In today’s stock market: the Nifty closes over 21,150, and the Sensex is up 929 points, with IT and realty stocks leading.
Stock Market Nifty Chart Prediction.
The optimistic outlook from the US Federal Reserve for 2024, hinting at potential rate cuts, brought joy to investors. By the closing bell, the Nifty rose by 256.40 points (1.23%), closing at 21,182.70, and the Sensex gained 929.60 points (1.34%), reaching 70,514.20. Market breadth favored gainers, with 1,851 stocks advancing, 1,363 declining, and 86 remaining unchanged.
BSE-listed companies’ market capitalization hit a record high of Rs 355 lakh crore, mirroring the overall record high for all listed companies. Notably, 19 Nifty stocks reached 52-week or multi-year highs on December 14 that is Today.
Top Nifty Gainers included:
- Tech Mahindra
- LTI Mindtree
- Wipro
- Infosys
- HCL Technologies.
Realty stocks, especially Godrej Properties and DLF, surged up to 7 percent amid expectations of rate cuts.
Top Nifty Losers included:
- Powergrid
- Hdfclife
- Nestleind
- Cipla
- Jswsteel
Prediction For Friday NIFTY can go up if it goes above 21200 or down after the level of 21150 but all depends upon the Global cues.
Today’s stock market saw a 1% gain, driven by positive global cues, particularly from strong US markets. Nifty started strong, closing at 21,182.70, with expectations to reach 21,500 influenced by resilient US indices. The focus is advised on banking & IT majors, and caution is urged in other sectors due to overbought conditions in midcap and smallcap stocks. The breakout in Nifty, fueled by increased long positions, signals a positive sentiment. Key support lies at 21,150-21,100, and there’s potential for Nifty to surpass 21,200 upon breaking the resistance.
| Highest Call Writing at | 21200 (2.4 Crores) |
| Highest Put Writing at | 21150 (2.2 Crores) |
Nifty Support and Resistance
| Support | 21150, 21100 |
| Resistance | 21200, 21500 |
Bank Nifty Daily Chart Prediction
Prediction For Friday Bank NIFTY can go up if it goes above 48000 or down after the level of 47500 but it all depends upon the Global cues.
The Bank Nifty opened with a gap up, influenced by the strong performance of the US market. It showed strength compared to Nifty and both followed a similar consolidation channel throughout the day. The Bank Nifty closed above its crucial support at 47,500, and a break below this level could lead to a potential decline to 47,000. The major resistance lies at 48,000, and a breakthrough could propel it to 48,100. However, the outcome depends on global cues.
| Highest Call Writing at | 48000 (31.4 Lakhs) |
| Highest Put Writing at | 47000 (20.8 Lakhs) |
Bank Nifty Support and Resistance
| Support | 47500, 47000 |
| Resistance | 48000, 48100 |
Also, check our Article on the Top Traded Strategies used in Bank Nifty.
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