In the stock market today, Market was unable to maintain its record highs, with the Nifty surpassing 26,000 & the Sensex rising above 85,000.
Stock Market Nifty Chart Prediction.
On September 24, The Sensex dropped by 14.57 points, to 84,914.04, while the Nifty edged up by 1.40 points, to 25,940.40. A total of 1,871 stocks gained, -1,946 declined, and 84 remained unchanged.
Top Nifty gainers: ata Steel, Hindalco Industries, Power Grid Corp, Tech Mahindra & Adani Enterprises,
Top Nifty Losers: SBI Life Insurance, HUL, Grasim Industries, UltraTech Cement & Shriram Finance.
In sectoral performance, the metal index increased by 3%, the oil & gas index gained 0.6%, and the power index climbed 1.4%. Conversely, PSU Bank, FMCG, and telecom sectors saw declines ranging between 0.5% and 1%.
BSE midcap and smallcap indices ended on a flat note.
Stock Prediction for 25th Sept 2024.
| STOCK | Good Above | Weak Below |
| ADANIENT | 3120 | 3080 |
| COALINDIA | 506 | 500 |
| HCLTECH | 1785 | 1764 |
| TATACOMM | 2040 | 2010 |
Prediction For Wednesday, NIFTY can go up if it goes above 26,000 or down after the level of 25,300, but it all depends upon the Global cues.
The Nifty moved within a tight range, pausing after a three-day rally. While short-term sentiment is still optimistic, the index needs to clearly surpass the 26,000 mark for the upward trend to persist. In the meantime, we anticipate a range-bound movement. Resistance is expected between 26,000 and 26,500, while support lies in the 25,300 to 25,000 range.
| Highest Call Writing at | 26,000 (90.8 Lakhs) |
| Highest Put Writing at | 25,300 (1.4 Crore) |
Nifty Support and Resistance
| Support | 25,300 to 25,000 |
| Resistance | 26,000 to 26,500 |
Bank Nifty Daily Chart Prediction.
Prediction For Wednesday, Bank NIFTY can go up if it goes above 54,000 or down after the level of 53,000, but it all depends upon the Global cues.
The Bank Nifty is currently on an upward trend. If you have long positions, it’s advisable to maintain them with a daily closing stop-loss set at 53,538. Resistance levels are identified between 54,000 and 56,000, while support is found in the range of 53,000 to 52,000.
| Highest Call Writing at | 54,000 (32.9 Lakhs) |
| Highest Put Writing at | 53,000 (40.9 Lakhs) |
Bank Nifty Support and Resistance
| Support | 53,000 to 52,000 |
| Resistance | 54,000 to 56,000 |
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