In today’s stock market, Sensex, Nifty Index 50 end over 1% higher; bank, midcap stocks lead recovery with strong momentum.
Top Nifty Index gainers: HDFC Bank, Axis Bank, ICICI Bank, L&T and Titan
Top Nifty Index Losers : Eternal, Asian Paints, Eicher Motors, NTPC and Sun Pharma.
| STOCK | Good Above | Weak Below |
| AXISBANK | 1242 | 1230 |
| BSE | 2980 | 2950 |
| CUMMINSIND | 4725 | 4675 |
| TATACONSUM | 1060 | 1050 |
Prediction for Tuesday NIFTY can go up if it goes above 22,900 or down after the level of 22,800, but it also depends upon the Global cues.
Nifty Index 50 (22,968): NIFTY is currently in a negative trend. If you are holding short positions, continue to hold with a daily closing stop-loss at 22,982. Fresh long positions can be initiated if NIFTY closes above 22,982 levels. Resistance is seen between 22,900–23,200, while support is placed in the 22,800–22,400 range.
| Highest Call Writing at | 22,900 (76.7 Lk) |
| Highest Put Writing at | 22,800 (1.1 Cr) |
Nifty Index Support and Resistance
| Support | 22,800–22,400 |
| Resistance | 22,900–23,200 |
Prediction For Tuesday BANKNIFTY can go up if it goes above 52,500 or down after the level of 51,800, but it also depends upon the Global cues.
Nifty Index Bank (52,609): Bank Nifty Index Index has entered a positive trend in the last trading session. You can consider long positions with a stop-loss at 50,384 on a daily closing basis. The index would be considered strong as long as it trades above 50,384 levels. Resistance is seen between 52,500–53,400, while support is placed in the 51,800–51,000 range.
Bank Nifty Index Index Support and Resistance
Disclaimer : Equity & Trading is Subject to Market Risk. Kindly consult your Advisor Beofre taking Any Entries. Use our Contents for Educational Knowledge Development.
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