Home » Stock Market Prediction for Nifty & Bank  Nifty 15th March 2024.

Stock Market Prediction for Nifty & Bank  Nifty 15th March 2024.

The image displays a study on daily stock market prediction for March 15th, 2024.

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.

This picture shows the daily Nifty Stock Market chart, which is used to predict market trends for March 15th, 2024.

This image shows a close-up view of the Nifty Stock Market chart in the daily timeframe, which is used to forecast market trends for March 15th, 2024.
Zoomed Nifty Chart in Daily Time Frame.

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
.

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.

This picture shows the daily Bank Nifty Stock Market chart, which is used to predict market trends for March 15th, 2024.

This image shows a close-up view of the Bank Nifty Stock Market chart in the daily timeframe, which is used to forecast market trends for March 15th, 2024.
Zoomed Bank Nifty Chart in Daily Time Frame.

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 at47,000 (22.8 Lakhs)
Highest Put Writing at46,720 (14.47 Lakhs)

Bank Nifty Support and Resistance

Support46,720, 46,060
Resistance
47,000, 47,500

Click here to know the Best PSU Stock to Invest in India – 2024

Join our upcoming FREE WEBINAR on “How to Identify Reversal in Harmonic Pattern”

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.

Leave a Reply

Your email address will not be published. Required fields are marked *