In Stock market today Nifty reaches 19,300 as Sensex climbs, with realty sector making gains while FMCG and IT sectors experience a decline.
Stock Market Nifty Chart Prediction.
On August 28th, the market started positively, influenced by robust Asian markets, but later turned bearish, with the Index fluctuating; despite support from Pharma, Auto, and key heavyweights aiding recovery, a final hour correction led to a decline, settling at 19,306.05, up 40.25 points. The Mid and Smallcap indices outperformed the Frontline Index, while Nifty50’s DOJI candlestick pattern near the support range of 19,200-19,240 suggests a potential trend reversal, awaiting confirmation through a strong close above the 50DMA resistance at 19,400.
Prediction For Tuesday NIFTY can go up if it goes above 19370 or go down after the level of 19250 but all depend upon the Global cues.
There are good chances of market going in up trend as NIFTY is below its important level of 19300 after giving gap up opening . If Nifty gives flat opening, it may move to the level of 19400. But all these aspects depend upon the Global cues.
| Highest Call Writing at | 19,400 (1.1 crores) 19,500 (1.2 crores) |
| Highest Put Writing at | 19,300 (69 LK) 19,000 (84 LK) |
Nifty Support and Resistance
| Support | 19250,19200 |
| Resistance | 19350,19400 |
Bank Nifty Daily Chart Prediction
Prediction For Tuesday Bank NIFTY can go up if it goes above 44650 or go down after the level of 44200 but all depend upon the Global cues.
Today, BANK NIFTY was strong as compared to nifty. But today also bank nifty has again closed in green and closed just below its critical level of 44500 which has made bank nifty weak again For Tuesday you can go with the strategy of buy on the dip.
| Highest Call Writing at | 44500 (32 Lakhs) |
| Highest Put Writing at | 44500 (33 Lakhs) |
Bank Nifty Support and Resistance
| Support | 44200,44000 |
| Resistance | 44650,44750 |
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