In today’s stock market, Nifty and Sensex close slightly lower; IT and oil & gas gain, while pharma and PSU banks decline.
Stock Market Nifty Chart Prediction
On February 18, Sensex was down 29.47 points at 75,967.39, and the Nifty was down 14.20 points at 22,945.30. About 993 shares advanced, -2804 shares declined, and 101 shares unchanged.
Top Nifty gainers: Tech Mahindra, Wipro, ONGC, Power Grid and NTPC
Top Nifty Losers: Trent, IndusInd Bank, M&M, UltraTech Cement, Bharat Electronics.
Among sectors, Pharma, FMCG, Media, PSU Bank, Consumer Durables fell between 0.5-1 percent, while IT, Power, Oil & Gas index up 0.5% each.
BSE Midcap index was down 0.2% and smallcap index shed 1.7%.
Stock Prediction for 19th Feb 2025
| STOCK | Good Above | Weak Below |
| NTPC | 315 | 310 |
| PHOENIXLTD | 1600 | 1580 |
| POWERGRID | 268 | 264 |
| TECHM | 1705 | 1686 |
Prediction for Wednesday NIFTY can go up if it goes above 23,000 or down after the level of 22,700, but it all depends upon the Global cues.
Nifty experienced another volatile session, struggling to establish a clear trend. As long as it remains below 23,150, it may continue to be a ‘sell on rise.’ Resistance is seen in the 23,000-23,500 range, while support lies between 22,700-22,500.
| Highest Call Writing at | 23,000 (92.8 Lk) |
| Highest Put Writing at | 22,700 (61.9 Lk) |
Nifty Support and Resistance
| Support | 22,700 and 22,500 |
| Resistance | 23,000 and 23,500 |
Bank Nifty Daily Chart Prediction
Prediction For Wednesday, Bank NIFTY can go up if it goes above 49,500 or down after the level of 48,700, but it all depends upon the Global cues.
Bank Nifty is trading in a negative trend. If you have short positions, it is advisable to hold them with a daily closing stop-loss at 49,645. Resistance is positioned between 49,500 and 50,300, while support is found in the 48,700-48,200 range.
| Highest Call Writing at | 49,500 (19.7 Lakh) |
| Highest Put Writing at | 48,700 (12.3 Lakh) |
Bank Nifty Support and Resistance
| Support | 48,700 and 48,200 |
| Resistance | 49,500 and 50,300 |
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