Home » Stock Market Prediction for Nifty & Bank Nifty 28 Sep 2023

Stock Market Prediction for Nifty & Bank Nifty 28 Sep 2023


In Stock markets today Nifty surpasses 19,700 with a 173-point gain in the Sensex, while mid and small-cap stocks demonstrate strong performance.

Stock Market Nifty Chart Prediction.


On September 27, amid volatility, benchmark indices closed higher with the Nifty surpassing 19,700, notable gainers on the Nifty included Coal India, ITC, Larsen & Toubro, Cipla, and Sun Pharma, while losers comprised Titan Company, Grasim Industries, Hero MotoCorp, SBI, and BPCL, and across sectors, PSU Bank, capital goods, FMCG, realty, and healthcare indices gained 0.5-1 percent, although some selling was observed in oil & gas stocks, while the BSE midcap and smallcap indices both saw a 0.6 percent increase.

Prediction For Thursday NIFTY can go up if it goes above 19800 or go down after the level of 19600 but all depend upon the Global cues.

There are good chances of market going in upwards direction as today market was in strong. It takes support near 19550 and closed near above the level of 19700. 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 19800 or 19600 But all these aspects depend upon the Global cues.

Highest Call Writing at19900 (1.1 CR)
Highest Put Writing at19,600 (1.2 CR)

Nifty Support and Resistance

Support 19600,19550
Resistance19750,19800

Bank Nifty Daily Chart Prediction

Prediction For Thursday  Bank NIFTY can go up if it goes above 44800 or go down after the level of 44500 but all depend upon the Global cues.

Today, BANK NIFTY opened gap down in morning but after that there was more in weakness. Bank nifty tock support near level of 44200 and bounced bank to again closed in range. Today bank nifty has closed flat and closed near its critical level of 44600 which has made bank nifty strong again For Thursday you can go with the strategy of buy on dip.

Highest Call Writing at45000 (50 Lakhs)
Highest Put Writing at44000 (40 Lakhs)

Bank Nifty Support and Resistance

Support44400,44200
Resistance44800,45000

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