In today’s stock market, Nifty rises above 23,500, Sensex gains 239 points; auto and real estate stocks perform well.
Stock Market Nifty Chart Prediction
On November 19, The Sensex was up 239.37 points at 77,578.38, and the Nifty was up 64.70 points at 23,518.50. About 2,197 shares advanced, 1,591 shares declined, and 95 shares remained unchanged.
Top Nifty gainers:M&M, Trent, Tech Mahindra, HDFC Bank and Eicher Motors
Top Nifty Losers: SBI Life Insurance, HDFC Life, Reliance Industries, Tata Consumer and Hindalco.
Among sectors, media, auto, realty, IT, and pharma rose by 0.5 to 2.5 percent, while metal, oil & gas, and PSU banks fell by 0.5 percent each.
BSE Midcap and Smallcap indices up nearly 1 percent each.
Stock Prediction for 21st Nov 2024.
| STOCK | Good Above | Weak Below |
| M&M | 2945 | 2915 |
| MCX | 6084 | 6000 |
| NAVINFLUOR | 3345 | 3300 |
| TECHM | 1702 | 1681 |
Prediction for Thursday NIFTY can go up if it goes above 23,800 or down after the level of 23,300, but it all depends upon the Global cues.
For most of the trading session, the bulls had the upper hand, but a sudden drop (due to geopolitical concerns) in the final hour wiped out much of the earlier gains. The index ended at 23,472.7, up by 64.70 points. Near the 200DMA, the index has formed a DOJI candlestick pattern. Resistance is seen between 23,800 and 24,000, while support is expected in the 23,300 to 23,000 range.
| Highest Call Writing at | 23,800 (1.0 crore) |
| Highest Put Writing at | 23,300 (61.0 Lakhs) |
Nifty Support and Resistance
| Support | 23,300 to 23,000 |
| Resistance | 23,800 and 24,000 |
Bank Nifty Daily Chart Prediction
Prediction For Thursday, Bank NIFTY can go up if it goes above 51,000 or down after the level of 50,000, but it all depends upon the Global cues.
Bank Nifty saw a rise towards 51,000 but experienced a sell-off, closing well below its intraday highs. The weakness is likely to continue, suggesting that the downward pressure on Bank Nifty could persist in the near term. On the upside, resistance is seen between 51,000 and 51,500, while support on the downside is between 50,000 and 49,500.
| Highest Call Writing at | 51,000 (23.3 Lakh) |
| Highest Put Writing at | 50,000 (19.2 Lakh) |
Bank Nifty Support and Resistance
| Support | 50,000 and 49,500 |
| Resistance | 51,000 and 51,500 |
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