In the Stock Market Today, Sensex surges by 627 points, with Nifty reaching 24,800; notable performance seen in IT, FMCG, & banking sectors.
Stock Market Nifty Chart Prediction.
On July 18, The Sensex increased by 626.91 points or closing at 81,343.46, while the Nifty rose by 187.80 points settling at 24,800.80. Approximately 1,192 shares advanced, -2,194 shares fell, and 75 shares remained unchanged.
Top Nifty gainers: TCS, LTIMindtree, ONGC, Bajaj Finserv and Wipro
Top Nifty Losers: Asian Paints, Hero MotoCorp, Grasim, Coal India and Bajaj Auto.
Sectors such as banking, automotive, IT, FMCG, and telecom experienced gains of 0.3-2 percent. In contrast, capital goods, metal, power, and media sectors saw declines ranging from 1 to 3.5 percent.
BSE midcap and smallcap index shed 1% each.
Stock Prediction for 19th July 2024.
| STOCK | Good Above | Weak Below |
| HEROMOTOCO | 5520 | 5476 |
| PIDILITIND | 3200 | 3165 |
| POWERGRID | 342 | 338 |
| RELIANCE | 3192 | 3160 |
Prediction For Friday, NIFTY can go up if it goes above 24,800 or down after the level of 24,600 but it all depends upon the Global cues.
The Nifty started the day with a gap down but gained momentum throughout the session, ending at a new all-time high with an increase of 188 points. After two days of consolidation, a sharp upward movement was observed. The resistance level is between 24,800 and 25,000, while the support level is between 24,600 and 24,400.
| Highest Call Writing at | 24,700 (69.7 Lakhs) |
| Highest Put Writing at | 24,500 (71.4 Lakhs) |
Nifty Support and Resistance
| Support | 24,600-24,400 |
| Resistance | 24,800- 25,000 |
Bank Nifty Daily Chart Prediction.
Prediction For Friday, Bank NIFTY can go up if it goes above 52,800 or down after the level of 52,200 but it all depends upon the Global cues.
Bank Nifty is currently trending negatively but has resumed its upward movement towards 53,000. The resistance level is between 52,800 and 53,500, while the support level is between 52,200 and 51,800.
| Highest Call Writing at | 52,800 (9.7 Lakhs) |
| Highest Put Writing at | 52,200 (9.4 Lakhs) |
Bank Nifty Support and Resistance
| Support | 52,200-51,800 |
| Resistance | 52,800-53,500 |
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