In the Stock Market Today, Nifty hits 22,150 as Sensex rose by +336 points; the banking sector did not perform well.
Stock Market Nifty Chart Prediction.
Indian stock markets ended higher on March 14, with the Nifty closing at 22,150, gaining +149.00 points to 22,146.70. The Sensex rose by +335.39 points to 73,097.2.
Top gainers on the Nifty were Adani Enterprises, Adani Ports, Hero MotoCorp, Hindalco Industries, and ONGC.
Axis Bank, IndusInd Bank, Bajaj Finance, Tata Steel, and JSW Steel were among the Top Losers.
Except for Banking Stocks, all other sectors ended positively. Telecom, power, and oil & gas sectors each added +3%, while
auto, capital goods, FMCG, Information Technology, healthcare, and metal sectors rose by +1 to +2%.
The BSE Midcap index rose by +2.2%, and the Smallcap index gained +3%, outperforming the main indices.
Stock Prediction for 15th March 2024.
| STOCK | Good Above | Weak Below |
| APOLLOHOSP | 6050 | 6000 |
| KOTAKBANK | 1750 | 1722 |
| TATAMOTORS | 976 | 961 |
| SAIL | 123 | 120 |
Prediction For Friday, NIFTY can go up if it goes above 22,150 or down after the level of 22,100 but all depends upon the Global cues.
The market sentiment remains negative as the Index stayed in the lower half of the previous session’s candle on the daily chart. However, by the end of the session, bulls managed to push the Nifty back into the rising channel, indicating a possible shift to a bullish trend. Looking ahead, the Nifty might face resistance around 22150-22200. Breaking above 22200 could drive it towards 22500 soon. Support levels are seen at 22100-22000.
| Highest Call Writing at | 22,150 (1.9 Crores) |
| Highest Put Writing at | 22,100 (1.6 Crores) |
Nifty Support and Resistance
| Support | 22,100, 22,000 |
| Resistance | 22,150, 22,200 |
Bank Nifty Daily Chart Prediction.
Prediction For Friday, Bank NIFTY can go up if it goes above 47,000 or down after the level of 46,720 but it all depends upon the Global cues.
The BankNifty index saw a battle between buyers and sellers, leading to a doji candle on the daily chart, suggesting uncertainty in the market. Immediate resistance is at 47000, and a clear break above could signal a return to upward movement towards record highs. On the other hand, support lies at 46720-46060, and breaking below could lead to further declines towards 45000.
| Highest Call Writing at | 47,000 (22.8 Lakhs) |
| Highest Put Writing at | 46,720 (14.47 Lakhs) |
Bank Nifty Support and Resistance
| Support | 46,720, 46,060 |
| Resistance | 47,000, 47,500 |
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