In the Stock Market Today, Day before the results, Sensex and Nifty jumped by over 3%, with Bank Nifty nearing the 51,000 level.
Stock Market Nifty Chart Prediction.
On May 03 Sensex rose by 2,507.47 points, reaching 76,468.78, while the Nifty gained 733.20 points, to hit 23,263.90. Out of the total shares, 2,205 advanced, -1,318 declined, and 100 remained unchanged.
Top Nifty gainers: Adani Ports, NTPC, SBI, Power Grid Corp and ONGC,
Top Nifty Losers: Infosys, LTIMindtree, HCL Technologies, Nestle and Dr Reddy’s Laboratories.
All the sectoral indices ended in the green with capital goods, PSU Bank, oil & gas, power and realty up 5-8 percent.
BSE midcap index rose 3.5% while smallcap index added 2%.
Stock Prediction for 04th June 2024.
| STOCK | Good Above | Weak Below |
| ASTRAL | 2162 | 2140 |
| EXIDEIND | 506 | 500 |
| HDFCBANK | 1580 | 1560 |
| TRENT | 4700 | 4660 |
Prediction For Tuesday, NIFTY can go up if it goes above 24,000 or down after the level of 23,000 but all depends upon the Global cues.
Nifty opened with a gap up and maintained a positive trend, closing with a gain of approximately 733 points. The daily charts indicate that Nifty has surpassed the previous swing high of 23,110, suggesting the beginning of a new upward movement that could reach between 23,500 and 23,740 in the short term. Resistance levels are identified at 24,000-24,700, while support levels are at 23,000-22,800.
| Highest Call Writing at | 24,000 (1.0 Crore) |
| Highest Put Writing at | 23,000 (80.6 Lakhs) |
Nifty Support and Resistance
| Support | 23,000 – 22,800 |
| Resistance | 24,000 – 24,700 |
Bank Nifty Daily Chart Prediction.
Prediction For Tuesday, Bank NIFTY can go up if it goes above 51,500 or down after the level of 50,000 but it all depends upon the Global cues.
Bank Nifty has reached a new all-time high, and we anticipate that the positive momentum will persist. Our short-term target of 51,000 has been met. The resistance levels are at 51,500-52,000, while the support levels are at 50,000-49,600.
| Highest Call Writing at | 51,500 (23.0 Lakhs) |
| Highest Put Writing at | 50,000 (14.1 Lakhs) |
Bank Nifty Support and Resistance
| Support | 50,000 – 49,600 |
| Resistance | 51,500 – 52,000 |
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