In Stock market today experienced a decline with the Sensex falling 188 points, Nifty dropping below 19,750, and banks underperforming.
Stock Market Nifty Chart Prediction.
The banking stocks faced a setback as the RBI increased risk weights for unsecured loans, causing a brief disruption in the broader indices’ recovery; however, an optimistic undertone persists, supported by a strong earnings season conclusion. The market is currently anticipating eurozone inflation data, with expectations of a softening trend, while a significant decline in oil prices and the moderation of US yield are anticipated to contribute to the short-term buoyancy of the market.
Prediction For Monday NIFTY can go up if it goes above 19800 or go down after the level of 19675 but all depend upon the Global cues.
There are good chances of market going down as today market opened gap down and after that it goes up and was mostly in range to close in that range. If it goes beyond any level given above it will give a one side move on any side up or down. If Nifty gives flat opening, it may move to the level of 19800 or 19675 But all these aspects depend upon the Global cues.
| Highest Call Writing at | 19800 (1.0 crores) |
| Highest Put Writing at | 19700 (82.6 lakhs) |
Nifty Support and Resistance
| Support | 19700,19675 |
| Resistance | 19800,19875 |
Bank Nifty Daily Chart Prediction
Prediction For Monday Bank NIFTY can go up if it goes above 43800 or go down after the level of 44500 but all depend upon the Global cues.
Today, BANK NIFTY opened gap down in morning but after that it was in range and in afternoon there was more pressure. Today bank nifty has closed in red and closed below its critical level of 43600 which has made bank nifty weak again For Monday. you can go with the strategy of sell on rise.
| Highest Call Writing at | 43800 (49.9 Lakhs) |
| Highest Put Writing at | 43000 (35.7 Lakhs) |
Bank Nifty Support and Resistance
| Support | 43500,43250 |
| Resistance | 43800,44000 |
Also, check our Article on Spinning Top Candlestick Pattern
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