In Stock market today Sensex has surged by 261 points, pushing it higher, while the Nifty has climbed above the 19,800 mark.
Stock Market Nifty Chart Prediction.
The market has been characterized by a consistent tug-of-war between bullish and bearish forces, leading to the index’s closing near the 44500 resistance level. This reflects the prevailing uncertainty and hesitation among market players. Presently, the index appears trapped within a wide-ranging pattern, with support at approximately 44000 and resistance at 45000. This pattern underscores the absence of a distinct, long-lasting trend in either direction.
However, despite the sideways trading range, the overall sentiment within this range remains optimistic. Investors view market dips as opportunities to accumulate assets, indicating their trust in the possibility of upward movements.
Prediction For Wednesday NIFTY can go up if it goes above 19850 or go down after the level of 19775 but all depend upon the Global cues.
There are good chances of market to remain flat as today market opened gap up and then it was in range and closed near level of 19800. If it goes beyond any level given above it will give a one side move on any side up or down. If Nifty gives flat opening, it may move to the level of 19850 or 19750 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 | 19750,19700 |
| Resistance | 19850,19900 |
Bank Nifty Daily Chart Prediction
Prediction For Wednesday Bank NIFTY can go up if it goes above 44500 or go down after the level of 44350 but all depend upon the Global cues.
Today, BANK NIFTY opened gap up in morning but after that there was in range but in afternoon there was some weakness. Today bank nifty has closed in green and closed near its critical level of 44450 which has made bank nifty strong again For Wednesday. you can go with the strategy of buy on dip.
| Highest Call Writing at | 44500 |
| Highest Put Writing at | 44000 |
Bank Nifty Support and Resistance
| Support | 44350,44000 |
| Resistance | 44500,44800 |
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