16th Oct 2024 | Global Market Pressures Nifty 24400
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NIFTY Prediction
Nifty level of 25,200 proved to be a strong resistance, causing a sharp reversal and leading to range-bound activity. The index closed at 25,057.35, down 70.60 points. We expect upward momentum to continue in the coming sessions, targeting the 25,200–25,500 range. Support has shifted higher to 25,000–24,800.
BANK NIFTY Prediction
Bank Nifty Markets remain volatile, with key indices closing lower after Monday’s gains. Concerns about global economic uncertainty, driven by the ongoing West Asia conflict and a sharp decline in crude oil prices indicating a demand slowdown, persist. The support level is between 51,800–51,500 range, while resistance is seen between 52,000 and 52,500.
Breakout Stock for Trading (Future, Option & Swing Trading) with Last Day Breakout
| Sr. | Stock Name | Symbol | Links | % Chg | Price | Volume |
|---|---|---|---|---|---|---|
| 1 | Hindustan Petroleum Corporation Limited | HINDPETRO | P&F | F.A | 4.2% | 422.9 | 1,68,56,309 |
| 2 | Deepak Nitrite Limited | DEEPAKNTR | P&F | F.A | 2.96% | 2932.6 | 4,78,022 |
| 3 | Bata India Limited | BATAINDIA | P&F | F.A | 2.47% | 1450.65 | 2,87,862 |
| 4 | Bharat Petroleum Corporation Limited | BPCL | P&F | F.A | 2.35% | 348.75 | 1,71,83,945 |
| 5 | Mahanagar Gas Limited | MGL | P&F | F.A | 2.32% | 1833.4 | 5,44,796 |
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