In Stock Market Today, Nifty jumped past 22,200, Sensex surges by +535 points; IT, auto, and metals sectors showed strength.
Stock Market Nifty Chart Prediction.
In a session marked by volatility, Indian benchmark indices closed positively, with Nifty surpassing 22,200.
At the closing bell, Nifty rose by +162.50 points or +0.74 percent to 22,217.50; while Sensex surged by +535.15 points or +0.74 percent to reach 73,158.24
.Top Gainers of Nifty were Bajaj Auto, HCL Technologies, Eicher Motors, ITC, and Coal India , while IndusInd Bank, HDFC Bank, BPCL, Kotak Mahindra Bank, and Hero MotoCorp were Top Losers.
Across sectors, Auto, Capital Goods, Metal, Power, Information Technologies, and Telecom each gained +1 percent.
However, the bank index saw a marginal decline.
BSE Midcap witnessed a +1 percent increase, while the Smallcap index rose by +0.5 percent.
Stock Prediction for 23rd February 2024.
| STOCK | Good Above | Weak Below |
| AARTIIND | 690 | 683 |
| HAVELLS | 1435 | 1416 |
| HINDPETRO | 541 | 535 |
| SBICARD | 743 | 736 |
Prediction For Friday, NIFTY can go up if it goes above 22250 or down after the level of 22200 but all depends upon the Global cues.
Amid the weekly expiry of Nifty options, market volatility persisted. A bullish crossover was noted on the momentum indicator.
Overall sentiment has shifted positively, suggesting potential upward movement towards 22,250-22,500 in the short term, encountering resistance. Support is established at 22,200-22,000 on the downside.
| Highest Call Writing at | 22,250 (2.0 Crores) |
| Highest Put Writing at | 22,200 (1.3 Crores) |
Nifty Support and Resistance
| Support | 22,200, 22,000 |
| Resistance | 22,250, 22,500 |
Bank Nifty Daily Chart Prediction.
Prediction For Friday, Bank NIFTY can go up if it goes above 47000 or down after the level of 46310 but it all depends upon the Global cues.
Bullish momentum returned for Bank Nifty, sparking a strong bounce back from lower levels. A bullish candlestick pattern on the daily chart indicates potential for further gains toward 47000-47500. Strong support lies at 46310-46,180.
| Highest Call Writing at | 47,000 (23.8 Lakhs) |
| Highest Put Writing at | 46,310 (18.9 Lakhs) |
Bank Nifty Support and Resistance
| Support | 46,310, 46,180 |
| Resistance | 47,000, 47,500 |
Also, learn what a Shooting Star Candlestick Pattern indicates.
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