Home ยป Stock Market Prediction for Nifty & Bank Nifty 15th May 2024.

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

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

In the Stock Market Today, Sensex climbs 330 points, Nifty remains steady at 22,200; leading gainers include M&M, L&T, JSW Steel, and NTPC.

Stock Market Nifty Chart Prediction.

The picture is of the Nifty Stock Market chart in the daily time frame, through which it will be used to predict the market on May 15, 2024.

The image displays Intraday version of the Nifty Stock Market chart, used for predicting on May 15, 2024.
Zoomed Nifty Chart in Intraday Time Frame.

On May 14, Sensex increased by 349.11 points, reaching 73,125.24, while the Nifty rose by 124.30 points, to 22,228.30. Approximately 2,438 shares advanced, -876 declined, and 90 stayed unchanged.

Top Nifty gainers: Hero Motocorp, Mankind Pharma, Karur Vysya Bank and Jindal Steel & Power
Top Nifty Losers: CIPLA, TCS, TATACONSUM, NESTLEIND, AXISBANK and ICICIBANK

Among sectoral indices, Nifty Metal led the gains with a 2.77 percent increase, followed by Nifty Auto and Oil & Gas, each rising by 1.8 percent. Nifty PSU Bank, Consumer Durables, and Realty each saw a 1 percent uptick. On the downside, Nifty FMCG and Pharma each declined by 0.5 percent.

BSE Midcap rising over 1% and Smallcap gaining 1.8%

Stock Prediction for 15th May 2024
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Prediction For Wednesday, NIFTY can go up if it goes above 22,300 or down after the level of 22,000 but all depends upon the Global cues.

For the second consecutive day, the Nifty maintained its upward momentum, closing 114 points higher. A bullish candle has formed, and on the intraday charts, it is exhibiting a higher bottom formation, indicating a generally positive trend. We believe that the index has finished one phase of its pullback rally, with the 22,300-22,500 range serving as key resistance and the 22,000-21,700 range acting as key support.

Highest Call Writing at
22,300 (63.5 Lakhs)
Highest Put Writing at
22,000 (62.2 Lakhs)

Nifty Support and Resistance

Support 22,000, 21,700
Resistance
22,300, 22,500

Bank Nifty Daily Chart Prediction.

The picture is of the Bank Nifty Stock Market chart in the daily time frame, through which it will be used to predict the market on May 15, 2024.

The image displays Intraday version of the Nifty Bank Stock Market chart, used for predicting on May 15, 2024.
Zoomed Bank Nifty Chart in Intraday Time Frame.

Prediction For Wednesday, Bank NIFTY can go up if it goes above 48,000 or down after the level of 47,000 but it all depends upon the Global cues.

Bank Nifty, which appreciated by 0.7 percent yesterday, opened almost unchanged today at 47,749, compared to the previous close of 47,754. It has since dipped slightly and is currently hovering around 47,700. The resistance levels are between 48,000 and 48,300, while support levels are between 47,000 and 46,500.

Highest Call Writing at48,000 (34.7 Lakhs)
Highest Put Writing at47,000 (25.8 Lakhs)

Bank Nifty Support and Resistance

Support47,000, 46,500
Resistance
48,000, 48,300

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