Home » Stock Market Prediction for Nifty & Bank Nifty 20 July 2023

Stock Market Prediction for Nifty & Bank Nifty 20 July 2023

The image is the feature image of Stock Market Today and Prediction for 20th July 2023.

In Stock market today, Nifty hit all-time high marks both Nifty and Bank Nifty  ended in Green.

Stock Market Nifty Chart Prediction.

The image shows the Nifty Chart on the Daily Time Frame, predicting the Stock Market for 20th July 2023.

On Wednesday, the domestic stock market indices opened in positive territory and reached new all-time highs, despite global market trends being relatively subdued. The NSE Nifty 50 gained 70.65 points or 0.36%, closing at 19,819.90, while the BSE Sensex surged 203.34 points or 0.30% to reach 66,998.48.

Among the sectoral indices, Bank Nifty saw a rise of 154.80 points or 0.34% to 45,565.65, Nifty IT experienced a 0.51% increase, but Nifty Auto declined by 0.25%.

Some of the top gainers on the Nifty 50 were NTPC, IndusInd Bank, Infosys, Apollo Hospitals, and Wipro. Conversely, the losers included Maruti Suzuki, Cipla, HeroMotocorp, HDFC Life, and Eicher Motors.

For Thursday  NIFTY can open flat to slight green but all depend upon the Global cues.

There are good chances of flat to slight Gap up opening for Thursday as NIFTY has hit an All-Time High Record today and momentum can continue till the level of 20000. If Nifty gives a Gap Up opening, it may move to its new All-Time High Record. But all these aspects depend upon the Global cues.

For Thursday resistance will be 19900 and then 20000 where else support will come at the level of 19700 

Bank Nifty Daily Chart Prediction

The image shows the Bank Nifty Chart on the Daily Time Frame, predicting the Stock Market for 20th July 2023.

Today, BANK NIFTY was more strong as compared to nifty it was mostly range Bound but highly volatile. Today bank nifty has closed above its critical level of 45650 which has made bank nifty strong again as compared to nifty.  For tomorrow you can go with the strategy of buy on dip.

Thursday Bank nifty resistance will be 45900 and 46000 where else support will be 45500

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