Home ยป Stock Market Prediction for Nifty & Bank Nifty 19th Nov 2024

Stock Market Prediction for Nifty & Bank Nifty 19th Nov 2024

This image is about stock marke prediction for 19nov 2024

In today’s stock market, Sensex drops 250 points near closing, Nifty at 23,450; TCS, Infosys, and Trent lead the losses.

Stock Market Nifty Chart Prediction

On November 18, The Sensex was down 241 points at 77,339, and the Nifty dropped 79 points to 23,454. Of the shares traded, 1,560 advanced, 2,361 declined, and 124 remained unchanged.

Top Nifty gainers: Hindalco, Hero MotoCorp, Tata Steel, HUL, and M&M
Top Nifty Losers: BPCL, TCS, Infosys, Trent, NTPC and Dr Reddy’s Labs 

Sector-wise, IT, healthcare, and energy fell 0.8-2.3%, while metal, banking, and auto gained 0.4-2%.

BSE Midcap index fell 0.2 percent and the BSE Smallcap index was down by 0.7 percent.

Stock Prediction for 19th Nov 2024
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Prediction for Tuesday NIFTY can go up if it goes above 23,700 or down after the level of 23,250, but it all depends upon the Global cues.

Market sentiment remained subdued, weighed down by concerns over a potential slowdown in US Fed rate cuts, disappointing Q2 earnings, continued foreign outflows, and elevated valuations, leaving investors on edge. The Nifty extended its losing streak to seven sessions, its longest since February 2023, with sharp sell-offs in IT and energy stocks. Resistance is seen between 23,700-23,900, while support lies at 23,250-23,000.

Highest Call Writing at
23,700 (88.9 Lakhs)
Highest Put Writing at
23,250 (65.1 Lakhs)

Nifty Support and Resistance

Support 23,250-23,000
Resistance
23,700-23,900

Bank Nifty Daily Chart Prediction

Prediction For Tuesday, Bank NIFTY can go up if it goes above 50,500 or down after the level of 49,500, but it all depends upon the Global cues.

The Bank Nifty is currently trending lower as Indian equity markets face sustained fund outflows for over a month. Rising US bond yields and local earnings falling short of expectations are contributing to investor uncertainty. On the upside, resistance is seen around 50,500-51,000, while support on the downside is between 49,500-49,000.

Highest Call Writing at 50,500 (22.1 Lakh)
Highest Put Writing at49,500 (19.3 Lakh)

Bank Nifty Support and Resistance

Support 49,500-49,000
Resistance
50,500-51,000

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