In Stock market today Nifty closes at 18,850 while Sensex drops by 901 points, with the metal and real estate sectors experiencing the most significant declines.
Stock Market Nifty Chart Prediction.
Amidst global uncertainty, investors turned away from local equities during the monthly F&O expiry, as the Nifty closed below 19,000 due to a sell-off in key sectors like banking, automobiles, and IT, driven by concerns regarding the ongoing West Asia conflict, economic instability, and worries about impending rate hikes, keeping a bearish outlook for the sixth consecutive session. Technically, the daily charts show a bearish candle and weak intraday patterns, indicating potential further declines below 19,000, with levels of 18,800-18,725 anticipated. However, a relief rally could be on the horizon if the 19,000 level is surpassed, potentially pushing the index towards 19,100-19,150.
Prediction For Friday NIFTY can go up if it goes above 18900 or go down after the level of 18800 but all depend upon the Global cues.
There are good chances of market going down as today market opened gap down and after sometime it started coming down and closed at days low near level of 18850. 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 19000 or 18800 But all these aspects depend upon the Global cues.
| Highest Call Writing at | 18900 (1.6 crores) |
| Highest Put Writing at | 18850 (2.4 crores) |
Nifty Support and Resistance
| Support | 18800,18700 |
| Resistance | 18900,19000 |
Bank Nifty Daily Chart Prediction
Prediction For Friday Bank NIFTY can go up if it goes above 42100 or go down after the level of 42400 but all depend upon the Global cues.
Today, BANK NIFTY opened gap down in morning but after that there was more downward move. Today bank nifty has closed in red and closed near its critical level of 42300 which has made bank nifty weak again For Friday. you can go with the strategy of sell on rise.
| Highest Call Writing at | 42300 (26.4Lakhs) |
| Highest Put Writing at | 42300 (21.1 Lakhs) |
Bank Nifty Support and Resistance
| Support | 42100,42000 |
| Resistance | 42400,42500 |
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