In Stock markets today Sensex and Nifty closed flat with intermittent volatility, supported by gains in the FMCG sector while facing downward pressure from PSU banks and the IT sector.
Stock Market Nifty Chart Prediction.
In a lackluster trading session influenced by weak global cues and cautious profit-taking before the upcoming RBI policy announcement, market sentiment remained subdued, with the Nifty forming an inside body candle suggesting a continued range-bound trend; day traders should watch for 19735 as immediate resistance and 19620 as a crucial support level, potential moves are toward 19780-19800 above 19735 and 19550-19520 below 19620.
Prediction For Wednesday NIFTY can go up if it goes above 19700 or go down after the level of 19600 but all depend upon the Global cues.
There are good chances of market going in downwards direction as today market was in range. It takes support near 19600 and closed near level of 19650. 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 19750 or 19600 But all these aspects depend upon the Global cues.
Highest Call Writing at | 19800 (1.1 CR) |
Highest Put Writing at | 19,600 (93 LK) |
Nifty Support and Resistance
Support | 19600,19550 |
Resistance | 19750,19800 |
Bank Nifty Daily Chart Prediction
Prediction For Wednesday Bank NIFTY can go up if it goes above 44800 or go down after the level of 44550 but all depend upon the Global cues.
Today, BANK NIFTY opened flat in morning but after that was more in range. But most of the time bank nifty was in range. Today bank nifty has again closed in red and closed above its critical level of 44600 which has made bank nifty weak again For Wednesday you can go with the strategy of sell on rise.
Highest Call Writing at | 45000 (40 Lakhs) |
Highest Put Writing at | 44500 (33 Lakhs) |
Bank Nifty Support and Resistance
Support | 44600,44400 |
Resistance | 44900,45000 |
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