100, leading to a close above it. This indicates strong bullish activity at lower levels. However, the index is currently facing notable resistance at 50,000, and breaking decisively above this level is expected to prompt more short-covering, potentially driving the index towards the 48000 level. To confirm that the index has formed a bottom, there needs to be consistent trading above 50000 for several sessions.

Highest Call Writing at50,000 (25.7Lakhs)
Highest Put Writing at48,000 (13.3Lakhs)

Bank Nifty Support and Resistance

Support48,000- 48,100
Resistance
50,000 – 50,600

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