In today’s stock market, Market losses stretch into the 6th day, with both Sensex and Nifty falling 2.5% this week.
Stock Market Nifty Chart Prediction
On November 14, “The Sensex fell by 110.64 points, to settle at 77,580.31, while the Nifty dropped 26.30 points, closing at 23,532.70. A total of 2,046 stocks advanced, -1,739 declined, and 88 remained unchanged.”
Top Nifty gainers: Eicher Motors, Hero MotoCorp, Reliance Industries, HDFC Life, Kotak Mahindra Bank.
Top Nifty Losers: HUL, BPCL, Tata Consumer, Nestle, Britannia.
FMCG, power, PSU Bank, and oil & gas sectors saw declines of 0.3-1%, while auto, media, and real estate stocks gained between 0.6-2%.
BSE Midcap index index was up 0.4% and Smallcap index added nearly 1%
Stock Prediction for 18th Nov 2024.
| STOCK | Good Above | Weak Below |
| COROMANDEL | 1722 | 1700 |
| M&M | 2836 | 2805 |
| PERSISTENT | 5740 | 5665 |
| SYNGENE | 865 | 856 |
Prediction for Monday NIFTY can go up if it goes above 24,000 or down after the level of 23,600, but it all depends upon the Global cues.
Nifty started the day flat and remained range-bound throughout, ending 26 points lower. The index is currently testing a key support level. Resistance is seen between 23,600-23,900, while support lies at 23,500-23,000 on the downside.”
| Highest Call Writing at | 24,000 (1.1 crore) |
| Highest Put Writing at | 23,600 (83.4 Lakhs) |
Nifty Support and Resistance
| Support | 23,600 and 23,300 |
| Resistance | 24,000 to 24,250 |
Bank Nifty Daily Chart Prediction
Prediction For Monday, Bank NIFTY can go up if it goes above 51,500 or down after the level of 49,500, but it all depends upon the Global cues.
Bank Nifty is currently trending lower. If you’re holding short positions, you can maintain them with a daily closing stop-loss at 51,075. On the upside, resistance is seen around 50,000-51,500, while support on the downside lies between 49,500-49,100.
| Highest Call Writing at | 51,500 (18.2 Lakh) |
| Highest Put Writing at | 49,500 (18.3 Lakh) |
Bank Nifty Support and Resistance
| Support | 49,500 and 49,100 |
| Resistance | 50,000 and 51,500 |
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