In today’s stock market, Nifty reaches 22,100 and Sensex climbs by 760 points; a Notable performance in the IT and oil & gas sectors.
Stock Market Nifty Chart Prediction.
Closing higher for the fifth consecutive session on January 15, benchmark indices showcased a positive trend, with Nifty standing at 22,097.50. The Sensex marked a gain of 759.49 points (1.05%) at 73,327.94. Notable gainers on the Nifty included Wipro, ONGC, HCL Technologies, Infosys, and Bharti Airtel, while HDFC Life, Bajaj Finance, Bajaj Finserv, Hindalco Industries, and Eicher Motors were among the losers. With all sectoral indices, except metal, closing in the green, Information Technology, PSU Bank, and Oil & Gas sectors led the way with a 1 percent gain each. The broader indices touched fresh highs during the session, concluding with marginal gains.
Stock Prediction for 16th Jan 2024
| STOCK | Good Above | Weak Below |
| CHOLAFIN | 1290 | 1275 |
| LAURUSLABS | 425 | 420 |
| PETRONET | 233 | 229 |
| TRENT | 3220 | 3192 |
Prediction For Tuesday NIFTY can go up if it goes above 22300 or down after the level of 22000 but all depends upon the Global cues.
Nifty bulls continued their strong push, driving the index to record highs above the 22,000 mark. The key support for the index is located in the 22,000-21,800 range, and a drop below this is crucial to reverse the current trend. The next immediate targets for the index are at 22,300/22,500 levels. Maintaining levels beyond this could propel the index towards the 22,800 mark.
| Highest Call Writing at | 22300 (64.4 Lakhs) |
| Highest Put Writing at | 22000 (82.2 Lakhs) |
Nifty Support and Resistance
| Support | 22000, 21800 |
| Resistance | 22300, 22500 |
Bank Nifty Daily Chart Prediction.
Prediction For Tuesday Bank NIFTY can go up if it goes above 48500 or down after the level of 47500 but it all depends upon the Global cues.
Bank Nifty bulls retained dominance, achieving a significant breakthrough by closing above the crucial 48,000 resistance. Eyes are on the forthcoming HDFC Bank results, with a favorable outcome potentially driving further gains towards the next pivotal resistance at 48,500. On the downside, essential support is at 47,500, and a fall below this level could impact the prevailing bullish sentiment.
| Highest Call Writing at | 48500 (31.9 Lakhs) |
| Highest Put Writing at | 47500 (25.1 Lakhs) |
Bank Nifty Support and Resistance
| Support | 47,500, 47,000 |
| Resistance | 48,500, 49,000 |
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