In the Stock Market Today, Sensex drops by 269 points, Nifty stands at 23,500; IT sees gains, while FMCG & PSU Banks decline.
Stock Market Nifty Chart Prediction.
On June 21, Sensex fell by 269.03 points, closing at 77,209.90, while the Nifty decreased by 65.90 points, to 23,501.10. Out of the total shares, 1,611 advanced, -1,750 declined, and 85 remained unchanged.
Top Nifty gainers: Bharti Airtel, LTIMindtree, Adani Ports, Hindalco and Infosys
Top Nifty Losers: Adani Enterprises, UltraTech Cement, BPCL, Tata Motors and Tata Consumer Products.
In sectoral performance, IT, metal, media, and telecom sectors rose by 0.5-1%, whereas auto, FMCG, PSU banks, and realty sectors fell by 0.5-1%.
BSE midcap index was down 0.3% while smallcap index ended flat
Stock Prediction for 24th June 2024.
| STOCK | Good Above | Weak Below |
| DABUR | 606 | 600 |
| IGL | 478 | 473 |
| INDUSINDBK | 1064 | 1051 |
| JINDALSTEL | 1540 | 1521 |
Prediction For Monday, NIFTY can go up if it goes above 24,000 or down after the level of 23,400 but it all depends upon the Global cues.
Nifty has been fluctuating between 23,300 and 23,600, showing market indecision and suggesting a highly volatile monthly expiry. A clear breakout above 23,600 could push the index towards 24,000 in the near term, while failing to stay above 23,300 might cause market panic. If Nifty drops below 23,300, it may decline to 22,750 in the short term. Resistance is identified at 24,000-25,000, and support is noted at 23,400-23,000.
| Highest Call Writing at | 24,000 (1.1 Crore) |
| Highest Put Writing at | 23,400 (96.7 Lakhs) |
Nifty Support and Resistance
| Support | 23,400 – 23,000 |
| Resistance | 24,000 – 25,000 |
Bank Nifty Daily Chart Prediction.
Prediction For Monday, Bank NIFTY can go up if it goes above 52,000 or down after the level of 51,000 but it all depends upon the Global cues.
BankNifty index experienced a volatile trading session but ultimately closed flat, reflecting the clear struggle between buyers and sellers. Immediate resistance is found at the 52,000-52,500 range, which the index must exceed to maintain its upward trend. On the downside, support is positioned at 51,000-50,500, with dips towards this level considered ideal buying opportunities.
| Highest Call Writing at | 52,000 (24.5 Lakhs) |
| Highest Put Writing at | 51,000 (25.8 Lakhs) |
Bank Nifty Support and Resistance
| Support | 51,000 – 50,500 |
| Resistance | 52,000 – 52,500 |
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