In the Stock Market Today, Sensex & Nifty close slightly down; realty and PSU banks perform well, while FMCG underperforms.
Stock Market Nifty Chart Prediction.
On September 13, The Sensex dropped by 71.77 points, to settle at 82,890.94, while the Nifty slipped 32.40 points, closing at 25,356.50. A total of 2,363 shares gained, -1,431 shares fell, and 102 remained unchanged.
Top Nifty gainers: Wipro, Bajaj Finance, Bajaj Finserv, Axis Bank and IndusInd Bank
Top Nifty Losers: ITC, Adani Ports, HDFC Life, Coal India and SBI Life.
All sectoral indices closed positive, except for FMCG, power, and oil & gas. IT, media, metal, realty, and PSU Bank rose between 0.5% and 1.7%.
BSE midcap index up 0.5%, while smallcap index up 1%.
Stock Prediction for 16th Sept 2024.
| STOCK | Good Above | Weak Below |
| BIOCON | 380 | 375 |
| GRASIM | 2800 | 2760 |
| HDFCAMC | 4455 | 4400 |
| LT | 3640 | 3600 |
Prediction For Monday, NIFTY can go up if it goes above 25,500 or down after the level of 25,200, but it all depends upon the Global cues.
Nifty started the day on a positive note but consolidated throughout the session, ending slightly lower by about 32 points. The daily charts show that, after the significant rise in the prior session, Nifty has entered a consolidation phase. The overall sentiment remains bullish, and the uptrend is expected to resume once this consolidation concludes. Resistance is anticipated around the 25,500 to 26,000 levels, with support located between 25,200 and 24,900.
| Highest Call Writing at | 25,500 (23.7 Lakhs) |
| Highest Put Writing at | 25,200 (21.6 Lakhs) |
Nifty Support and Resistance
| Support | 25,200 and 24,900 |
| Resistance | 25,500 and 26,000 |
Bank Nifty Daily Chart Prediction.
Prediction For Monday, Bank NIFTY can go up if it goes above 52,000 or down after the level of 51,000 but it all depends upon the Global cues.
Bank Nifty surpassed the previous day’s high and extended its upward movement, closing with a gain of 166 points in positive territory. The daily and hourly momentum indicators showing a positive crossover are reinforcing the continued uptrend in Bank Nifty. The 52,000 level is proving to be strong resistance, and a break above it could trigger a rally toward the 52,500 – 52,800 range. Support lies between 51,000 and 50,400.
| Highest Call Writing at | 52,000 (16.5 Lakhs) |
| Highest Put Writing at | 51,000 (18.9 Lakhs) |
Bank Nifty Support and Resistance
| Support | 51,000 and 50,500 |
| Resistance | 52,000 and 52,500 |
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