In the Stock Market Today, Nifty hits 22,600 as Sensex rises 268 points; realty and FMCG sectors each up 1%.
Stock Market Nifty Chart Prediction.
On May 22, Sensex climbed 267.75 points, to reach 74,221.06, while the Nifty gained 68.80 points, closing at 22,597.80.
Top Nifty gainers: Cipla, HUL, Tata Consumer Products, HUL, Coal India and Britannia Industries
Top Nifty Losers: SBI, Hindalco Industries, Shriram Finance, Hero MotoCorp and Apollo Hospitals.
Among sectoral, Realty and FMCG sectors each saw a 1 percent increase, while capital goods, IT, and media sectors each rose by 0.5 percent. Conversely, the bank index fell by 0.5 percent, and the metal index dropped by 0.4 percent.
BSE midcap index closed flat, while the smallcap index rose by 0.2%
Stock Prediction for 23rd May 2024.
| STOCK | Good Above | Weak Below |
| BRITANNIA | 5292 | 5225 |
| ITC | 441 | 436 |
| GODREJPROP | 2836 | 2790 |
| JSWSTEEL | 923 | 908 |
Prediction For Thursday, NIFTY can go up if it goes above 22,700 or down after the level of 22,500 but all depends upon the Global cues.
Nifty maintains its bullish trend, with support at 22,500. The index is advancing within an upward channel, and this strength is expected to continue as long as it remains above 22,500. On the upside, resistance is noted between 22,700 and 22,800, while the support zone ranges from 22,500 to 22,300.
| Highest Call Writing at | 22,700 (59.9 Lakhs) |
| Highest Put Writing at | 22,500 (80.3 Lakhs) |
Nifty Support and Resistance
| Support | 22,500, 22,300 |
| Resistance | 22,700, 22,800 |
Bank Nifty Daily Chart Prediction.
Prediction For Thursday, Bank NIFTY can go up if it goes above 48,000 or down after the level of 47,800 but it all depends upon the Global cues.
Bank Nifty was trading at 47,781.95, down 0.55%. Today, it fluctuated between 48,114.05 and 47,435.25. By the end of the day, Bank Nifty closed at 48,048.2, marking a 0.32% decline from its previous close. Resistance is seen between 48,000 and 48,300, with support ranging from 47,800 to 47,500.
| Highest Call Writing at | 48,000 (1.1 Crore) |
| Highest Put Writing at | 47,800 (54.5 Lakhs) |
Bank Nifty Support and Resistance
| Support | 47,800, 47,500 |
| Resistance | 48,000, 48,300 |
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