In the Stock Market Today, Nifty exceeds 23,550, while Sensex climbs 141 points. Metals sector outperforms the rest.
Stock Market Nifty Chart Prediction.
On June 20, Sensex rose by 141.34 points, or 0.18%, to 77,478.93, while the Nifty climbed 51 points, or 0.22%, to 23,567. Approximately 2,068 shares advanced, 1,304 shares fell, and 83 shares remained unchanged.
Top Nifty gainers: Grasim Industries, Hindalco Industries, JSW Steel, Adani Ports and BPCL
Top Nifty Losers: Hero MotoCorp, Sun Pharma, M&M, NTPC and Wipro.
Auto, pharma, and PSU banks experienced selling pressure, whereas the metal, capital goods, realty, and oil & gas sectors saw buying activity.
BSE midcap index rose 0.5% while smallcap index added 1%
Stock Prediction for 21th June 2024.
| STOCK | Good Above | Weak Below |
| DABUR | 606 | 600 |
| IGL | 478 | 473 |
| INDUSINDBK | 1064 | 1051 |
| JINDALSTEL | 1540 | 1521 |
Prediction For Friday, NIFTY can go up if it goes above 23,600 or down after the level of 23,500 but it all depends upon the Global cues.
After displaying minor weakness following Wednesday’s new highs, the Nifty rebounded on Thursday with range-bound action, closing the day up by 51 points. Opening on a positive note, the Nifty experienced minor fluctuations shortly after. It then gradually gained momentum within a narrow range. The near-term uptrend with range-bound movement persisted, and we anticipate this pattern to continue in the upcoming sessions. Resistance levels are expected between 23,600-24,000, with support at 23,500-23,300.
| Highest Call Writing at | 23,600 (1.5 Crore) |
| Highest Put Writing at | 23,500 (1.6 Crore) |
Nifty Support and Resistance
| Support | 23,500 – 23,300 |
| Resistance | 23,600 – 24,000 |
Bank Nifty Daily Chart Prediction.
Prediction For Friday, Bank NIFTY can go up if it goes above 51,900 or down after the level of 51,000 but it all depends upon the Global cues.
Bank Nifty is presently in an upward trend. If you have long positions, it is advisable to maintain them with a daily closing stop loss at 50,640. The resistance level on the upside is between 51,900-52,500, while the support level on the downside is between 51,000-50,500.
| Highest Call Writing at | 51,900 (26.8 Lakhs) |
| Highest Put Writing at | 51,000 (25.7 Lakhs) |
Bank Nifty Support and Resistance
| Support | 51,000 – 50,500 |
| Resistance | 51,900 – 52,500 |
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