In Stock markets today Sensex experiences a sharp decline of 610 points, while the Nifty approaches the 19,550 mark, with the most significant losses observed in IT and FMCG stocks.
Stock Market Nifty Chart Prediction.
Market sentiment turned negative again following a brief respite, resulting in a nearly 1% drop on the monthly expiry day, with the Nifty starting flat but gradually sliding to close at 19,523.55; this decline was broad-based, particularly affecting IT and FMCG sectors, and extended to midcap and smallcap indices, influenced by the ongoing weakness in heavyweight stocks and global cues, and it’s anticipated that Nifty may continue to decline towards 19,400, with crucial support at 19,200, thus emphasizing the importance of prudent risk management for traders.
Prediction For Friday NIFTY can go up if it goes above 19600 or go down after the level of 19500 but all depend upon the Global cues.
There are good chances of market going in downward direction as today market was in down. It takes support near 19500 and closed near the level of 19550. 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 19600 or 19500 But all these aspects depend upon the Global cues.
| Highest Call Writing at | 19600 (1.1 CR) |
| Highest Put Writing at | 19,600 (88 LK) |
Nifty Support and Resistance
| Support | 19500,19450 |
| Resistance | 19600,19700 |
Bank Nifty Daily Chart Prediction
Prediction For Friday Bank NIFTY can go up if it goes above 44500 or go down after the level of 44200 but all depend upon the Global cues.
Today, BANK NIFTY opened gap up in morning but after that there was more in weakness. Bank nifty tock support near level of 44250 and bounced bank to again closed near it. Today bank nifty has closed red and closed near its critical level of 44250 which has made bank nifty weak again For Friday you can go with the strategy of sell on rise.
| Highest Call Writing at | 44400 (50 Lakhs) |
| Highest Put Writing at | 44400 (40 Lakhs) |
Bank Nifty Support and Resistance
| Support | 44200,43000 |
| Resistance | 44500,44750 |
An Opportunity to Learn Live Trading and Training on Monthly Expiry by Clicking Here
If you’d like to know how we analyze the market and provide accurate levels every day. then click on the Free Demo button below and change your trading life for good. 5X returns are possible in options trading If you have Spider Software in your trading system.
Also, Check out our article on Top of Cryptocurrencies to look for in 2023.
