In Stock Market Today, Nifty surpasses 22,000 mark, Sensex gains +376 points; auto, IT, and pharmaceutical sectors lead the way.
Stock Market Nifty Chart Prediction.
On February 16 2024, Indian benchmark indices continued rising for the fourth session, with Nifty above 22,000.
The Sensex closed up +376.26 points at 72,426.64, a gain of +0.52 percent, while the Nifty ended the day higher by +129.90 points at 22,040.70, up +0.59 percent.
Notable gainers on the Nifty included Wipro, M&M, SBI Life Insurance, Adani Ports, and Maruti Suzuki, whereas,
Top losers comprised Power Grid Corporation, ONGC, SBI, Britannia Industries, and Reliance Industries.
All sectors except PSU Bank, oil & gas, and power witnessed positive trading, with auto, capital goods, pharma, IT, and realty showing gains of +1-2 percent.
Additionally, both BSE Midcap and Smallcap indices were up nearly +1 percent each.
Stock Prediction for 19th February 2024.
| STOCK | Good Above | Weak Below |
| BAJAJFINSV | 1580 | 1560 |
| GODREJPROP | 2320 | 2290 |
| GRASIM | 2116 | 2093 |
| SYNGENE | 770 | 760 |
Prediction For Monday, NIFTY can go up if it goes above 22120 or down after the level of 22000 but all depends upon the Global cues.
For the fourth consecutive session, the markets continued their rebound, registering a gain of more than half a percent. Following a strong opening, Nifty steadily climbed, crossing the crucial 22,000 milestone. A possible move towards 22,120, with further upside potential towards 22,600 if the index surpasses this level. On the downside, support is seen between 22,000 and 21,840.
| Highest Call Writing at | 22,120 (44.6 Lakhs) |
| Highest Put Writing at | 22,000 (55.9 Lakhs) |
Nifty Support and Resistance
| Support | 22,000, 21,840 |
| Resistance | 22,120, 22,600 |
Bank Nifty Daily Chart Prediction.
Prediction For Monday, Bank NIFTY can go up if it goes above 47000 or down after the level of 46000 but it all depends upon the Global cues.
The bulls continued to control the market, maintaining a positive trend all day. Although the Nifty Bank faced minor resistance around the 47,000 level, the overall sentiment remains bullish.
Any declines are viewed as chances to buy, particularly with solid support noted in the 46,000-44,000 range. Once the index closes above the 47,000 hurdle, it is expected to pave the way for further gains towards the 49,000 level.
| Highest Call Writing at | 47,000 (27.3 Lakhs) |
| Highest Put Writing at | 46,000 (26.7 Lakhs) |
Bank Nifty Support and Resistance
| Support | 46,000, 44,000 |
| Resistance | 47,000, 49,000 |
Also, check our Article on How to Find Top Stocks for Your Portfolio.
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