In today’s stock market, the Sensex fell by 960 points, and the Nifty ended near 23,950, with IT and banking sectors facing the biggest losses.
Stock Market Nifty Chart Prediction
On December 19, the Sensex was down 964.15 points at 79,218.05, and the Nifty was down 247.15 points at 23,951.70. About 1,470 shares advanced, 2,046 shares declined, and 65 shares remained unchanged.
Top Nifty gainers: Dr Reddy’s, Sun Pharma and Cipla
Top Nifty Losers: Asian paints, Bajaj Finance and Bajaj Finserv
On the sectoral front, all indices ended in the red except pharma.
BSE Midcap indices shed 0.30 percent each.
Stock Prediction for 20th Dec 2024
| STOCK | Good Above | Weak Below |
| BHARTIARTL | 1605 | 1588 |
| BPCL | 296 | 292 |
| EICHERMOT | 4800 | 4750 |
| SUNPHARMA | 1830 | 1806 |
Prediction for Friday NIFTY can go up if it goes above 24,000 or down after the level of 23,800, but it all depends upon the Global cues.
This December, Santa Claus seems to be missing, as frontline indices Nifty and Sensex dropped for the fourth straight session on December 19, losing over three percent this week and wiping out over Rs 10.5 lakh crore of investors’ wealth. Resistance is anticipated between 24,000 and 24,300, with support expected between 23,800 and 23,600.
| Highest Call Writing at | 24,000 (2.1 crore) |
| Highest Put Writing at | 23,800 (1.0 crore) |
Nifty Support and Resistance
| Support | 23,800 and 23,600 |
| Resistance | 24,000 and 24,300 |
Bank Nifty Daily Chart Prediction
Prediction For Friday, Bank NIFTY can go up if it goes above 52,000 or down after the level of 51,200, but it all depends upon the Global cues.
The Indian market faced a broad decline due to a global sell-off triggered by the US Fed’s hawkish stance on interest rates. Interest rate-sensitive sectors like banking and real estate were hit the hardest. Resistance is expected between 52,000 and 52,500, while support is likely between 51,200 and 51,000.
| Highest Call Writing at | 52,000 (41.8 Lakh) |
| Highest Put Writing at | 51,200 (16.8 Lakh) |
Bank Nifty Support and Resistance
| Support | 51,200 and 51,000. |
| Resistance | 52,000 and 52,500 |
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