In today’s stock market, Bulls return as Sensex rises 499 points & Nifty hits 23,750, led by gains in metal, realty, and financial stocks.
Stock Market Nifty Chart Prediction
On December 23, Sensex rose by 498.58 points, to reach 78,540.17, while the Nifty gained 165.95 points, closing at 23,753.45. Advancing shares numbered 1,565, decliners stood at -2,348, & 134 shares remained unchanged.
Top Nifty gainers: JSW Steel, ITC, Hindalco Industries, IndusInd Bank and Trent,
Top Nifty Losers: Hero MotoCorp, Maruti Suzuki, Nestle India, HCL Technologies, Bajaj Finserv.
While sectors such as banking, FMCG, metal, oil & gas, energy, and realty rose by 0.5-1%, the media index slipped by 0.4%.
The BSE midcap index was up marginally, while smallcap index was down 0.6%.
Stock Prediction for 24th Dec 2024
| STOCK | Good Above | Weak Below |
| ICICIBANK | 1305 | 1290 |
| OBEROIRLTY | 2280 | 2256 |
| RELIANCE | 1230 | 1218 |
| TITAN | 3400 | 3364 |
Prediction for Tuesday NIFTY can go up if it goes above 24,000 or down after the level of 23,500, but it all depends upon the Global cues.
NIFTY is currently trending negatively. If you have short positions, continue holding them with a daily closing stoploss at 24,112. A significant and sustained move above the 24,000-24,500 range will signal a potential trend reversal. On the downside, the support level remains at 23,500-23000.
| Highest Call Writing at | 24,000 (1.2 crore) |
| Highest Put Writing at | 23,500 (1.0 Crore) |
Nifty Support and Resistance
| Support | 23,500 and 23,000 |
| Resistance | 24,000 and 24,500 |
Bank Nifty Daily Chart Prediction
Prediction For Tuesday, Bank NIFTY can go up if it goes above 51,000 or down after the level of 50,500, but it all depends upon the Global cues.
Banknifty is presently in a downward trend. If you’re holding short positions, maintain them with a daily closing stoploss of 51,869. The resistance is between 51,500 and 52,000, while support lies in the 51,000-50,000 range.
| Highest Call Writing at | 51,500 (32.8 Lakh) |
| Highest Put Writing at | 51,000 (25.0 Lakh) |
Bank Nifty Support and Resistance
| Support | 51,000 and 50,000 |
| Resistance | 51,500 and 52,000 |
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