In Stock market Sensex concludes a lackluster day with a 48-point decline, primarily driven by a downturn in IT stocks.
Stock Market Nifty Chart Prediction.
After a day marked by volatility, benchmark indices sustained losses on November 24, extending the downtrend into the second session, with IT stocks exerting significant downward pressure, while the pharmaceutical and metal sectors saw buying activity. The Sensex closed 47.77 points lower at 65,970.04, down 0.07 percent, and the Nifty slipped 7.30 points to 19,794.70, down 0.04 percent. Market breadth favored decliners, with small-cap stocks continuing their outperformance. Analysts suggest that a decisive gap-up move above 19,850 is crucial for a potential new high, emphasizing the importance of monitoring US markets and banking majors for cues while advocating a selective approach and caution against contrarian trades.
Prediction For Tuesday NIFTY can go up if it goes above 19825 or go down after the level of 19750 but all depend upon the Global cue
There are good chances of market going up as today market opened flat and after that it was in range throughout the day. If it goes beyond any level given above it will give a one side move on any side up or down. If Nifty gives flat opening, it may move to the level of 19875 or 19750 But all these aspects depend upon the Global cues.
| Highest Call Writing at | 19800 (1.0 crores) |
| Highest Put Writing at | 19800 (82.6 lakhs) |
Nifty Support and Resistance
| Support | 19750,19700 |
| Resistance | 19825,19875 |
Bank Nifty Daily Chart Prediction
Prediction For Tuesday Bank NIFTY can go up if it goes above 43800 or go down after the level of 44600 but all depend upon the Global cues.
Today, BANK NIFTY opened flat in morning but after that it went up to the level of 43750 and after that it was in range throughout the day. It also closed at top of the range. Today bank nifty has closed in green and closed near its critical level of 43750 which has made bank nifty weak again For Tuesday. you can go with the strategy of sell on rise.
| Highest Call Writing at | 43800 (49.9 Lakhs) |
| Highest Put Writing at | 43600 (35.7 Lakhs) |
Bank Nifty Support and Resistance
| Support | 43600,43500 |
| Resistance | 43800,43900 |
Also, check our Article on Spinning Top Candlestick Pattern
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