In Stock Market Today, Nifty reaches 22,200 as Sensex climbs by +305 points, IT sector advances while oil and gas sector lags behind.
Stock Market Nifty Chart Prediction.
On February 27, the Indian benchmark indices experienced volatility but closed higher. The Sensex concluded the session up by +305.09 points or +0.42 percent, reaching 73,095.22, while the Nifty closed higher by +76.30 points or +0.34 percent, at 22,198.30.
Tata Motors, TCS, IndusInd Bank, Power Grid Corp, and Sun Pharma were among the Top Gainers on the Nifty,
while Hero MotoCorp, Bajaj Finance, SBI, Divis Labs, and UPL were among the Losers.
Across sectors, Auto, Capital Goods, Information Technology, Pharma, and Realty witnessed Gains of +0.5-+1 percent each,
while the Oil & Gas sector saw a decline of -1 percent each.
Additionally, the BSE Midcap and Smallcap indices concluded marginally lower.
Stock Prediction for 28th February 2024.
| STOCK | Good Above | Weak Below |
| APOLLOHOSP | 6642 | 6565 |
| CUMMINSIND | 2782 | 2732 |
| GODREJPROP | 2500 | 2475 |
| TATASTEEL | 145 | 142 |
Prediction For Wednesday, NIFTY can go up if it goes above 22500 or down after the level of 22000 but all depends upon the Global cues.
Starting the day on a low note, Nifty managed to bounce back and ended the session with gains. Analysis of daily charts reveals Nifty’s resilience around the support range of 22,000 – 21,500. Over recent trading sessions, Nifty has been trading within a wide range of 21,900 – 22,300. The next resistance level is anticipated around 22,500.
| Highest Call Writing at | 22,500 (81.3 Lakhs) |
| Highest Put Writing at | 22,000 (93.6 Lakhs) |
Nifty Support and Resistance
| Support | 22,000, 21,500 |
| Resistance | 22,500, 22,600 |
Bank Nifty Daily Chart Prediction.
Prediction For Wednesday, Bank NIFTY can go up if it goes above 47000 or down after the level of 46330 but it all depends upon the Global cues.
There’s optimism for continued positive momentum in Bank Nifty in the upcoming trading sessions. The immediate resistance levels are seen at 47,000 and 47,250, while immediate support is at 46,330-45,000.
| Highest Call Writing at | 47,000 (40.5 Lakhs) |
| Highest Put Writing at | 46,330 (32.2 Lakhs) |
Bank Nifty Support and Resistance
| Support | 46,330, 45,000 |
| Resistance | 47,000, 47,250 |
Also, learn what a Shooting Star Candlestick Pattern indicates.
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