In today’s stock market, bears take charge as Nifty falls below 24,350 and Sensex drops by 1,064 points all sectors in red.
Stock Market Nifty Chart Prediction
On December 17, Sensex was down 384.55 points at 81,748.57, and the Nifty was down 100.05 points at 24,668.25. About 2,220 shares advanced, 1,748 shares declined, and 94 shares remained unchanged.
Top Nifty gainers: ITC and Cipla
Top Nifty Losers: Shriram Finance, Bharti Airtel, Grasim Industries, Hero MotoCorp and JSW Steel
All the sectoral indices ended in the red, with auto, bank, energy, metal, and oil & gas down 1% each.
BSE Midcap and Smallcap indices rose 0.5% each.
Stock Prediction for 18th Dec 2024
| STOCK | Good Above | Weak Below |
| APLAPOLLO | 1605 | 585 |
| BSOFT | 612 | 606 |
| NCC | 315 | 310 |
| PETRONET | 342 | 338 |
Prediction for Wednesday NIFTY can go up if it goes above 24,500 or down after the level of 24,200, but it all depends upon the Global cues.
Today, the stock market saw profit-taking at higher levels. The Nifty dropped by 332 points, and the Sensex fell by 1,064 points. The market started weak and faced selling pressure throughout the day. A bearish candle appeared on the charts, indicating a decline. The next resistance is expected between 24,500 and 25,000, while support is likely to be between 24,200 and 24,000.
| Highest Call Writing at | 24,500 (1.4 crore) |
| Highest Put Writing at | 24,200 (79.4 lakh) |
Nifty Support and Resistance
| Support | 24,200 and 24,000 |
| Resistance | 24,500 and 25,000 |
Bank Nifty Daily Chart Prediction
Prediction For Wednesday, Bank NIFTY can go up if it goes above 53,800 or down after the level of 53,000, but it all depends upon the Global cues.
Domestic equities followed the trend set by Asian and European indices, ending in the red as investors await the outcome of the US FOMC meeting later this week on the rate decision. While a rate cut is anticipated, investor confidence remains low due to the sluggish Chinese economy and concerns about Trump’s upcoming decision on import tariffs from key economies. Resistance is seen between 53,800 and 54,000, while support is seen between 53,200 and 53,000.
| Highest Call Writing at | 53,800 (34.4 Lakh) |
| Highest Put Writing at | 53,200 (17.7 Lakh) |
Bank Nifty Support and Resistance
| Support | 53,200 and 53,000 |
| Resistance | 53,800 and 54,000 |
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