In Stock market today Nifty falling below 19,150, Sensex dropping by 523 points, with metals emerging as the top-performing sector.
Stock Market Nifty Chart Prediction.
Continued bearish sentiment in the Indian markets resulted in Nifty50 breaching its previous swing low at 19,220 and closing at 19,122.15, marking a decline of 159.60 points, with only the Metal and PSU Banking sectors ending the day in positive territory, while Media and IT sectors lagged. The broader markets also saw pressure, but the Mid and Smallcap segments had previously experienced a significant drop, offering a slight outperformance. Following the Head and Shoulders pattern breakout, today’s trading session witnessed further selling, forming another bearish candle on the daily chart. While the trend has turned negative, the Index is currently in an extremely oversold state, potentially paving the way for a relief rally.
Prediction For Thursday NIFTY can go up if it goes above 19250 or go down after the level of 19075 but all depend upon the Global cues.
There are good chances of market going down as today market opened flat and then it was in range but after sometime it started coming down and closed near level of 19125. If it goes beyond any level given above it will give a one side move on any side up or down. Nifty gives flat opening, it may move to the level of 19250 or 19000 But all these aspects depend upon the Global cues.
| Highest Call Writing at | 19,500 (1.6 crores) |
| Highest Put Writing at | 19,500 (2.4 crores) |
Nifty Support and Resistance
| Support | 19075,19000 |
| Resistance | 19250,19300 |
Bank Nifty Daily Chart Prediction
Prediction For Thursday Bank NIFTY can go up if it goes above 43000 or go down after the level of 42800 but all depend upon the Global cues.
Today, BANK NIFTY opened flat in morning but after that there was in range but in afternoon there was more weakness. Today bank nifty has closed in red and closed near its critical level of 43800 which has made bank nifty weak again For Thursday. you can go with the strategy of sell on rise.
| Highest Call Writing at | 44000 (26.4Lakhs) |
| Highest Put Writing at | 43000 (21.1 Lakhs) |
Bank Nifty Support and Resistance
| Support | 42800,42600 |
| Resistance | 43000,43200 |
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