Home » Stock Market Prediction for Nifty & Bank Nifty 24th Oct 2024

Stock Market Prediction for Nifty & Bank Nifty 24th Oct 2024

In the stock market today, Markets continue to decline, with the Nifty falling below 24,450 and the Sensex dropping by 139 points.

Stock Market Nifty Chart Prediction.

On October 23,  The Sensex was down 138.74 points at 80,081.98, and the Nifty was down 36.60 points or at 24,435.50.

Top Nifty gainers: Bajaj Finance, Bajaj Auto, Tech Mahindra, HCL Tech, Tata Consumer,
Top Nifty Losers:  M&M, Sun Pharma, NTPC, Power Grid Corp and Shriram Finance.

BSE Midcap index up 0.5% and Smallcap indices up 1% 

Stock Prediction for 24th Oct 2024
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Prediction for Thursday NIFTY can go up if it goes above 24,800 or down after the level of 24,400, but it all depends upon the Global cues.

The Nifty started the day with a gap down and experienced a day of volatility, fluctuating in both directions before finishing lower by approximately 37 points. Although the Nifty attempted a rebound, selling pressure indicated a struggle to maintain higher levels. Both daily and hourly momentum indicators show a negative crossover, signaling a sell. Resistance is found in the range of 24,800 to 25,100, while support lies between 24,400 and 24,000.

Highest Call Writing at
25,000 (78.6 Lakh)
Highest Put Writing at
24,400 (57.7 Lakh)

Nifty Support and Resistance

Support 24,400 to 24,000
Resistance
24,800 to 25,100

Bank Nifty Daily Chart Prediction.

Prediction For Thursday, Bank NIFTY can go up if it goes above 52,500 or down after the level of 51,000, but it all depends upon the Global cues.

Bank Nifty is currently trending downwards. If you have short positions, it’s advisable to maintain them with a daily closing stop loss set at 52,055. Resistance is located between 51,500 and 52,000, while support can be found in the range of 51,000 to 50,500.

Highest Call Writing at51,500 (1.1 Crore)
Highest Put Writing at51,000 (1.3 Crore)

Bank Nifty Support and Resistance

Support51,000 to 50,500
Resistance
51,500 to 52,000

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