Home » Stock Market Prediction for Nifty & Bank Nifty 20th Sept 2024.

Stock Market Prediction for Nifty & Bank Nifty 20th Sept 2024.

This image is about prediction for 20th sept 2024

In the stock market today, Nifty closed near 25,400, and Sensex gained 237 points. Banking and FMCG did well, while telecom underperformed.

Stock Market Nifty Chart Prediction.

The picture is of the Nifty Stock Market chart in the daily time frame, through which it will be used to predict the market on Sept 20, 2024.

The image displays Intraday version of the Nifty Stock Market chart, used for predicting on Sept 20, 2024
Zoomed Nifty Chart in Intraday Time Frame.

On September 19, the Sensex rose by 236.57 points to reach 83,184.80, while the Nifty increased by 38.25 points to hit 25,415.80.

Top Nifty gainers: NTPC, Nestle India, Titan Company, Kotak Mahindra Bank, Tata Consumer Products
Top Nifty Losers: BPCL, Coal India, ONGC, Adani Ports and Shriram Finance.

Auto, banking, real estate, and FMCG rose 0.5%, while capital goods, IT, pharma, oil & gas, media, metals, and telecom dropped 0.5% to 3.5%.

BSE Midcap index is down 0.4 percent and Smallcap indices are down 1 percent.

Stock Prediction for 20th Sept 2024
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Prediction For Friday, NIFTY can go up if it goes above 25,700 or down after the level of 25,300, but it all depends upon the Global cues.

After a 50 basis point rate cut by the FOMC, Indian stocks opened strong at 25,500. The index has formed a Shooting Star pattern, indicating a possible bearish divergence in the RSI. Critical support levels are maintained between 25,300 -25,000, while resistance is seen in the 25,700 and 25,900 range.

Highest Call Writing at
25,700 (1.8 Cr)
Highest Put Writing at
25,300 (91 Lakhs)

Nifty Support and Resistance

Support 25,300-25,000
Resistance
25,700-25,900

Bank Nifty Daily Chart Prediction.

The picture is of the Bank Nifty Stock Market chart in the daily time frame, through which it will be used to predict the market on Sept 20, 2024.

Prediction For Friday, Bank NIFTY can go up if it goes above 53,500 or down after the level of 52,800 but it all depends upon the Global cues.

Banknifty is showing a positive trend at the moment. Even though the market closed lower, the Bank Nifty stayed strong and formed a green candle. Resistance is located between 53,500 and 53,000, while support is found in the 52,800 to 52,000 range.

Highest Call Writing at53,500 (20.9 Lakhs)
Highest Put Writing at52,800 (20.8 Lakhs)

Bank Nifty Support and Resistance

Support52,800 to 52,000
Resistance
53,500 and 53,000

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