In Stock Market Today, Nifty Below 22,000 mark, Sensex falls 906 points; all sectors in red.
Stock Market Nifty Chart Prediction.
On March 12, Indian equity market ended on a weak note with Nifty below 22,000 amid selling across the sectors.
The Sensex saw a decline of 906.07 points, or 1.23%, closing at 72,761.89, while the Nifty dropped by 338.00 points, or 1.51%, settling at 21,997.70. Out of the total shares traded, 290 advanced, 3202 declined, and 38 remained unchanged.
Top gainers included ITC, UltraTech Cement, HCL Technologies, Kotak Mahindra Bank and ICICI Bank
Top Losers were Adani Enterprises, Coal India, Adani Ports, Power Grid Corporation and NTPC.
All other stocks ended lower, including Realty, Media, PSU Bank, Telecom, Power, Oil & Gas, and Metals, which saw declines of 4-6 percent.
Additionally, BSE Midcap and Smallcap indices down 4-5 percent.
Stock Prediction for 14th March 2024.
| STOCK | Good Above | Weak Below |
| BAJFINANCE | 6480 | 6440 |
| ICICIBANK | 1089 | 1075 |
| INFY | 1620 | 1600 |
| DRREDDY | 6320 | 6280 |
Prediction For Wednesday, NIFTY can go up if it goes above 22,400 or down after the level of 21,900 but all depends upon the Global cues.
Today, The Nifty has broken below an upward channel on its daily chart, indicating the end of the recent upward trend and a possible start of a downward trend. It has also fallen below the recent consolidation phase on the daily timeframe. This suggests that the index could face more selling pressure, with resistance expected around 22,400 and 22,500. On the downside, support levels are seen at 21,900 and 21,700.
| Highest Call Writing at | 22,400 (1.4 Crore) |
| Highest Put Writing at | 21,900 (76.6 Lakhs) |
Nifty Support and Resistance
| Support | 21,900, 21,700 |
| Resistance | 22,400, 22,500 |
Bank Nifty Daily Chart Prediction.
Prediction For Wednesday, Bank NIFTY can go up if it goes above 47,000 or down after the level of 47,000 but it all depends upon the Global cues.
Bank Nifty met strong resistance at 47500, making it an important barrier. Investors should sell when the index rises until this barrier is broken. Key support levels for the Bank Nifty are situated between 47,000 and 46,900, while resistance is identified in the range of 47,000 to 47,500.
| Highest Call Writing at | 47,000 (75.6 Lakhs) |
| Highest Put Writing at | 47,000 (61.6 Lakhs) |
Bank Nifty Support and Resistance
| Support | 47,000, 46,900 |
| Resistance | 47,000, 47,500 |
Also, know How to Invest in USA Stocks from India.
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