Home » Stock Market Prediction for Nifty & Bank Nifty 31 Oct 2023

Stock Market Prediction for Nifty & Bank Nifty 31 Oct 2023


In Stock market today Sensex surged by 330 points, hovering around 19,150, with the realty and oil & gas sectors displaying notable strength.

Stock Market Nifty Chart Prediction.


The benchmark indices posted back-to-back gains on October 30, with the Nifty maintaining around 19,150, as the Sensex rose by 329.85 points (0.52 percent) to close at 64,112.65, and the Nifty increased by 93.60 points (0.49 percent) to reach 19,140.90; notable gainers on the Nifty included BPCL, UltraTech Cement, ONGC, Reliance Industries, and SBI Life Insurance, while UPL, Tata Motors, Maruti Suzuki, Bajaj Auto, and Axis Bank were among the losers; across sectoral indices, all but auto and FMCG ended in positive territory, with oil & gas and realty sectors showing a 1 percent gain each, while the BSE Midcap and Smallcap indices concluded the day with relatively little change.

Prediction For Tuesday NIFTY can go up if it goes above 19250 or go down after the level of 19000 but all depend upon the Global cues.

There are good chances of market going up as today market opened flat and after sometime it started down then after that it tock support near 18950 and closed at days high near level of 19150. If it goes beyond any level given above it will give a one side move on any side up or down. If Nifty gives flat opening, it may move to the level of 19250 or 19000 But all these aspects depend upon the Global cues.

Highest Call Writing at18900 (1.6 crores)
Highest Put Writing at18850 (2.4 crores)

Nifty Support and Resistance

Support 19000,19100
Resistance19250,19300

Bank Nifty Daily Chart Prediction

Prediction For Tuesday Bank NIFTY can go up if it goes above 43000 or go down after the level of 42600 but all depend upon the Global cues.

Today, BANK NIFTY opened flat in morning but after that there was more in upward move it tock support near 42400 and closed at days high. Today bank nifty has closed in green and closed above its critical level of 43000 which has made bank nifty strong again For Tuesday. you can go with the strategy of buy on dip.

Highest Call Writing at42300 (26.4Lakhs)
Highest Put Writing at42300 (21.1 Lakhs)

Bank Nifty Support and Resistance

Support42600,42500
Resistance43000,43200

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