In the Stock Market Today, Sensex rises more than 308 points, Nifty exceeds 23,550; Power Grid, Wipro, ICICI Bank, & Titan lead the gainers
Stock Market Nifty Chart Prediction.
On June 18, Sensex increased by 308 points or xx percent, reaching 77,301, while the Nifty climbed by 92.30 points to 23,557. Throughout the day, 1,928 shares rose, -1,603 shares fell, and 109 shares remained unchanged. Both indices hit new record highs, with the Sensex peaking at 77,366 and the Nifty at 23,579.
Top Nifty gainers: Shriram Finance, Power Grid Corporation, and Wipro
Top Nifty Losers: Maruti Suzuki, Dr Reddys, and Tata Steel
All sectors, excluding IT which fell by 0.7 percent, closed higher. Industries such as auto, telecom, capital goods, healthcare, metal, oil & gas, power, and realty saw gains ranging from 0.5 to 1 percent.
BSE Midcap and smallcap gained 1% each.
Stock Prediction for 19th June 2024.
| STOCK | Good Above | Weak Below |
| LTIM | 5112 | 5075 |
| RELIANCE | 2970 | 2943 |
| SBIN | 850 | 841 |
| TATAPOWER | 452 | 446 |
Prediction For Wednesday, NIFTY can go up if it goes above 23,300 or down after the level of 23,800 but it all depends upon the Global cues.
Nifty index continued to trade within a narrow range, showing another day of minimal movement on the daily chart. Recently, Nifty has been trading sideways intraday but has gradually climbed above 23,500. The trend appears positive moving forward, with support levels set between 23,300 and 23,000. A drop below 23,300 could trigger selling pressure. On the upper end, the index could potentially rise to the 23,800-24,000 range.
| Highest Call Writing at | 23,800 (42.1 Lakhs) |
| Highest Put Writing at | 23,300 (59.1 Lakhs) |
Nifty Support and Resistance
| Support | 23,300 – 23,000 |
| Resistance | 23,800 – 24,000 |
Bank Nifty Daily Chart Prediction.
Prediction For Wednesday, Bank NIFTY can go up if it goes above 50,500 or down after the level of 50,000 but it all depends upon the Global cues.
Bank Nifty is showing a positive trend. If you have long positions, it is advisable to maintain them with a daily closing stop-loss set at 49,333. The resistance is between 50,500 and 51,000, while the support is in the 50,000 to 49,500 range.
| Highest Call Writing at | 50,500 (30.1 Lakhs) |
| Highest Put Writing at | 50,000 (39.2 Lakhs) |
Bank Nifty Support and Resistance
| Support | 50,000 – 49,500 |
| Resistance | 50,500 – 51,000 |
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