In the stock market today, Nifty surpasses the 26,200 mark on expiry day; Sensex climbs 666 points, driven by gains in auto & metal stocks.
Stock Market Nifty Chart Prediction.
On September 26, The Sensex rose by 666.25 points, to reach 85,836.12, while the Nifty gained 211.80 points, closing at 26,216. Out of all stocks, 1,603 saw advances, -2,200 experienced declines, and 102 remained unchanged.
Top Nifty gainers: Maruti Suzuki, Tata Motors, Shriram Finance, Grasim Industries and M&M,
Top Nifty Losers: ONGC, Cipla, NTPC, Hero MotoCorp, L&T.
In terms of sectors, the power, metal, media, and realty indices rose by 0.5-3%, whereas FMCG, PSU Bank, and IT saw declines of 0.5-1%.
BSE Midcap index ended flat, while Smallcap index was down 0.4%.
Stock Prediction for 27th Sept 2024.
| STOCK | Good Above | Weak Below |
| ASIANPAINT | 3285 | 3250 |
| CANFINHOME | 885 | 872 |
| HINDUNILVR | 3000 | 2970 |
| PIDILITIND | 3306 | 3277 |
Prediction For Friday, NIFTY can go up if it goes above 26,250 or down after the level of 26,200, but it all depends upon the Global cues.
Nifty had a flat opening and remained consolidated through the first half of the day. A late rally pushed it to close in positive territory, gaining around 182 points. The daily charts indicate that Nifty is approaching the upper boundary of the rising channel at 26,560. The immediate resistance lies between 26,250 and 26,500, while support on the downside is found between 26,200 and 25,900.
| Highest Call Writing at | 26,250 (1.6 Crore) |
| Highest Put Writing at | 26,200 (1.9 Crore) |
Nifty Support and Resistance
| Support | 26,200 to 25,900 |
| Resistance | 26,250 to 26,500 |
Bank Nifty Daily Chart Prediction.
Prediction For Friday, Bank NIFTY can go up if it goes above 54,000 or down after the level of 54,000, but it all depends upon the Global cues.
Bank Nifty is presently in a bullish trend. If you have long positions, it’s advisable to maintain them with a daily closing stop-loss set at 53,729. Bank Nifty has broken out of its previous sideways range of 54,000–54,500 on the upside, and momentum is likely to push it further towards 55,000. The support level has moved upward, now sitting between 54,000 and 53,500.
| Highest Call Writing at | 54,000 (18.2 Lakhs) |
| Highest Put Writing at | 54,000 (23.8 Lakhs) |
Bank Nifty Support and Resistance
| Support | 54,000 to 53,500 |
| Resistance | 54,000 to 54,500 |
Power of Algorithms in Options Trading, Try Spider Now: Register Now
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.
