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
<strong>1. What were the top gainers and losers in the stock market on March 14th, 2024?<br></strong>
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.
<strong>2. What sectors performed well on March 14th, 2024?<br></strong>
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%.
<strong>3. What were the key resistance and support levels for Nifty and Bank Nifty on March 15th, 2024?<br></strong>
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.
<strong>4. What indicators suggest a possible bullish trend for Nifty?<br></strong>
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.
<strong>5. How did the Midcap and Smallcap indices perform compared to the main indices?<br></strong>
The BSE Midcap index rose by 2.2%, while the Smallcap index gained 3%, outperforming the main indices.
