In today’s stock market, Sensex drops 1,160 points, Nifty at 23,600; Realty index falls 4%, reflecting market weakness.
Stock Market Nifty Chart Prediction
On December 20, Sensex was down 1,176.46 points at 78,041.59, and the Nifty was down 364.2 points at 23,587.50. About 963 shares advanced, 2,859 shares declined, and 95 shares remained unchanged.
Top Nifty gainers: Dr Reddy’s Labs, Nestle India, HDFC Life, ICICI Bank.
Top Nifty Losers: Trent, Tech Mahindra, M&M, IndusInd Bank, Axis Bank
All sectoral indices ended in the red, with the Realty index shedding 4 points. Auto, IT, Capital Goods, Metal, Telecom, and PSU Bank indices were down by 2 points each.
The BSE midcap and smallcap indices shed over 2 percent each.
Stock Prediction for 23rd Dec 2024
| STOCK | Good Above | Weak Below |
| APOLLOTYRE | 535 | 529 |
| GLENMARK | 1555 | 1540 |
| ICICIGI | 1914 | 1892 |
| UBL | 2045 | 2025 |
Prediction for Monday NIFTY can go up if it goes above 24,200 or down after the level of 23,500, but it all depends upon the Global cues.
The market recorded its biggest weekly fall in over two years, with BSE-listed companies erasing a market cap of Rs 19 lakh crore this week. PSU Bank, PSU, and Metal sectors were the top losers, each down by 6%. Resistance is expected between 24,200 and 24,400, while support is anticipated between 23,500 and 23,000.
| Highest Call Writing at | 24,200 (1.4 crore) |
| Highest Put Writing at | 23,500 (67.6 Lakh) |
Nifty Support and Resistance
| Support | 23,500 and 23,000 |
| Resistance | 24,200 and 24,400 |
Bank Nifty Daily Chart Prediction
Prediction For Monday, Bank NIFTY can go up if it goes above 51,750 or down after the level of 50,500, but it all depends upon the Global cues.
Nervousness continued to grip investors, causing a widespread sell-off as the dollar’s strength against the rupee prompted foreign investors to exit local equities and shift to safe-haven dollar assets. Resistance is expected between 51,750 and 52,000, with support likely between 50,500 and 50,000.
| Highest Call Writing at | 51,750 (37.9 Lakh) |
| Highest Put Writing at | 50,500 (16.7 Lakh) |
Bank Nifty Support and Resistance
| Support | 50,500 and 50,000 |
| Resistance | 51,750 and 52,000 |
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