NIFTY Prediction
Nifty started the day with little movement but gained momentum as the day went on, closing with an increase of approximately 147 points. After breaking out of its consolidation range, Nifty has continued to attract buying interest. We anticipate that Nifty is likely to aim for the 24,150 level in the short term. Any declines towards the support zone of 23,700 β 23,500 should be seen as a buying opportunity. The resistance level is between 24,000 and 24,500.
BANK NIFTY Prediction
BankNifty index maintained its strong momentum, nearly reaching the 53,000 mark, where new call writing activity is evident. The overall sentiment remains bullish, suggesting a buy-on-dip strategy, with immediate strong support found in the 52,900-52,400 range. The index has seen significant put writing at lower levels, indicating robust support. Resistance is noted between 53,000-53,500, and support lies in the 52,900-52,400 range.
Breakout Stock for Trading (Future, Option & Swing Trading) with Last Day Breakout
Sr. | Stock Name | Symbol | Links | % Chg | Price | Volume |
---|---|---|---|---|---|---|
1 | The India Cements Limited | INDIACEM | P&FΒ |Β F.A | 14.49% | 262.62 | 92,113,352 |
2 | Idea Cellular Limited | IDEA | P&FΒ |Β F.A | 4.83% | 18.02 | 1,520,073,392 |
3 | Zee Entertainment Enterprises Limited | ZEEL | P&FΒ |Β F.A | 4.63% | 155.61 | 43,164,207 |
4 | Reliance Industries Limited | RELIANCE | P&FΒ |Β F.A | 4.12% | 3028.05 | 11,007,441 |
5 | Biocon Limited | BIOCON | P&FΒ |Β F.A | 3.8% | 352.15 | 7,782,868 |
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