In the Stock Market Today, Sensex drops 79.43 points; Nifty ends below 24,509. There has been a decline in the media, banking, IT, real estate, and FMCG sectors.
Stock Market Nifty Chart Prediction.
On July 22, the day before the budget, the Sensex fell by 79.43 points to 80,525.22, and the Nifty dropped by 21.60 points to 24,509.30. Out of the shares traded, 1953 advanced, 1575 declined, and 116 remained unchanged..
Top Nifty gainers: Wipro, Kotak Mahindra Bank, Reliance Industries, ITC and SBI Life Insurance
Top Nifty Losers: Grasim Industries, HDFC Bank, Dr Reddy’s Labs, Tata Consumer and Infosys.
The BSE midcap index added 1.3 percent and the smallcap index rose 0.8 percent.
Stock Prediction for 23rd July 2024.
| STOCK | Good Above | Weak Below |
| BALKRISIND | 3164 | 3135 |
| BPCL | 311 | 306 |
| CHOLAFIN | 1425 | 1400 |
| SUNPHARMA | 1600 | 1575 |
Prediction For Tuesday, NIFTY can go up if it goes above 25,000 or down after the level of 24,300 but it all depends upon the Global cues.
NIFTY formed a doji-like pattern after rebounding from early morning weakness but still closed slightly negative. The Union Budget presentation on July 23 is expected to cause significant intraday volatility. Resistance is projected at 25,000-25,500, while support is estimated at 24,300-24,000.
| Highest Call Writing at | 25,000 (86.8 Lakhs) |
| Highest Put Writing at | 24,300 (67.9 Lakhs) |
Nifty Support and Resistance
| Support | 24,300-24,000 |
| Resistance | 25,000- 25,500 |
Bank Nifty Daily Chart Prediction.
Prediction For Tuesday, Bank NIFTY can go up if it goes above 52,800 or down after the level of 52,000 but it all depends upon the Global cues.
Bank NIFTY is currently trending negatively. If you have short positions, it is advisable to maintain them with a daily closing stop-loss at 52,745. The resistance levels are at 52,800-53,500, and the support levels are at 52,000-51,000.
| Highest Call Writing at | 52,800 (17.1 Lakhs) |
| Highest Put Writing at | 52,000 (9.7 Lakhs) |
Bank Nifty Support and Resistance
| Support | 52,000-51,000 |
| Resistance | 52,800-53,500 |
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