In the Stock Market Today, Sensex & Nifty were unable to maintain their record highs, while stocks in the realty, FMCG sectors saw gains.
Stock Market Nifty Chart Prediction.
On July 16, The Sensex increased by 51.69 points, reaching 80,716.55, while the Nifty rose by 26.30 points, to 24,613.00. Approximately 1,791 shares saw gains, -1,726 shares fell, and 68 shares remained unchanged.
Top Nifty gainers: Coal India, BPCL, HUL, Tata Consumer Products and Bharti Airtel,
Top Nifty Losers: Shriram Finance, Dr Reddy’s Labs, Kotak Mahindra Bank, and Reliance Industries.
The Realty sector index jumped by 1.6 percent, while the FMCG, IT, Metal, and Telecom sectors rose between 0.3 and 0.9 percent. Conversely, the Media index dropped by 1 percent, and the Power and Capital Goods indices each decreased by 0.5 percent.
BSE midcap index was down 0.3% while smallcap index was up 0.3%
Stock Prediction for 18th July 2024.
| STOCK | Good Above | Weak Below |
| BAJAJFINSV | 1620 | 1600 |
| CANFINHOME | 895 | 885 |
| IOC | 172 | 169 |
| M&M | 2760 | 2730 |
Prediction For Thursday, NIFTY can go up if it goes above 24,700 or down after the level of 24,500 but it all depends upon the Global cues.
Nifty started the day on a positive note and then consolidated, ending the day slightly higher by around 20 points. On the daily charts, Nifty is gradually moving towards the 24,840 level. The consolidation range is expected to be between 24,700 and 24,500, with resistance levels at 24,700-25,000 and support levels at 24,500-24,300.
| Highest Call Writing at | 24,700 (69.7 Lakhs) |
| Highest Put Writing at | 24,500 (71.4 Lakhs) |
Nifty Support and Resistance
| Support | 24,500-24,300 |
| Resistance | 24,700- 25,000 |
Bank Nifty Daily Chart Prediction.
Prediction For Thursday, Bank NIFTY can go up if it goes above 52,600 or down after the level of 52,300 but it all depends upon the Global cues.
Bank Nifty is consolidating and currently showing a negative trend. We anticipate that Bank Nifty will maintain this support and rise towards the 52,600–52,800 range in the coming trading sessions. Key support levels for Bank Nifty are at 52,300–52,100.
| Highest Call Writing at | 52,800 (94.3 Lakhs) |
| Highest Put Writing at | 52,300 (69.0 Lakhs) |
Bank Nifty Support and Resistance
| Support | 52,300-52,100 |
| Resistance | 52,600-52,800 |
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