In Stock market today Nifty dipped below 19,700 points, with the Sensex losing 551 points, as banks and power sectors declined, while the pharmaceutical sector showed strength.
Stock Market Nifty Chart Prediction.
On October 18, benchmark indices concluded weaker, as the Sensex dropped 551.07 points to 65,877.02, and the Nifty fell 140.40 points to 19,671.10, with 1424 advancing shares, 2144 declining shares, and 137 remaining unchanged; major losers included Bajaj Finance, Bajaj Finserv, NTPC, HDFC Bank, and Axis Bank, while top gainers were Cipla, Dr. Reddy’s Laboratories, Tata Motors, Sun Pharma, and SBI Life Insurance. All sectoral indices, except auto and pharma, closed in the red, with power, information technology, oil & gas, metal, realty, and banking sectors declining by 0.5-1 percent each, and the BSE Midcap index decreasing by 0.8 percent and the Smallcap index by 0.3 percent.
Prediction For Thursday NIFTY can go up if it goes above 19750 or go down after the level of 19600 but all depend upon the Global cues.
There are good chances of market going down as today market opened flat and then it was in range but after sometime it started coming down and closed near level of 19700. If it goes beyond any level given above it will give a one side move on any side up or down. Nifty gives flat opening, it may move to the level of 19750 or 19600 But all these aspects depend upon the Global cues.
| Highest Call Writing at | 19900 |
| Highest Put Writing at | 19,600 |
Nifty Support and Resistance
| Support | 19650,19600 |
| Resistance | 19750,19800 |
Bank Nifty Daily Chart Prediction
Prediction For Thursday Bank NIFTY can go up if it goes above 44000 or go down after the level of 44800 but all depend upon the Global cues.
Today, BANK NIFTY opened flat in morning but after that there was in range but in afternoon there was some weakness. Today bank nifty has closed in red and closed near its critical level of 42900 which has made bank nifty weak again For Thursday. you can go with the strategy of sell on rise.
| Highest Call Writing at | 43900 |
| Highest Put Writing at | 43900 |
Bank Nifty Support and Resistance
| Support | 43800,43600 |
| Resistance | 44000,44200 |
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