In Stock Market Today, Nifty surpassing 22,100, with Sensex rose by +282 points driven by gains in the power, FMCG, and banking sectors.
Stock Market Nifty Chart Prediction.
Indian equity indices closed higher on February 19, with Nifty achieving a new all-time high.
The Sensex ended the day up by +281.52 points, or +0.39 percent, at 72,708.16, while the Nifty rose by +81.60 points, or +0.37 percent, to 22,122.30.
Grasim Industries, Bajaj Finserv, Bajaj Auto, ICICI Bank, and Cipla were among the top gainers on the Nifty,
while Coal India, SBI Life Insurance, L&T, Wipro, and HDFC Life were the top losers.
Capital goods, IT, metal, and realty sectors ended lower, while
auto, bank, FMCG, healthcare, oil & gas, and power sectors saw gains of +0.3 – +1 percent.
The BSE Midcap index added +0.3 percent, and the Smallcap index rose by +0.7 percent.
Stock Prediction for 20th February 2024.
| STOCK | Good Above | Weak Below |
| HAVELLS | 1410 | 1390 |
| PIDILITIND | 2730 | 2704 |
| SIEMENS | 4422 | 4388 |
| TATACONSUM | 1160 | 1140 |
Prediction For Tuesday, NIFTY can go up if it goes above 22600 or down after the level of 22000 but all depends upon the Global cues.
With the start of a new week, Nifty has exceeded expectations, indicating a rise in market optimism. The prevailing outlook suggests that Nifty may experience a possible uptrend towards 22,600-23,000 in the near future. Crucial support levels lie at 22,000 – 21,670.
| Highest Call Writing at | 22,600 (56.3 Lakhs) |
| Highest Put Writing at | 22,000 (78.1 Lakhs) |
Nifty Support and Resistance
| Support | 22,000, 21,670 |
| Resistance | 22,600, 23,000 |
Bank Nifty Daily Chart Prediction.
Prediction For Tuesday, Bank NIFTY can go up if it goes above 47000 or down after the level of 46000 but it all depends upon the Global cues.
A doji candle emerged on the daily chart of the Nifty Bank index, indicating uncertainty among investors. However, the general sentiment remains optimistic. The next resistance level is at 47000, and a breakthrough could lead to a rise towards the 49,000 mark. On the flip side, immediate support is at 46000.
| Highest Call Writing at | 47,000 (24.4 Lakhs) |
| Highest Put Writing at | 46,000 (30.3 Lakhs) |
Bank Nifty Support and Resistance
| Support | 46,000, 44,000 |
| Resistance | 47,000, 49,000 |
Also, check our Article on How to Find Top Stocks for Your Portfolio.
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