In the Stock Market Today, Nifty hits 24,540 and Sensex rises 1,330 points; top gainers include Tech Mahindra, M&M, Tata Motors.
Stock Market Nifty Chart Prediction.
On August 16, The Sensex increased by 1,330.96 points, to reach 80,436.84, while the Nifty rose by 397.40 points, to 24,541.20. The market showed a strong positive trend, with roughly two stocks gaining for every one that declined. Approximately 2,166 shares advanced, -1,245 decreased, and 73 remained unchanged.
Top Nifty gainers: Tech Mahindra, Mahindra & Mahindra, Tata Motors, Wipro, and LTIMindtree
Top Nifty Losers: Divis Labs
All sectoral indices closed with significant gains, led by information technology, automobiles, banks, metals, and realty, which surged between 1.5 and 3 percent.
BSE Midcap and Smallcap indices both rose by over 2%.
Stock Prediction for 19th August 2024.
| STOCK | Good Above | Weak Below |
| HAVELLS | 1890 | 1865 |
| JUBLFOOD | 645 | 638 |
| PETRONET | 371 | 366 |
| TATAMOTORS | 1106 | 1090 |
Prediction For Monday, 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.
Nifty climbed above 24,500 after being stuck in a 400-500 point range for several days. In the near future, it might stay between 24,300 and 24,550. A strong move above 24,550 could push it higher. Buying on dips might work well unless Nifty falls below 24,300. Resistance is between 24,500 and 25,000, and support is between 24,200 and 23,900.
| Highest Call Writing at | 24,500 (75.6 Lakhs) |
| Highest Put Writing at | 24,200 (51.3 Lakhs) |
Nifty Support and Resistance
| Support | 24,200-23,900 |
| Resistance | 24,500-25,000 |
Bank Nifty Daily Chart Prediction.
Prediction For Monday, Bank NIFTY can go up if it goes above 49,800 or down after the level of 49,800 but it all depends upon the Global cues.
Banknifty entered a positive trend in the last trading session. You can consider going long in Banknifty with a stop loss at 49,493 based on daily closing. On the upside, resistance levels are between 50,500 and 51,000, while support levels are between 50,000 and 49,600.
| Highest Call Writing at | 50,500 (20.2 Lakhs) |
| Highest Put Writing at | 50,000 (20.1 Lakhs) |
Bank Nifty Support and Resistance
| Support | 50,000-49,600 |
| Resistance | 50,500– 51,000 |
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