In the Stock Market Today, Sensex dropped 118 points, but the Nifty stayed at 22200. BSE MidCap rose 0.6%, and Smallcap gained 1%
Stock Market Nifty Chart Prediction.
On May 15, Sensex decreased by 117 points to 72,987, while the Nifty 50 dropped by 17 points to 22,200. Out of the total shares, 2,180 advanced, -1,471 declined, and 135 remained unchanged.
Top Nifty gainers: CIPLA, LIFE INSURANCE CORP, SIEMENS, and COLGATE PALMOLIVE
Top Nifty Losers: AARTI INDUSTRIES, ANDHRA PAPER, ARCHEAN and UPL
Among sectoral indices, Nifty PSU Bank Index was the leading gainer, rising 1.4%, followed by Nifty Realty and oil & gas, each up 1%. The Nifty FMCG Index was the biggest loser, dropping 1%, while Nifty auto fell 0.5%. Both Nifty Bank and Nifty Private Bank indices declined by 0.3%.
BSE MidCap rose 0.6%, and Smallcap gained 1%
Stock Prediction for 16th May 2024.
| STOCK | Good Above | Weak Below |
| BEL | 233 | 229 |
| GODREJPROP | 2835 | 2800 |
| LUPIN | 1645 | 1625 |
| MARUTI | 12825 | 12700 |
Prediction For Thursday, 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.
Nifty index had a turbulent trading session, swinging within a 140-point range. Despite the volatility, the market displayed sideways movement, ending with a neutral candlestick on the daily chart. Resistance was noted in the 22,300-22,400 range, while support was found in the 22,000-21,950 zone.
| 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, 21,950 |
| Resistance | 22,300, 22,400 |
Bank Nifty Daily Chart Prediction.
Prediction For Thursday, Bank NIFTY can go up if it goes above 47,700 or down after the level of 47,600 but it all depends upon the Global cues.
Bank Nifty index is having difficulty surpassing the psychological barrier of 48,000. It reached a peak of 47,957 in early trading today but then fell sharply. The Nifty Bank index is now trading lower at 47,737. The resistance zone is between 47,700 and 48,200, while the support zone lies between 47,600 and 47,300.
| Highest Call Writing at | 47,700 (61.3 Lakhs) |
| Highest Put Writing at | 47,600 (41.3 Lakhs) |
Bank Nifty Support and Resistance
| Support | 47,600, 46,300 |
| Resistance | 47,700, 48,200 |
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