Here we are going to see the Major Intraday Levels to Trade on Monday, 21st October 2024. On Friday, Nifty closed at 24862 price level which is 104 points above or 0.42 percentage higher than previous closing day. Metal and Bank Sector performed well on last trading section which takes Sensex in positive by around 300 points to close at 81224 level which is 218 points than opening levels.
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| Nifty Intraday Prediction for 21 October 2024, Monday |
Top Gainers in Nifty on Friday are Axis Bank, Wipro, Eicher Motors, ICICI Bank, Shriram Finance.Top losers in Nifty on Friday are Infosys, Britannia Industries, Nestle India, HUL and Asian Paints.
Banking and Metal sectors performance the best, which moves more than 1 percentage on last Trading section. Also, IT sector gives more than 1 percentage fall.
On the other side, Small cap indices closed at Red and Midcap at green.
Also Read our Previous Post About "Must Know things Before Starting Option Trading 2024"
Nifty Chart Analysis for 21 October 2024, Monday
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| Hourly chart for Nifty 50 indices |
Above Given is the Hourly chart for Nifty 50 indices which is drawn in Tradingview platform. When we look in to the Major Support and Resistance levels to trade on Upcoming Trading section on Monday, the Major Immediate Resistance is at 24889 to 24924 price range. If Nifty open below this Range and sustain below this can give Further downward movement towards the support levels at 24743 to 24730 price level. And further Down to 24700 to 24690 levels.
If the Nifty can break above or open above 24925 price level, it can move towards 25070 to 25089 price levels and give more further upward movement on Monday.
- Support 1:- 24743 to 24730
- Support 2:- 24700 to 24690
- Support 3:- 24572 to 24565
- Resistance 1:- 24890 to 24925
- Resistance 2:- 25070 to 25088
- Resistance 3:- 25230 to 25285
Final Thoughts
We have analysed the Major Support and Major Resistance level of Nifty 50 indices to Trade on Monday's Trading session. Follow the Levels to get the right entry combined with live day trading levels to take entries on Nifty Trades.
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Disclaimer: Trading involves risk, and past performance is not indicative of future results.Always conduct thorough research and consider consulting with a financial advisor before making any investment decisions. Trade responsibly.