In Stock markets today bears continue to dominate the Indian stock market as the Sensex plunges by 796 points, pushing the Nifty below the 19,900 mark.
Stock Market Nifty Chart Prediction.
Indian equity indices extended their losses for the second consecutive session on September 20, with the Nifty dipping below 19,900 amid widespread selling, except for power stocks, as the Sensex declined by 796 points or 1.18 percent to 66,800.84, and the Nifty fell by 231.90 points or 1.15 percent to 19,901.40, leading to a loss of Rs 2.25 lakh crore in investors’ wealth as the market capitalization of BSE-listed companies decreased from Rs 323 lakh crore to Rs 320.75 lakh crore compared to the previous session.
Prediction For Thursday NIFTY can go up if it goes above 20000 or go down after the level of 19850 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 19900 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 20000 or 19800 But all these aspects depend upon the Global cues.
| Highest Call Writing at | 20,000 (1.8 CR) |
| Highest Put Writing at | 19,900 (82 LK) |
Nifty Support and Resistance
| Support | 19850,19800 |
| Resistance | 20000,20100 |
Bank Nifty Daily Chart Prediction
Prediction For Thursday Bank NIFTY can go up if it goes above 45700 or go down after the level of 45250 but all depend upon the Global cues.
Today, BANK NIFTY opened gap down in morning but after that there was more down move in bank nifty. But most of the time bank nifty was in down. Today bank nifty has again closed in red and closed below its critical level of 45500 which has made bank nifty weak again For Wednesday you can go with the strategy of sell on rise.
| Highest Call Writing at | 45400 (64 Lakhs) |
| Highest Put Writing at | 45400 (62 Lakhs) |
Bank Nifty Support and Resistance
| Support | 45250,45000 |
| Resistance | 45700,46000 |
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