In today’s stock market, Nifty is above 24,400, and the Sensex has gained 309 points, with strong gains in media and financial stocks.
Stock Market Nifty Chart Prediction
On April 16, Sensex rose by 309.4 points to 77,044.29, and the Nifty went up by 108.65 points to 23,437.20. Out of 4,934 stocks, 2,561 went up, 1,244 went down, and 129 stayed the same.
Top Nifty gainers: IndusInd Bank, Axis Bank, Trent, ONGC, Asian Paints
Top Nifty Losers: Maruti Suzuki, Hindalco, Bajaj Finance, L&T, Tata Motors.
All sectors gained, except for auto, IT, and pharma. Media, PSU Bank, and oil & gas went up by 1-2%.
BSE Midcap index rose 0.5 percent and smallcap index jumped nearly 1 percent.
Stock Prediction for 17th April 2025
| STOCK | Good Above | Weak Below |
| ANGELONE | 2360 | 2335 |
| EICHERMOT | 5625 | 5570 |
| ICICIBANK | 1365 | 1350 |
| OIL | 380 | 375 |
Prediction for Thursday NIFTY can go up if it goes above 23,400 or down after the level of 23,200, but it all depends upon the Global cues.
The Index closed at 23,437.20, up 108.65 points, with Banking and Media leading the gains. Auto and Pharma saw small declines. Mid and Smallcaps outperformed, rising over 0.70%. The Index is nearing resistance at 23,400–23,600, with support at 23,200–23,000. If it holds above 23,200, the next resistance is at 23,800.
| Highest Call Writing at | 23,400 (93.7 Lakh) |
| Highest Put Writing at | 23,200 (93.4 Lakh) |
Nifty Support and Resistance
| Support | 23,200–23,000 |
| Resistance | 23,400–23,600 |
Bank Nifty Daily Chart Prediction
Prediction For Thursday, BANKNIFTY can go up if it goes above 53,100 or down after the level of 52,500, but it all depends upon the Global cues.
Bank Nifty is currently in a positive trend. If you’re holding long positions, continue to hold with a daily closing stop loss at 51,915. Fresh short positions can be initiated if Bank Nifty closes below 51,915. On the upside, resistance is expected between 53,100 and 53,500, while support lies between 52,500 and 52,000.
| Highest Call Writing at | 53,100 (14.8 Lakh) |
| Highest Put Writing at | 52,500 (13.5 Lakh) |
Bank Nifty Support and Resistance
| Support | 52,500 and 52,000 |
| Resistance | 53,100 and 53,500 |
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