In today’s stock market, Nifty surges past 24,200, Sensex rises by 993 points; all sectors see strong positive gains.
Stock Market Nifty Chart Prediction
On November 25, the Sensex was up 992.74 points at 80,109.85, and the Nifty was up 314.60 points at 24,221.90. About 2541 shares advanced, 1347 shares declined, and 148 shares remained unchanged.
Top Nifty gainers: ONGC, BPCL, Bharat Electronics, SBI and L&T
Top Nifty Losers: JSW Steel, Infosys, Bajaj Auto, Tech Mahindra and Asian Paints.
All sectoral indices closed in the green, with PSU Bank, IT, FMCG, energy, and realty rising by 2-3 points.
The BSE midcap index rose 1.6 points, and the smallcap index added nearly 2 points.
Stock Prediction for 26th Nov 2024.
| STOCK | Good Above | Weak Below |
| APOLLOHOSP | 7140 | 7075 |
| HAL | 4300 | 4250 |
| KOTAKBANK | 1806 | 1785 |
| MPHASIS | 3005 | 2970 |
Prediction for Tuesday NIFTY can go up if it goes above 24,350 or down after the level of 24,000, but it all depends upon the Global cues.
The market sentiment improved following major state election results, boosting confidence in government spending for H2FY25 to meet capex targets. Nifty50 has broken out of a Falling Wedge pattern but formed a DOJI candlestick, which suggests uncertainty. The next few days will determine if the breakout is successful. Resistance is expected at 24,350-24,500, while support lies between 24,000 and 23,800.
| Highest Call Writing at | 24,350 (80.1 lakh) |
| Highest Put Writing at | 24,000 (85.0 lakh) |
Nifty Support and Resistance
| Support | 24,000 and 23,800 |
| Resistance | 24,350-24,500 |
Bank Nifty Daily Chart Prediction
Prediction For Tuesday, Bank NIFTY can go up if it goes above 52,000 or down after the level of 51,750, but it all depends upon the Global cues.
Bulls dominated D-Street as benchmark indices extended their recovery rally for the second consecutive session, driven by the Maharashtra election outcome. Resistance is seen between 52,000 and 52,500, while support lies between 51,750 and 51,500.
| Highest Call Writing at | 52,000 (33.4 Lakh) |
| Highest Put Writing at | 51,750 (39.1 Lakh) |
Bank Nifty Support and Resistance
| Support | 51,750 and 51,500 |
| Resistance | 52,000 and 52,500 |
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