In the stock market today, Sensex remains steady, while Nifty finishes below 24,800 due to market fluctuations; mid & small-cap stocks pull down the indices.
Stock Market Nifty Chart Prediction.
On October 21, The Sensex decreased by 73.48 points, or 0.09 percent, closing at 81,151.27, while the Nifty fell by 112.50 points, or 0.45 percent, ending at 24,741.50.
Top Nifty gainers: HDFC Bank, Bajaj Auto, Asian Paints, M&M and Eicher Motors,
Top Nifty Losers: Tata Consumer Products, Kotak Mahindra Bank, BPCL, IndusInd Bank, Bajaj Finserv.
All sectoral indices, except for auto, finished lower, with declines of 1-3 percent in FMCG, metals, capital goods, power, real estate, IT, oil and gas, and media.
BSE smallcap and smallcap indices shed 1.5% each.
Stock Prediction for 22nd Oct 2024.
| STOCK | Good Above | Weak Below |
| APOLLOTYRE | 512 | 506 |
| HDFCBANK | 1732 | 1710 |
| OBEROIRLTY | 2004 | 1980 |
| RELIANCE | 2750 | 2720 |
Prediction for Tuesday NIFTY can go up if it goes above 25,000 or down after the level of 24,700, but it all depends upon the Global cues.
Nifty started with a gap up but quickly reversed course, closing down by 73 points. Selling pressure emerged around the 25,000 mark, and the 20-week average (24,730), which held firm last week, is being tested once more. This has created a standoff between bulls and bears, resulting in increased volatility. Resistance is noted at 25,000-25,500, while support lies at 24,700-24,500.
| Highest Call Writing at | 25,000 (81.1 Lakh) |
| Highest Put Writing at | 24,700 (50.8 Lakh) |
Nifty Support and Resistance
| Support | 24,700 to 24,500 |
| Resistance | 25,000 to 25,500 |
Bank Nifty Daily Chart Prediction.
Prediction For Tuesday, 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.
Bank Nifty opened significantly higher but struggled to maintain those elevated levels, ending the day down by 132 points. The failure to hold onto gains indicates a lack of strength, suggesting further consolidation before any substantial upward movement. The immediate resistance zone is between 52,500 and 53,000, while key support is found at 51,500 to 51,000.
| Highest Call Writing at | 52,500 (36.8 Lakhs) |
| Highest Put Writing at | 51,500 (25.9 Lakhs) |
Bank Nifty Support and Resistance
| Support | 51,500 to 51,000 |
| Resistance | 52,500 to 53,000 |
Power of Algorithms in Options Trading, Try Spider Now: Register Now
If you’d like to know how we analyze the market and provide accurate levels every day. then click on the Free Demo button below and change your trading life for good. 5X returns are possible in options trading If you have Spider Software in your trading system.
Disclaimer: The information provided in this Blog is for educational purposes only and should not be construed as financial advice. Trading in the stock market involves a significant level of risk and can result in both profits and losses. Spider Software & Team does not guarantee any specific outcome or profit from the use of the information provided in this Blog. It is the sole responsibility of the viewer to evaluate their own financial situation and to make their own decisions regarding any investments or trading strategies based on their individual financial goals, risk tolerance, and investment objectives. Spider Software & Team shall not be liable for any loss or damage, including without limitation any indirect, special, incidental or consequential loss or damage, arising from or in connection with the use of this blog or any information contained herein. 
Thank you for the information about nifty and bank