Nifty climbed above 24,800 today, with the Sensex up 300 points, driven by strong performances in the metal and banking sectors.
Stock Market Nifty Chart Prediction.
On October 18, Sensex rose by 218.14 points to 81,224.75, while the Nifty increased by 104.20 points to 24,854. Overall, 1,833 shares advanced, 1,928 declined, and 106 remained unchanged.
Top Nifty gainers: Axis Bank, Wipro, Eicher Motors, ICICI Bank, Shriram Finance
Top Nifty Losers: Infosys, Britannia Industries, Nestle India, HUL and Asian Paints.
Among the sectors, both banking and metal indices rose over 1%, while the IT index fell more than 1% and the FMCG index declined by 0.5%.
BSE smallcap indices ended in the red, while Midcap index ended marginally higher.
Stock Prediction for 21st Oct 2024.
| STOCK | Good Above | Weak Below |
| BATAINDIA | 1465 | 1444 |
| HDFCLIFE | 750 | 740 |
| ICICIBANK | 1278 | 1260 |
| SUNPHARMA | 1914 | 1890 |
Prediction for Monday NIFTY can go up if it goes above 25,000 or down after the level of 24,500, but it all depends upon the Global cues.
Markets reversed a three-day decline as investors engaged in value buying of banking, metal, and real estate stocks, which had recently experienced significant drops. We expect the upward momentum to continue in the coming sessions, with targets set in the 25,000 to 25,200 range. Support has shifted higher to the 24,500 to 24,000 levels.
| Highest Call Writing at | 25,000 (53.5 Lakh) |
| Highest Put Writing at | 24,500 (37.5 Lakh) |
Nifty Support and Resistance
| Support | 24,500 to 24,000 |
| Resistance | 25,000 to 25,200 |
Bank Nifty Daily Chart Prediction.
Prediction For Monday, Bank NIFTY can go up if it goes above 52,500 or down after the level of 51,000, but it all depends upon the Global cues.
The Bank Nifty has demonstrated relative strength, remaining above key hourly moving averages and trending upward. It began the session lower but closed with a positive green candle. Support is established in the 51,000 to 50,750 range, while resistance is observed between 52,500 and 53,000.
| Highest Call Writing at | 52,500 (27.5 Lakhs) |
| Highest Put Writing at | 51,000 (25.7 Lakhs) |
Bank Nifty Support and Resistance
| Support | 51,000 to 50,750 |
| Resistance | 52,500 and 53,000 |
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