In the Stock Market Today, Around 22,000, Nifty hovers as Sensex dips by -454 points; small-caps show gains.
Stock Market Nifty Chart Prediction.
Indian benchmark indices recovered losses from the previous session, ending lower, with Nifty around 22,000.
At close, Sensex dropped -453.85 points to 72,643.43, and Nifty fell -123.40 points to 22,023.30.
Top Losers included BPCL, M&M, Tata Motors, Coal India, and L&T,
while Gainers were Bharti Airtel, UPL, Bajaj Finance, HDFC Life, and Adani Enterprises.
Except for Telecom, all sectoral indices closed in the red, with oil & gas, auto, capital goods, and healthcare down -1 to -2 per cent.
BSE Midcap index declined -0.5 per cent, while smallcap index ended positively.
Stock Prediction for 18th March 2024.
| STOCK | Good Above | Weak Below |
| CUMMINSIND | 2730 | 2700 |
| GLENMARK | 931 | 922 |
| TATASTEEL | 144 | 141 |
| ZYDUSLIFE | 985 | 976 |
Prediction For Monday, NIFTY can go up if it goes above 22,000 or down after the level of 21,920 but all depends upon the Global cues.
Starting the day on a weak footing, Nifty experienced significant price fluctuations. While the first half showed a decline, a rebound later in the day helped Nifty recover from its intraday lows, albeit still closing with a negative trend, down by approximately -123 points. Examining the daily charts, it’s evident that Nifty managed to maintain its support range between 21900 and 21860 on Friday. In terms of levels, the immediate barrier zone lies between 22,000 and 22,200, while the crucial support range is between 21,920 and 21,800.
| Highest Call Writing at | 22,000 (45.7 Lakhs) |
| Highest Put Writing at | 21,920 (50.2 Lakhs) |
Nifty Support and Resistance
| Support | 21,920, 21,800 |
| Resistance | 22,000, 22,200 |
Bank Nifty Daily Chart Prediction.
Prediction For Monday, Bank NIFTY can go up if it goes above 47,000 or down after the level of 46,320 but it all depends upon the Global cues.
Experiencing volatility, the BankNifty index encountered a trading session characterized by uncertainty, reflected by the formation of a doji candle. Expected resistance levels are anticipated between 47,000 and 47,850, while crucial support is seen at 46,320 to 45,190 on the downside.
| Highest Call Writing at | 47,000 (27.9 Lakhs) |
| Highest Put Writing at | 46,320 (20.0 Lakhs) |
Bank Nifty Support and Resistance
| Support | 46,320, 46,190 |
| Resistance | 47,000, 47,850 |
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