In the Stock Market Today, Sensex and Nifty closed mostly unchanged, with realty and IT sectors being the biggest laggards.
Stock Market Nifty Chart Prediction.
On August 23, The Sensex increased by 80.12 points, reaching 81,133.31, while the Nifty rose by 11.70 points, to 24,823.20. In the market, around 1,810 stocks gained, -1,603 stocks fell, and 68 stocks remained unchanged.
Top Nifty gainers: Bajaj Auto, Coal India, Tata Motors, Sun Pharma and Bharti Airtel,
Top Nifty Losers: Wipro, ONGC, Divis Labs, LTIMindtree and Infosys.
The auto sector saw a rise of 1%, while the metal, realty, media, PSU Bank, and IT sectors declined between 0.5% and 2.5%.
BSE midcap index was down 0.6% while smallcap index ended flat.
Stock Prediction for 26th August 2024.
| STOCK | Good Above | Weak Below |
| ICICIBANK | 1208 | 1190 |
| JSWSTEEL | 946 | 937 |
| POWERGRID | 337 | 333 |
| TATAMOTORS | 1090 | 1075 |
Prediction For Monday, NIFTY can go up if it goes above 24,900 or down after the level of 24,800, but it all depends upon the Global cues.
Nifty began the day on a flat note and remained in a consolidation phase, eventually closing with a gain of 12 points. On the daily charts, the Nifty has posted gains for the seventh straight session. The current uptrend seems somewhat stretched as the index has been rising steadily without a significant pullback. Nifty is now approaching the 24,830 mark, which could limit further gains. Overall, the trend is sideways, with a consolidation range between 24,200 and 25,000. The resistance is expected between 24,900 and 25,500, while the support levels are at 24,800 to 24,500.
| Highest Call Writing at | 24,900 (65.7 Lakhs) |
| Highest Put Writing at | 24,800 (70.3 Lakhs) |
Nifty Support and Resistance
| Support | 24,800 and 24,500 |
| Resistance | 24,900 and 25,500 |
Bank Nifty Daily Chart Prediction.
Prediction For Monday, Bank NIFTY can go up if it goes above 51,100 or down after the level of 50,700 but it all depends upon the Global cues.
Bank Nifty experienced limited price movement and ended the day slightly negative. After a few days of consolidation, Bank Nifty may continue its upward trend. On the higher side, the index could move towards 51,100 – 52,000, with support levels positioned between 50,700 and 50,000.
| Highest Call Writing at | 51,100 (32.9 Lakhs) |
| Highest Put Writing at | 50,700 (23.6 Lakhs) |
Bank Nifty Support and Resistance
| Support | 50,700 and 50,000 |
| Resistance | 51,100 and 52,000 |
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