In the Stock Market Today, Nifty nears 23,000 as Sensex jumps by 1,200 points; automotive and banking stocks rally.
Stock Market Nifty Chart Prediction.
On May 23 Sensex increased by 1,040.04 points, reaching 75,261.10. Meanwhile, the Nifty rose by 329.60 points, closing at 22,927.40. The market saw 1,580 shares gain, -1,754 shares fall, and 103 shares remain unchanged.
Top Nifty gainers: Adani Enterprises, Adani Ports, Axis Bank, L&T, IndusInd Bank
Top Nifty Losers:Sun Pharma, Power Grid Corp, Hindalco, Coal India and NTPC.
All sectoral indices, except for metal and pharma, ended positively. Auto, banking, and capital goods sectors each rose by 2 percent.
BSE Midcap index up 0.5% and Smallcap index up 0.2%.
Stock Prediction for 24th May 2024.
| STOCK | Good Above | Weak Below |
| BPCL | 650 | 643 |
| ICICIBANK | 1140 | 1125 |
| GRANLUES | 435 | 428 |
| INDUSTOWER | 347 | 342 |
Prediction For Friday, NIFTY can go up if it goes above 22,950 or down after the level of 22,800 but all depends upon the Global cues.
Nifty experienced a highly favorable session, climbing over 1.5 percent to reclaim its record high. After a flat opening, it steadily advanced throughout the day, nearing the significant 23,000 mark due to substantial buying in key heavyweight stocks. Upside resistance is seen in the 22,950-23,000 range, while the support zone is identified between 22,800 and 22,600.
| Highest Call Writing at | 22,800 (2.3 Crore) |
| Highest Put Writing at | 22,950 (1.2 Crore) |
Nifty Support and Resistance
| Support | 22,800, 22,600 |
| Resistance | 22,950, 23,000 |
Bank Nifty Daily Chart Prediction.
Prediction For Friday, 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 opened today’s session with a gap-up at 47,899, compared to the previous close of 47,782. The index surged after the opening and is currently trading around 48,340, marking a 1.2 percent increase. Having surpassed a critical level, the likelihood of a continued rally is high. The upside resistance zone is between 48,300 and 49,000, while the downside support lies between 48,000 and 47,300.
| Highest Call Writing at | 48,000 (18.5 Lakhs) |
| Highest Put Writing at | 47,800 (29.9 Lakhs) |
Bank Nifty Support and Resistance
| Support | 48,000, 47,300 |
| Resistance | 48,300, 49,000 |
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