In the Stock Market Today, Sensex rises by 378 points, with Nifty reaching 24,700; midcap stocks outperform the market.
Stock Market Nifty Chart Prediction.
On August 20, The Sensex increased by 378.18 points closing at 80,802.86, while the Nifty climbed 126.10 points ending at 24,698.80.
Top Nifty gainers: SBI Life Insurance, HDFC Life, Bajaj Finserv, Shriram Finance and IndusInd Bank,
Top Nifty Losers: ONGC, Bharti Airtel, Adani Enterprises, Cipla and Apollo Hospitals.
The market opened stronger, driven by positive global signals, with Nifty hovering around 24,650. As the day advanced, gains continued, but late-hour selling trimmed some of the intraday progress.
BSE midcap index rose 1% while smallcap index added 0.5%
Stock Prediction for 21st August 2024.
| STOCK | Good Above | Weak Below |
| AXISBANK | 1173 | 1156 |
| COALINDIA | 530 | 524 |
| HINDALCO | 676 | 668 |
| LTIM | 5738 | 5680 |
Prediction For Wednesday, NIFTY can go up if it goes above 24,700 or down after the level of 24,200 but it all depends upon the Global cues.
Nifty climbed above 24,700 after holding steady above 24,600. The trend is expected to remain strong if it continues to stay within the 24,600-24,650 range. However, a clear drop below 24,600 could signal a reversal of the current uptrend. On the higher side, Nifty could aim for levels between 24,840 and 24,860. Resistance is expected between 24,700 and 25,000, while support lies in the 24,200-24,500 range.
| Highest Call Writing at | 24,700 (94.0 Lakhs) |
| Highest Put Writing at | 24,200 (58.4 Lakhs) |
Nifty Support and Resistance
| Support | 24,200 and 24,500 |
| Resistance | 24,700 and 25,000. |
Bank Nifty Daily Chart Prediction.
Prediction For Wednesday, Bank NIFTY can go up if it goes above 51,000 or down after the level of 50,200 but it all depends upon the Global cues.
Banknifty is showing a positive trend. If you have long positions, it’s advisable to hold them with a daily closing stoploss set at 50,033. New short positions can be considered if Banknifty closes below the 50,033 mark. The resistance range is between 51,000 and 51,500, while support is found between 50,200 and 49,600.
| Highest Call Writing at | 51,000 (35.7 Lakhs) |
| Highest Put Writing at | 50,200 (34.9 Lakhs) |
Bank Nifty Support and Resistance
| Support | 50,200 and 49,600 |
| Resistance | 51,000 and 51,500 |
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Hi
The levels given in the stock prediction are for cash or futures? If the recommended stock is trading above the given levels should the purchase be initiated immly or wait for sometime for the prices to stable? Much appreciate if you have any help system during market hours to guide when exactly to buy and exit..
Awaiting your response..