The Nifty opened flat and remained largely rangebound throughout the session, reflecting caution among investors ahead of the U.S. Federal Reserve policy meeting. From a technical perspective, a sustained move above the 25,160 level could open the door for a rally toward 25,250 and 25,500. On the downside, immediate support lies at 25,000 and 24,900, which may act as potential entry points for long trades. Sectorally, Consumer Durables, Auto, IT, and Pharma ended lower by 0.3–0.6 percent, while Capital Goods, Realty, Power, and Telecom gained between 0.5–2.5 percent.
The Nifty 50 prediction today indicates a sideways to bullish trend. The range is between 24900 and 25250, with support at 24900-24950 and resistance at 25200-25250. Traders should monitor these crucial levels closely for potential market shifts.
Bank Nifty also ended on a flat note, with price action reflecting a rangebound market and forming a Doji candle on the daily chart—signaling indecision. A decisive break below the key support of 54,800 could drag the index toward 54,670 and 54,500. However, if these support levels hold, a potential reversal could present fresh buying opportunities. On the upside, resistance is placed in the 55,000–55,170 zone, and a breakout above this range may trigger momentum toward 55,600.
Today Bank Nifty prediction suggests a sideways to bullish range between 54500 and 55200, with strong support at 54500-54600 and resistance at 55100-55200. Traders should monitor these crucial levels closely for potential market shifts.
On September 15, Indian equity markets closed on a flat note after a day of rangebound trade. Despite intraday fluctuations, indices ended marginally lower. At the close, the Sensex was down 118.96 points, or 0.15 percent, at 81,785.74, while the Nifty slipped 44.80 points, or 0.18 percent, to settle at 25,069.20.
The SENSEX today prediction is projected to move in a sideways to bullish range, between 81200 and 82300. Key support is expected around 81200-81300, while resistance is likely near 82200-82300. Traders should monitor these crucial levels closely, as a breakout in either direction could signal a significant market move.
Meanwhile, the India VIX, a key gauge of market volatility, rose 2.72 percent to 10.39, indicating subdued volatility but rising uncertainty among market participants. In the derivatives segment, open interest (OI) data showed the highest call writing at the 25,100 and 25,200 strike prices, while the maximum put OI was concentrated at the 25,000 level. This positioning suggests strong resistance near the 25,100 zone. Nevertheless, overall sentiment remains cautiously optimistic, and a decisive close above this resistance will be crucial to sustain bullish momentum in the near term.
Prediction is given by the Technical Research Team - Choice.
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