The Nifty dropped below 23,400, and the Sensex fell 443 points as Adani stocks declined following bribery allegations.
Stock Market Nifty Chart Prediction
On November 21, the Sensex was down 422.59 points at 77,155.79, and the Nifty was down 168.60 points at 23,349.90. About 1180 shares advanced, 2614 shares declined, and 89 shares were unchanged.
Top Nifty gainers: Adani Enterprises, Adani Ports, SBI Life Insurance, NTPC and SBI
Top Nifty Losers: Power Grid Corp, UltraTech Cement, Hindalco Industries, HCL Tech and Grasim Industries.
Sector-wise, Energy, FMCG, Oil & Gas, PSU Bank, Media, Auto, and Metal fell 1-2%, while Realty rose 1% and IT gained 0.5%.
BSE Midcap index down 0.3 percent and smallcap index down 0.6 percent.
Stock Prediction for 22nd Nov 2024.
| STOCK | Good Above | Weak Below |
| GRASIM | 2550 | 2525 |
| HCLTECH | 1850 | 1826 |
| POWERGRID | 328 | 324 |
| UNITDSPR | 1501 | 1482 |
Prediction for Friday NIFTY can go up if it goes above 23,400 or down after the level of 23,300, but it all depends upon the Global cues.
The return of the Adani saga negatively impacted Indian markets in today’s trade. Initially, a sharp decline was observed in the opening session. Subsequently, the market experienced a range-bound movement throughout the day. As a result, the index ended at 23,349.90. Resistance is seen between 23,400 and 23,750, while support is expected in the 23,300 to 23,000 range.
| Highest Call Writing at | 23,400 (2.4 crore) |
| Highest Put Writing at | 23,300 (3.3 crore) |
Nifty Support and Resistance
| Support | 23,400 and 23,750 |
| Resistance | 23,300 to 23,000 |
Bank Nifty Daily Chart Prediction
Prediction For Friday, Bank NIFTY can go up if it goes above 50,500 or down after the level of 49,500, but it all depends upon the Global cues.
Bank Nifty climbed towards 50,600 but faced a sell-off, closing well below its intraday highs. The weakness is expected to persist, indicating continued downward pressure on Bank Nifty in the near term. Resistance is seen between 50,500 and 51,000, while support lies between 49,500 and 49,000.
| Highest Call Writing at | 50,500 (24.9 Lakh) |
| Highest Put Writing at | 49,500 (24.5 Lakh) |
Bank Nifty Support and Resistance
| Support | 49,500 and 49,000 |
| Resistance | 50,500 and 51,000 |
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