In the Stock Market Today, Market decline continues for a third day, as the Sensex drops 456 points and the Nifty falls below 22,150.
Stock Market Nifty Chart Prediction.
On April 15, Sensex closed down by 456.10 points, ending at 72,943.68. Similarly, the Nifty 50 dropped 124.60 points to finish at 22,147.90. In terms of stock movements, 2,037 shares gained, -1,255 shares fell, and 86 shares stayed the same.
Top Nifty gainers: IDFC First Bank VST Industries Bharti Hexacom and Dalmia Bharat,
Top Nifty Losers: Berger Paints Gujarat Gas LTI Mindtree and Infosys.
Sector-wise, the banking, IT, and realty sectors fell by 0.5-1 %, whereas the oil & gas index rose by 1%.
BSE Smallcap up 0.6%, and Midcap steady.
Stock Prediction for 18th April 2024.
| STOCK | Good Above | Weak Below |
| ASTRAL | 1990 | 1960 |
| GNFC | 689 | 680 |
| GODREJPROP | 2627 | 2601 |
| MCDOWELL-N | 1556 | 1140 |
Prediction For Thursday, NIFTY can go up if it goes above 22,400 or down after the level of 22,000 but all depends upon the Global cues.
Nifty index trend has weakened as it fell. With the sharp decline, it may find short-term support within the 22,000 – 21,930 range. Conversely, if it fails to maintain support at 22,000, this could exacerbate panic in the market. On the higher end, resistance for the short term is positioned at 22,400-22,500.
| Highest Call Writing at | 22,400 (1.1 Crore) |
| Highest Put Writing at | 22,000 (68.7 Lakhs) |
Nifty Support and Resistance
| Support | 22,000, 21,930 |
| Resistance | 22,400, 22,550 |
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 47,500 but it all depends upon the Global cues.
Bank Nifty index rebounded in the later part. If it remains above the support zone of 47,500-47,400, a rally towards the 48,000 level might be seen. On the other hand, if it falls below 47,300 at close, it could face more selling, possibly pushing it down to the 46,500 level.
| Highest Call Writing at | 47,700 (85.4 Lakhs) |
| Highest Put Writing at | 47,500 (42.9 Lakhs) |
Bank Nifty Support and Resistance
| Support | 47,500, 47,400 |
| Resistance | 47,700, 48,000 |
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