In Stock market indices dip, with the Sensex down by 325 points and Nifty50 slipping below 19,450, while small-cap stocks show stronger performance.
Stock Market Nifty Chart Prediction.
During the special “muhurat” trading session, Nifty 50 and Sensex hit a three-week high, climbing more than 0.5%, with notable gains in energy and IT stocks, although high-weightage sectors like IT and financials declined by over 0.5%, reflecting a technical pullback after previous gains, amidst positive market momentum, anticipated retail inflation data, and identified buying opportunities following recent consolidation, with Eicher Motors and Coal India showcasing strong performances in the midst of mixed market movements.
Prediction For Wednesday NIFTY can go up if it goes above 19500 or go down after the level of 19400 but all depend upon the Global cues.
There are good chances of market going down as today market opened gap down and after that was in range to close near 19450. If it goes beyond any level given above it will give a one side move on any side up or down. If Nifty gives flat opening, it may move to the level of 19500 or 19300 But all these aspects depend upon the Global cues.
| Highest Call Writing at | 19600 (1.0 crores) |
| Highest Put Writing at | 19400 (82.6 lakhs) |
Nifty Support and Resistance
| Support | 19400,19350 |
| Resistance | 19475,19500 |
Bank Nifty Daily Chart Prediction
Prediction For Wednesday Bank NIFTY can go up if it goes above 44000 or go down after the level of 43700 but all depend upon the Global cues.
Today, BANK NIFTY opened gap down in morning but after that it goes down tock support near level of 43700 and closed in renge. Today bank nifty has closed in red and closed above its critical level of 43850 which has made bank nifty strong again For Muhurat Trading. you can go with the strategy of buy on dip.
| Highest Call Writing at | 43800 (49.9 Lakhs) |
| Highest Put Writing at | 43800 (35.7 Lakhs) |
Bank Nifty Support and Resistance
| Support | 43700,43500 |
| Resistance | 43900,44000 |
Also, check our Article on Spinning Top Candlestick Pattern
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