Stock Market Prediction for Nifty & Bank Nifty 28th Dec 2023.

In Stock Market Today, Fresh peak for Nifty as it surpasses 21,590; Sensex records a 500-point rise; Top gainers PSU Banks and metals.

Stock Market Nifty Chart Prediction.

For the fourth consecutive day, benchmark indices closed higher on December 27, with Nifty surpassing the 21,600 mark.

At the closing bell, the Sensex marked a gain of 701.63 points or 0.98 percent, reaching 72,038.43, while the Nifty rose by 213.50 points or 1.00 percent to stand at 21,654.80. The market witnessed 1801 advancing shares, 1848 declining shares, and 124 unchanged.

Noteworthy gainers on the Nifty included Hindalco Industries, UltraTech Cement, Bajaj Auto, JSW Steel, and Tata Motors. Conversely, the losers were ONGC, NTPC, Adani Enterprises, UPL, and Adani Ports.

With the exception of oil & gas and power sectors, all other sectoral indices closed in positive territory, with auto, bank, and metal sectors showing a 1 percent increase.

The BSE midcap and smallcap indices posted marginal gains.

Stock Prediction for 28th Dec 2023

1) AUBANK: Good Above 777, Weak Below 770
2) EXIDEIND: Good Above 302, Weak Below 298
3) HCLTECH: Good Above 1482, Weak Below 1463
4) TVSMOTOR: Good Above 2025, Weak Below 2002

Prediction For Thursday NIFTY can go up if it goes above 21800 or down after the level of 21500 but all depends upon the Global cues.

Nifty saw a strong surge as considerable positions were established by Put writers at the 21500 level. Moreover, the daily chart displayed a breakout from a consolidation phase. There is speculation that Nifty will have a Bullish Trend. Looking forward, the index is likely aiming for a range between 21750-21800 on the upside, with support resting at 21500.

Nifty Support and Resistance

Bank Nifty Daily Chart Prediction

Prediction For Thursday Bank NIFTY can go up if it goes above 48500 or down after the level of 48000 but it all depends upon the Global cues.

Bank Nifty recently broke out from consolidation, evident on the daily chart. It has been consistently holding above a crucial moving average. Moreover, exactly like Nifty, Bank Nifty is also showing a Bullish Trend . Looking ahead, the index might target levels between 48500-48800 on the upside, with support at 48000.

Bank Nifty Support and Resistance

Also, check our Article on how Rounding Top Pattern is formed on various stocks.

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