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In today’s stock market, Markets halted their three-day losing streak Sensex gains 639 pts, Nifty Index near 24,100.
Top Nifty Index gainers: Sun Pharma, Tech Mahindra, Reliance Industries, Wipro, Jio Financial Services
Top Nifty Index Losers : Shriram Finance, Axis Bank, Bharat Electronics, ICICI Bank, Tata Consumer Products.
| STOCK | Good Above | Weak Below |
| BLUESTARCO | 1925 | 1905 |
| HINDZINC | 631 | 625 |
| RELIANCE | 1376 | 1364 |
| VOLTAS | 1524 | 1508 |
Prediction for Tuesday NIFTY can go up if it goes above 24,500 or down after the level of 24,000, but it also depends upon the Global cues.
Nifty Index is showing a mild recovery after recent weakness; however, it is still facing resistance near higher levels. Moreover, as long as the index sustains above 24,000, the short-term structure remains stable and dips may attract buying interest. On the other hand, a breakdown below 24,000 could push the index toward the 23,000 support zone. Meanwhile, the 24,500–25,000 range will act as a crucial resistance band. Therefore, a sustained move above 24,500 may trigger fresh upside momentum, whereas failure to cross it could keep the market range-bound.
| Highest Call Writing at | 24,500 (1.1 Cr) |
| Highest Put Writing at | 24,000 (1.3 Cr) |
Nifty Index Support and Resistance
| Support | 24,000–23,000 |
| Resistance | 24,500–25,000 |
Prediction For Tuesday BANKNIFTY can go up if it goes above 56,500 or down after the level of 55,500, but it also depends upon the Global cues.
Bank Nifty Index Index is trading in a sideways-to-positive range; however, it is facing resistance near higher levels. Moreover, as long as the index holds above 55,500, the structure remains stable and dips may attract buying interest. On the other hand, a breakdown below 55,500 could drag it toward the 54,000 support zone. Meanwhile, the 56,500–59,000 range will act as a strong resistance band. Therefore, a sustained move above 56,500 can trigger fresh upside momentum. Consequently, traders should watch key levels closely and act on confirmation.
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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