In Stock market today Sensex fell 126 points as bank and IT stocks declined, dragging the Nifty below 19,750, while Tata Motors gained 5% and Bandhan Bank lost 5%.
Stock Market Nifty Chart Prediction.
On October 13, the market faced selling pressure due to concerns over the demand outlook for IT heavyweights, and a decline in banking stocks further dampened sentiment, with the Sensex closing 125.65 points lower at 66,282.74 and the Nifty down 43 points at 19,751, after a gap-down start influenced by weak global cues following slightly higher than expected US inflation, followed by a short-lived recovery, and some last-hour buying that partially offset the losses after the Nifty hit an intraday low of 19,650.
Prediction For Monday NIFTY can go up if it goes above 19850 or go down after the level of 19675 but all depend upon the Global cues.
There are good chances of market to remain down as today market opened gap down and then it was in range in afternoon there was upward move nifty tuned positive and teach the level of 17800 and closed near level of 19750. If it goes beyond any level given above it will give a one side move on any side up or down. Nifty gives flat opening, it may move to the level of 19850 or 19700 But all these aspects depend upon the Global cues.
| Highest Call Writing at | 19800 |
| Highest Put Writing at | 19,800 |
Nifty Support and Resistance
| Support | 19650,19600 |
| Resistance | 19800,19850 |
Bank Nifty Daily Chart Prediction
Prediction For Monday Bank NIFTY can go up if it goes above 44350 or go down after the level of 44000 but all depend upon the Global cues.
Today, BANK NIFTY opened gap down in morning but after that there was in range but in afternoon there was some recovery. Today bank nifty has closed in red and closed near its critical level of 44200 which has made bank nifty weak again For Monday. you can go with the strategy of buy on dip.
| Highest Call Writing at | 44700 |
| Highest Put Writing at | 44500 |
Bank Nifty Support and Resistance
| Support | 44000,43800 |
| Resistance | 44350,44500 |
An Opportunity to Learn Live Trading and Training on Monthly Expiry by Clicking Here
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.
Also, Check out our article on Top of Cryptocurrencies to look for in 2023.
