NIFTY Prediction
Nifty opened with a gap up today, consolidating throughout the day to finish with a gain of around 60 points. The daily charts show that Nifty has broken out of its sideways consolidation to the upside. We anticipate the rally to extend towards 25,000-25,500 in the short term, with support levels at 24,900-24,500.
BANK NIFTY Prediction
Bank Nifty remained in a rangebound price action, forming a symmetrical triangle pattern during consolidation. A breakout from this range will determine the future trend. Therefore, we continue to maintain a rangebound outlook for Bank Nifty. Resistance levels are at 52,000-52,600, while support levels are at 51,200-50,500.
Breakout Stock for Trading (Future, Option & Swing Trading) with Last Day Breakout
| Sr. | Stock Name | Symbol | Links | % Chg | Price | Volume |
|---|---|---|---|---|---|---|
| 1 | Power Grid Corporation Of India Limited | POWERGRID | P&FΒ |Β F.A | 3.7% | 361.1 | 26,792,459 |
| 2 | Coal India Limited | COALINDIA | P&FΒ |Β F.A | 3.49% | 540.4 | 34,763,894 |
| 3 | Tata Power Company Limited | TATAPOWER | P&FΒ |Β F.A | 2.38% | 464.4 | 34,019,552 |
| 4 | Oil & Natural Gas Corporation Limited | ONGC | P&FΒ |Β F.A | 2.26% | 341.75 | 36,044,960 |
| 5 | Lupin Limited | LUPIN | P&FΒ |Β F.A | 2.17% | 1953.35 | 2,080,987 |
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