In the Stock Market Today, Sensex rises by 105 points, Nifty reaches 22,050, driven by auto and metals sectors.
Stock Market Nifty Chart Prediction.
Indian benchmark indices recovered losses from the previous session, ending lower, with Nifty around 22,000.
At close, the Sensex gained 104.99 points (0.14%), reaching 72,748.42, while the Nifty climbed 32.40 points (0.15%), closing at 22,055.70.
Top Losers included Tata Consumer Products, UPL, Infosys, Adani Ports and Titan Company.
while Gainers were Tata Steel, M&M, JSW Steel, Tata Motors and Apollo Hospitals.
Sectors capital goods, healthcare, auto, realty, metal, and media witnessed gains ranging from 0.5% to 3% whereas IT and FMCG sectors experienced declines ranging from 0.5%
BSE Midcap and Smallcap indices ended on a flat note.
Stock Prediction for 19th March 2024.
| STOCK | Good Above | Weak Below |
| CIPLA | 1502 | 1482 |
| HDFCBANK | 1463 | 1440 |
| HINDALCO | 535 | 529 |
| HAVELLS | 1502 | 1482 |
Prediction For Tuesday, NIFTY can go up if it goes above 22,500 or down after the level of 22,000 but all depends upon the Global cues.
Despite a weak opening, the Nifty rebounded, closing with a 32-point gain. It maintained support around 22,000 and 21,500, trading within the range of 21,900 to 22,200 for the last three sessions. Until the support holds, positive momentum is expected, with immediate resistance at 22,500 to 23,000 and crucial support at 22,000 to 21,500.
| Highest Call Writing at | 22,500 (60.0 Lakhs) |
| Highest Put Writing at | 22,000 (49.8 Lakhs) |
Nifty Support and Resistance
| Support | 22,000, 21,500 |
| Resistance | 22,500, 23,000 |
Bank Nifty Daily Chart Prediction.
Prediction For Tuesday, Bank NIFTY can go up if it goes above 47,000 or down after the level of 46,000 but it all depends upon the Global cues.
The Bank Nifty ended the day in the red for the seventh consecutive trading session. Despite this, it showed a significant rebound from its intraday lows of 46,022. We foresee a potential recovery and upward movement for the Bank Nifty in the near future. Resistance levels are expected to lie within the range of 47,000 to 48,000, while support is identified between 46,000 & 45,000 on the downside.
| Highest Call Writing at | 47,000 (29.8 Lakhs) |
| Highest Put Writing at | 46,000 (18.4 Lakhs) |
Bank Nifty Support and Resistance
| Support | 46,000, 45,000 |
| Resistance | 47,000, 48,000 |
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