On March 14th, 2024, the Indian stock markets experienced a mixed day. The Nifty reached 22,150 points, marking a positive movement, while the Sensex rose by 336 points. However, the banking sector didn’t fare as well, showing a lackluster performance.
Aspect
Details
Market Performance
Nifty closed at 22,150 (+149.00), Sensex rose by 335.39 points. Top gainers: Adani, Hero, ONGC.
Sectoral Performance
Except banking, all sectors ended positively. Telecom, power, oil & gas sectors added 3%.
Midcap & Smallcap Indices
BSE Midcap rose by 2.2%, Smallcap gained 3%, outperforming main indices.
Nifty Predictions
Resistance at 22,150, support at 22,100. Possible bullish trend with break above 22,200.
Bank Nifty Predictions
Resistance at 47,000, support at 46,720. Uncertainty depicted by a doji candle; potential upward movement.
Market Performance
Nifty: Closed at 22,150, gaining 149.00 points.
Sensex: Rose by 335.39 points to reach 73,097.2.
Top Gainers: Adani Enterprises, Adani Ports, Hero MotoCorp, Hindalco Industries, and ONGC.
Top Losers: Axis Bank, IndusInd Bank, Bajaj Finance, Tata Steel, and JSW Steel.
Sectoral Performance
Except for Banking Stocks, all other sectors ended positively.
Telecom, power, and oil & gas sectors each added 3%.
Auto, capital goods, FMCG, Information Technology, healthcare, and metal sectors rose by 1 to 2%.
Midcap and Smallcap Indices
BSE Midcap index rose by 2.2%.
Smallcap index gained 3%, outperforming the main indices.
Nifty Stock Prediction for March 15th, 2024
Key Levels
Resistance: 22,150, 22,200.
Support: 22,100, 22,000.
Predictions
Nifty might face resistance around 22,150-22,200.
Breaking above 22,200 could drive it towards 22,500 soon.
Support levels are seen at 22,100-22,000.
Stock Predictions
Stock
Good Above
Weak Below
APOLLOHOSP
6050
6000
KOTAKBANK
1750
1722
TATAMOTORS
976
961
SAIL
123
120
Bank Nifty Prediction for March 15th, 2024
Key Levels
Resistance: 47,000, 47,500.
Support: 46,720, 46,060.
Predictions
Bank Nifty saw uncertainty, depicted by a doji candle on the daily chart.
Immediate resistance at 47,000; breaking above could signal upward movement.
Support lies at 46,720-46,060; breaking below could lead to further declines.
Bank Nifty Support and Resistance
Support
Resistance
46,720
47,000
46,060
47,500
FAQs
1. What were the top gainers and losers in the stock market on March 14th, 2024?
Top gainers: Adani Enterprises, Adani Ports, Hero MotoCorp, Hindalco Industries, and ONGC.Top losers: Axis Bank, IndusInd Bank, Bajaj Finance, Tata Steel, and JSW Steel.
2. What sectors performed well on March 14th, 2024?
Except for Banking Stocks, all other sectors ended positively. Telecom, power, and oil & gas sectors each added 3%, while auto, capital goods, FMCG, Information Technology, healthcare, and metal sectors rose by 1 to 2%.
3. What were the key resistance and support levels for Nifty and Bank Nifty on March 15th, 2024?
Nifty: Resistance at 22,150, 22,200; Support at 22,100, 22,000.Bank Nifty: Resistance at 47,000, 47,500; Support at 46,720, 46,060.
4. What indicators suggest a possible bullish trend for Nifty?
Despite negative sentiment initially, bulls managed to push the Nifty back into the rising channel by the end of the session. This indicates a possible shift to a bullish trend.
5. How did the Midcap and Smallcap indices perform compared to the main indices?
The BSE Midcap index rose by 2.2%, while the Smallcap index gained 3%, outperforming the main indices.
