NIFTY Prediction
Markets experienced another day of volatility but ultimately closed up by more than half a percent. Starting the day lower due to weak global signals, the markets showed little movement initially. However, a steady improvement in major stocks across various sectors helped to offset early losses and moved the indices into positive territory. Resistance is noted between 22,500 and 22,800, while support is expected between 22,000 and 21,800.
BANK NIFTY Prediction
Bank Nifty Index continues to be dominated by bearish trends, as any attempts at gains are met with strong selling, indicating a ‘sell on rise’ approach among traders. Significant resistance is noted between 48,000 and 48,300, where heavy call writing has been recorded. With a generally bearish market sentiment, continued selling pressure could push the index down to its next key support levels between 47,000 and 46,500.
Stock Prediction
STOCK | Good Above | Weak Below |
CROMPTON | 298 | 294 |
DEEPAKNTR | 2280 | 2256 |
MARICO | 506 | 501 |
TCS | 3844 | 3813 |
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