Home » Stock Market Prediction for Nifty & Bank Nifty 16th March 2026

Stock Market Prediction for Nifty & Bank Nifty 16th March 2026

In today’s stock market, stock market sees sharp decline as Sensex drops 1,500 points, Nifty ends at 23,150.

Stock Market Nifty Chart Prediction

On March 12 , Sensex tumbled 1,579.82 points to 74,454.60 during intra-day trade. The benchmark finally settled at 74,563.92, down 1,470.50 points or 1.93.

Top Nifty gainers: Larsen & Toubro, Tata Steel, SBI, Bharat Electronics, Maruti, and UltraTech Cement 
Top Nifty Losers : Hindustan Unilever and Bharti Airtel

The BSE midcap index fell 0.4% and smallcap index shed 0.7%.

Best Stocks of the day according to AI (Delta Dash)

Worst Stocks of the day according to AI (Delta Dash)

Stock Prediction for 12th March 2026

Prediction for Monday NIFTY can go up if it goes above 23,100 or down after the level of 23,000, but it also depends upon the Global cues.

NIFTY (23,151): NIFTY is currently in a negative trend. If you are holding short positions, continue to hold with a daily closing stop-loss of 23,700. Fresh long positions can be initiated if NIFTY closes above the 23,700 level. Resistance is seen between 23,600–24,000 and support is seen between 23,500–23,000. In the near term, resistance is placed at 23,100–23,400, while support is seen between 23,000–22,500.

Highest Call Writing at
23,100 (1.3 cr)
Highest Put Writing at
23,000 (76.0 Lk)

Nifty Support and Resistance

Support 23,000–22,500
Resistance
23,100–23,400

Bank Nifty Daily Chart Prediction

Prediction For Thursday BANKNIFTY can go up if it goes above 53,700 or down after the level of 54,500, but it also depends upon the Global cues.

BANKNIFTY (53,758) Banknifty is currently in negative trend. If you are holding short positions then continue to hold with daily closing stoploss of 55316. Fresh long position can be initiated if Banknifty closes above 55316 levels.

Resistance is placed in the 53,700–53,200 zone, while support is seen between 54,500–55,000.

Highest Call Writing at53,700 (11.9 Lk)
Highest Put Writing at54,500 (7.2 Lk)

Bank Nifty Support and Resistance

Support54,500–55,000
Resistance
53,700–53,200

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