In the Stock Market Today, Nifty nears 24,600, Sensex rises 150 points; PSU Banks, realty, and oil & gas sectors excel.
Stock Market Nifty Chart Prediction.
On July 15, The Sensex increased by 145.52 points to reach 80,664.86, while the Nifty climbed 84.50 points to 24,586.70. Approximately 1837 shares rose in value, -1781 shares fell, and 104 shares remained unchanged.
Top Nifty gainers: ONGC, Shriram Finance, SBI Life Insurance, Bajaj Auto and SBI
Top Nifty Losers: LTIMindtree, Asian Paints, Grasim Industries, Tata Steel and Axis Bank.
Except for IT, all other sector indices finished positively, with auto, pharma, PSU Bank, realty, and oil & gas indices gaining 1-3 percent.
BSE midcap index gained 1% while the smallcap index was up 0.2%.
Stock Prediction for 16th July 2024.
| STOCK | Good Above | Weak Below |
| ADANIPORTS | 1502 | 1482 |
| COALINDIA | 500 | 495 |
| HINDCOPPER | 333 | 328 |
| ICICIBANK | 1242 | 1225 |
Prediction For Tuesday, NIFTY can go up if it goes above 24,600 or down after the level of 24,500 but it all depends upon the Global cues.
The market maintained its upward momentum for the second consecutive session on Monday, with the Nifty closing with a solid gain of 84 points. Starting the day on a positive note, the market gradually rose through the early to mid-session. Consolidation occurred at new highs during the mid to later part of the session, and the Nifty ultimately closed near its peak. A new all-time high of 24,635 was recorded. The support level is between 24,500-24,200, while the resistance level is between 24,600-24,900.
| Highest Call Writing at | 24,600 (53.3 Lakhs) |
| Highest Put Writing at | 24,500 (64.2 Lakhs) |
Nifty Support and Resistance
| Support | 24,500-24,200 |
| Resistance | 24,600- 24,900 |
Bank Nifty Daily Chart Prediction.
Prediction For Tuesday, Bank NIFTY can go up if it goes above 52,800 or down after the level of 52,000 but it all depends upon the Global cues.
Bank Nifty is currently trending downwards. If you have short positions, it is advisable to maintain them with a daily closing stop loss set at 52,757. The resistance level ranges between 52,800 and 53,000, while the support level is between 52,000 and 51,200.
| Highest Call Writing at | 52,800 (29.1 Lakhs) |
| Highest Put Writing at | 52,000 (29.2 Lakhs) |
Bank Nifty Support and Resistance
| Support | 52,000-51,200 |
| Resistance | 52,800-53,000 |
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