In today’s stock market, Nifty concluded above 21,800, setting a new high, while Sensex rose by 847 points, due to gains in the IT, realty, and oil & gas sectors.
Stock Market Nifty Chart Prediction.
Closing at record highs, benchmark indices extended a four-session winning streak on January 12, with Nifty around 21,900, led by IT stocks. Sensex rose by 847.27 points (1.18%) to 72,568.45, and Nifty gained 247.30 points (1.14%) at 21,894.50. Notable Nifty gainers included Infosys, ONGC, Tech Mahindra, LTIMindtree, and TCS, while losers were Cipla, Apollo Hospitals, Power Grid Corporation, UltraTech Cement, and Bajaj Finserv. Except for auto, power, and healthcare, all sectoral indices closed in the green, with the IT index rising by 5%, and realty and oil & gas indices up by 2% each. BSE midcap and smallcap indices also rose by 0.4% each.
Stock Prediction for 15th Jan 2024
| STOCK | Good Above | Weak Below |
| BANK OF BARODA | 231 | 229 |
| ICICIBANK | 1008 | 992 |
| IGL | 430 | 425 |
| PFC | 400 | 395 |
Prediction For Monday NIFTY can go up if it goes above 22000 or down after the level of 21800 but all depends upon the Global cues.
Opening with a gap up, Nifty traded positively, closing the day with a gain of approximately 260 points. Daily charts indicate a clear breakout above the 21500 – 21850 range, signaling a renewed upward trend. Anticipating Nifty to aim for 22000 and beyond 22300. The 21800 – 21750 zone is expected to provide immediate support on the downside, following the role reversal principle.
| Highest Call Writing at | 22000 (68.0 Lakhs) |
| Highest Put Writing at | 21800 ( 79.5 Lakhs) |
Nifty Support and Resistance
| Support | 21800, 21750 |
| Resistance | 22000, 22300 |
Bank Nifty Daily Chart Prediction.
Prediction For Monday 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.
Bank Nifty index surpassed the initial obstacle at 47,500, indicating a possible upward shift towards the next resistance level of 48,000. The breach of 48,000 is critical, as it may initiate significant short covering and drive the index towards the 50,000 milestone. A substantial put writing signifies lower support at 47,500.
| Highest Call Writing at | 48000 (24.9 Lakhs) |
| Highest Put Writing at | 47000 (26.8 Lakhs) |
Bank Nifty Support and Resistance
| Support | 47,500, 47,000 |
| Resistance | 48,000, 48,500 |
Also, check our Article on Best Ways to Save Your Income Tax.
If you’d like to know how we analyze the market and provide accurate levels every day. then click on the Free Demo button below and change your trading life for good. 5X returns are possible in options trading If you have Spider Software in your trading system.
Disclaimer: The information provided in this Blog is for educational purposes only and should not be construed as financial advice. Trading in the stock market involves a significant level of risk and can result in both profits and losses. Spider Software & Team does not guarantee any specific outcome or profit from the use of the information provided in this Blog. It is the sole responsibility of the viewer to evaluate their own financial situation and to make their own decisions regarding any investments or trading strategies based on their individual financial goals, risk tolerance, and investment objectives. Spider Software & Team shall not be liable for any loss or damage, including without limitation any indirect, special, incidental or consequential loss or damage, arising from or in connection with the use of this blog or any information contained herein.
