In the Stock Market Today, Nifty reached 22,000 and Sensex lost -362 points. IT and banking dipped, but oil & gas surged.
Stock Market Nifty Chart Prediction.
Indian stocks fell today, breaking a three-day winning streak, with Nifty closing at 22,000.
Nifty fell -0.34 per cent to 22,004.70, while the Sensex closed down by -361.64 points at 72,470.30.
Top gainers on the Nifty included Bajaj Finance, Hindalco Industries, Britannia Industries, Adani Ports, and L&T,
while losers were Power Grid Corporation, Eicher Motors, Bharti Airtel, Kotak Mahindra Bank, and Wipro.
In sector performance, banking and Information Technology indices fell by -0.5 per cent each,
while capital goods, realty, oil & gas, and metal sectors rose by +0.5 to +1 per cent.
The BSE Midcap index gained +0.7 per cent, while the smallcap index ended flat.
Stock Prediction for 27th March 2024.
| STOCK | Good Above | Weak Below |
| AMBUJACEM | 595 | 586 |
| ICICIBANK | 1090 | 1080 |
| IRCTC | 938 | 930 |
| TATAMOTORS | 992 | 982 |
Prediction For Wednesday, NIFTY can go up if it goes above 22,215 or down after the level of 22,000 but all depends upon the Global cues.
Throughout the holiday-shortened week’s first day, Nifty traded sideways as investors remained indecisive. Short-term support lies at 22,000, while resistance is observed at 22,215-22,500. Weakness might surface if the Nifty falls below the support level.
| Highest Call Writing at | 22,215 (1.1 Crores) |
| Highest Put Writing at | 22,000 (1.2 Crores) |
Nifty Support and Resistance
| Support | 22,000, 21,860 |
| Resistance | 22,215, 22,500 |
Bank Nifty Daily Chart Prediction.
Prediction For Wednesday, Bank NIFTY can go up if it goes above 47,000 or down after the level of 46,500 but it all depends upon the Global cues.
The Bank Nifty index had a quiet beginning to the shortened week, trading sideways. If it manages to close above 47,000, we might see strong rallies due to short-covering, possibly reaching 47,500. However, if it falls below 46,500-46,000, we might witness some support.
| Highest Call Writing at | 47,000 (37.5 Lakhs) |
| Highest Put Writing at | 46,500 (27.1 Lakhs) |
Bank Nifty Support and Resistance
| Support | 46,500, 46,000 |
| Resistance | 47,000, 47,500 |
Click here to learn the Difference Between Cryptocurrencies and Stocks.
Join our upcoming Webinar on How to use the payoff Calculator.
If you’d like to know how we analyze the market and provide accurate levels every day. then click on the Free Demo button below and change your trading life for good. 5X returns are possible in options trading If you have Spider Software in your trading system.
Disclaimer: The information provided in this Blog is for educational purposes only and should not be construed as financial advice. Trading in the stock market involves a significant level of risk and can result in both profits and losses. Spider Software & Team does not guarantee any specific outcome or profit from the use of the information provided in this Blog. It is the sole responsibility of the viewer to evaluate their own financial situation and to make their own decisions regarding any investments or trading strategies based on their individual financial goals, risk tolerance, and investment objectives. Spider Software & Team shall not be liable for any loss or damage, including without limitation any indirect, special, incidental or consequential loss or damage, arising from or in connection with the use of this blog or any information contained herein.
