In today’s stock market, Nifty drops below 24,200, Sensex falls by 106 points; IT and FMCG stocks perform well.
Stock Market Nifty Chart Prediction
On November 25, the Sensex was down 105.79 points at 80,004.06, and the Nifty was down 27.40 points at 24,194.50. About 2,179 shares advanced, 1,580 shares declined, and 105 shares remained unchanged.
Top Nifty gainers: Britannia Industries, Asian Paints, Shriram Finance, Bharat Electronics, Infosys
Top Nifty Losers: Adani Enterprises, Adani Ports, UltraTech Cement, Sun Pharma and Bajaj Auto.
On the sectoral front, auto, power, pharma, and oil & gas sectors were down by 1-1.5 percent, while FMCG, IT, and metal sectors saw gains of 0.5-1 percent.
The BSE Midcap index ended flat, while the Smallcap index gained 0.6 percent.
Stock Prediction for 27th Nov 2024.
| STOCK | Good Above | Weak Below |
| BEL | 302 | 297 |
| MUTHOOTFIN | 1958 | 1938 |
| TECHM | 1755 | 1736 |
| UNITDSPR | 1520 | 1502 |
Prediction for Wednesday NIFTY can go up if it goes above 24,400 or down after the level of 24,100, but it all depends upon the Global cues.
Indian equities started strong but lost their gains by mid-morning due to an overbought condition after a recent rally. The Nifty50 ended at 24,194.50, down by 27.40 points, forming a Bearish Marubozu pattern, signaling a pause in upward momentum. Resistance is seen at 24,400-24,800, with support between 24,100 and 23,800.
| Highest Call Writing at | 24,400 (92.5 lakh) |
| Highest Put Writing at | 24,100 (87.9 lakh) |
Nifty Support and Resistance
| Support | 24,100 and 23,800 |
| Resistance | 24,400-24,800 |
Bank Nifty Daily Chart Prediction
Prediction For Wednesday, Bank NIFTY can go up if it goes above 52,750 or down after the level of 52,000, but it all depends upon the Global cues.
Bulls took charge on D-Street as benchmark indices continued their recovery rally for the second straight session, fueled by the Maharashtra election results. Resistance is expected between 52,750 and 53,000, while support is seen between 52,000 and 51,750.
| Highest Call Writing at | 52,000 (31.4 Lakh) |
| Highest Put Writing at | 52,750 (31.8 Lakh) |
Bank Nifty Support and Resistance
| Support | 52,000 and 51,750 |
| Resistance | 52,750 and 53,000 |
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