Home » Stock Market Prediction for Nifty & Bank Nifty 23rd April 2024.

Stock Market Prediction for Nifty & Bank Nifty 23rd April 2024.

Stock Market Prediction for Nifty & Bank Nifty 23rd April 2024.

In the Stock Market Today, Nifty climbs past 22,300 and the Sensex gains 560 points, with all sectors witnessing growth.

Stock Market Nifty Chart Prediction.

The picture is of the Nifty Stock Market chart in the daily time frame, through which it will be used to predict the market on Arpil 23, 2024.

The image displays Intraday version of the Nifty Stock Market chart, used for predicting on April 23, 2024.
Zoomed Nifty Chart in Intraday Time Frame.

On April 22, Sensex increased by 560.29 points, reaching 73,648.62, while the Nifty rose by 189.40 points, to 22,336.40. Market activity saw 2,465 shares advancing, -1,148 declining, and 134 remaining unchanged.

Top Nifty gainers: BPCL, Tata Consumer Products, Eicher Motors, L&T and Shriram Finance, 
Top Nifty Losers:  NTPC, HDFC Bank, JSW Steel, IndusInd Bank and Tata Steel.

Every sectoral index finished higher, with increases of 1-3 percent in sectors such as Auto, PSU Bank, Capital Goods, Oil & Gas, FMCG, Healthcare, and Realty.

BSE midcap and smallcap indices each saw gains of 1%.

Stock Prediction for 23rd April 2024
.

Prediction For Tuesday, NIFTY can go up if it goes above 22,400 or down after the level of 22,200 but all depends upon the Global cues.

Nifty started the day with a gap up and remained stable for most of the session. A late rally ensured that Nifty closed with significant gains for the second day in a row. According to the daily charts, the 22,200 – 22,000 range is expected to provide support if there’s a downturn. On the upside, the Nifty is anticipated to extend its rise, potentially reaching between 22,400 and 22,600.

Highest Call Writing at
22,400 (76.2 Lakhs)
Highest Put Writing at
22,200 (1.0 Crore)

Nifty Support and Resistance

Support 22,200, 22,000
Resistance
22,400, 22,600

Bank Nifty Daily Chart Prediction.

The picture is of the Bank Nifty Stock Market chart in the daily time frame, through which it will be used to predict the market on Arpil 23, 2024.

The image displays Intraday version of the Bank Nifty Stock Market chart, used for predicting on April 23, 2024.
Zoomed Bank Nifty Chart in Intraday Time Frame.

Prediction For Tuesday, Bank NIFTY can go up if it goes above 48,300 or down after the level of 47,700 but it all depends upon the Global cues.

Bank Nifty, the upward trend is expected to persist until it reaches the 48,300 to 48,500 range, which aligns with the gap area created on April 15th. The momentum indicators also support the continuation of positive momentum. On the lower side, the essential support zone lies between 47,700 and 47,300.

Highest Call Writing at48,300 (30.7 Lakhs)
Highest Put Writing at47,700 (24.4 Lakhs)

Bank Nifty Support and Resistance

Support47,700, 47,300
Resistance
48,300, 48,500

Click here to learn the Stocks to Watch as Tensions Between Israel and Iran Escalates.

Join our upcoming free Webinar on Understanding Price Action Techniques: A Guide to Effective Trading

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.

Leave a Reply

Your email address will not be published. Required fields are marked *