In Stock Market Today, Nifty surpasses 21,350, as Sensex gains 242 points. Positive traction in IT, pharma, metal, and realty sectors.
Stock Market Nifty Chart Prediction.
Second consecutive gain for Indian benchmark indices on December 22, Nifty crosses 21,300. Sensex closes up 241.86 points at 71,106.96, and Nifty rises by 94.40 points to 21,349.40. Auto, capital goods, healthcare, and oil & gas sectors lead gains, while banks see a dip. Wipro, HCL Technologies, and Tata Motors are among top Nifty gainers. BSE midcap index rises by 0.7%, and smallcap index by 1%.
Stock Prediction for 26th Dec 2023
1) LUPIN: Good Above 1278, Weak Below 1260
2) HAVELLS: Good Above 1355, Weak Below 1332
3) TATAMOTORS: Good Above 730, Weak Below 716
4) TECHM: Good Above 1278, Weak Below 1260
Prediction For Tuesday NIFTY can go up if it goes above 21500 or down after the level of 21000 but all depends upon the Global cues.
In today’s stock market, there was volatility, but it ended on a positive note despite mixed signals. Nifty, starting steady, moved both ways before settling at 21,362.50. Realty, IT, and metal sectors did well, while banking struggled. Broader indices also gained, closing higher by 0.7% to 1.1%. If Nifty breaks above 21,500, it might go higher; otherwise, 21,000 is a crucial support if it falls.
| Highest Call Writing at | 21500 (82.2 Lakhs) |
| Highest Put Writing at | 21000 (99.5 Lakhs) |
Nifty Support and Resistance
| Support | 21000, 20900 |
| Resistance | 21500, 21600 |
Bank Nifty Daily Chart Prediction
Prediction For Tuesday Bank NIFTY can go up if it goes above 47700 or down after the level of 47350 but it all depends upon the Global cues.
Bank Nifty experienced selling pressure on the final day but maintained the crucial support at 47,350. Failing to sustain above this level could lead to a decline to 47,200 – 47,100. On the positive side, the immediate resistance is at 47,700. Breaking this level may prompt short-covering and drive the index towards 48,000/48,200 levels.
| Highest Call Writing at | 47700 (29.2 Lakhs) |
| Highest Put Writing at | 47350 (23.9 Lakhs) |
Bank Nifty Support and Resistance
| Support | 47350, 47200 |
| Resistance | 47700, 48000 |
Also, check our Article on how and when to use the Band Bollinger Indicator.
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