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

Stock Market Prediction for Nifty & Bank Nifty 20 Sep 2023

In Stock markets today Nifty dropped below 20,150 while Sensex declined by 242 points, with gains observed in the auto and PSU banks sectors.

Stock Market Nifty Chart Prediction.

On September 18, benchmark indices experienced a volatile session, resulting in Nifty closing below 20,150, with the Sensex declining by 241.79 points (0.36 percent) to 67,596.84, while Nifty dropped by 59 points (0.29 percent) to 20,133.30; notable movers included Hindalco Industries, Jio Financial, HDFC Bank, Bharti Airtel, and Adani Ports as top losers, whereas Titan Company, M&M, BPCL, HDFC Life, and Power Grid Corporation were among the gainers; PSU Bank index gained 3.4 percent, with power, auto, and FMCG indices up 0.5-0.8 percent, and realty and metal indices declining by 1 percent each, while bank, IT, pharma, and pharma indices were down by 0.5 percent each; furthermore, the BSE midcap index fell by 0.25 percent, and the Smallcap index was down by 0.5 percent

Prediction For Wednesday NIFTY can go up if it goes above 20200 or go down after the level of 20100 but all depend upon the Global cues.

There are good chances of market going in downwards direction as today market was down. It takes support near 20125 and closed near this level. If it goes beyond any level given above it will give a one side move on any side up or down. Nifty gives flat opening, it may move to the level of 20200 or 20000 But all these aspects depend upon the Global cues.

Highest Call Writing at20,200 (72 LK)
Highest Put Writing at20,100 (74 LK)

Nifty Support and Resistance

Support 20125,20100

Bank Nifty Daily Chart Prediction

Prediction For Wednesday Bank NIFTY can go up if it goes above 46150 or go down after the level of 45800 but all depend upon the Global cues.

Today, BANK NIFTY opened gap down in morning but after that there was up move in bank nifty. But most of the time bank nifty was in range. Today bank nifty has again closed in red and closed below its critical level of 46000 which has made bank nifty weak again For Wednesday you can go with the strategy of buy on dip.

Highest Call Writing at46500 (36 Lakhs)
Highest Put Writing at46000 (40 Lakhs)

Bank Nifty Support and Resistance


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