In Stock market today Sensex experienced a 116-point decline, but broader indices showed strength as public sector banks and metal stocks rallied.
Stock Market Nifty Chart Prediction.
Today, the Nifty formed an Inside Bar pattern on daily charts, indicating consolidation, with the crucial levels being 19,805 and 19,635, and a breach on either side could lead to a trending move; however, with daily and hourly momentum indicators offering divergent signals, consolidation seems probable, further supported by Bollinger Bands contracting, suggesting a sideways trend for the Index within the range of 19,500 to 20,100 from a short-term perspective.
Prediction For Tuesday NIFTY can go up if it goes above 19800 or go down after the level of 19675 but all depend upon the Global cues.
There are good chances of market to remain flat as today market flat and then it was in range and closed near level of 19750. If it goes beyond any level given above it will give a one side move on any side up or down. Nifty gives flat opening, it may move to the level of 19800 or 19650 But all these aspects depend upon the Global cues.
| Highest Call Writing at | 19800 |
| Highest Put Writing at | 19,700 |
Nifty Support and Resistance
| Support | 19650,19600 |
| Resistance | 19800,19850 |
Bank Nifty Daily Chart Prediction
Prediction For Tuesday Bank NIFTY can go up if it goes above 44400 or go down after the level of 44000 but all depend upon the Global cues.
Today, BANK NIFTY opened gap down in morning but after that there was in range but in afternoon there was some recovery. Today bank nifty has closed in red and closed near its critical level of 44200 which has made bank nifty weak again For Tuesday. you can go with the strategy of buy on dip.
| Highest Call Writing at | 44500 |
| Highest Put Writing at | 44200 |
Bank Nifty Support and Resistance
| Support | 44000,43800 |
| Resistance | 44400,44500 |
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