In the Stock Market Today, Nifty exceeds 22,600, while Sensex surges by 2,303 points; all sectors show gains.
Stock Market Nifty Chart Prediction.
On June 6 Sensex went up by 692.27 points, or 0.93%, reaching 75,074.51, while the broader Nifty50 rose by 201.05 points, or 0.89%, to 22,821.40. About 2693 shares advanced, 705 shares declined, and 69 shares.
Top Nifty gainers: SBIN, INFOSYS, TCS, L&T and ONGC
Top Nifty Losers: Asian Paints, M&M, Axis Bank, Britannia and Cipla
On the Nifty, SBIN, INFOSYS, TCS, L&T, and ONGC saw significant gains, while Asian Paints, M&M, Axis Bank, Britannia, and Cipla were among those that lost value.
BSE midcap index gained 2 % while the smallcap index rose 3 %.
Stock Prediction for 07th June 2024.
| STOCK | Good Above | Weak Below |
| BANKBARODA | 272 | 268 |
| BHEL | 281 | 276 |
| METROPOLIS | 2048 | 2025 |
| TATAPOWER | 435 | 430 |
Prediction For Friday, NIFTY can go up if it goes above 23,000 or down after the level of 22,000 but it all depends upon the Global cues.
The Nifty started the day with a higher opening, then stayed steady throughout, keeping its gains and finishing the day up by around 201 points in positive territory.The significant rebound in the latter half of the session, closing above the 22,900 mark, suggests a possible bullish reversal. If the price finishes above the 22,900 level, it could potentially climb to 23,000 and higher in the days ahead. Resistance is identified at the 22,800-23,000 range, while support is found at 22,000-21,800.
| Highest Call Writing at | 23,000 (1.3 Crore) |
| Highest Put Writing at | 22,000 (85.0 Lakhs) |
Nifty Support and Resistance
| Support | 22,000 – 21,800 |
| Resistance | 22,800 – 23,000 |
Bank Nifty Daily Chart Prediction.
Prediction For Friday, Bank NIFTY can go up if it goes above 49,700 or down after the level of 48,900 but it all depends upon the Global cues.
Bank Nifty experienced a rangebound trading day. The upcoming RBI policy announcement is expected to impact Bank Nifty tomorrow. We anticipate that Bank Nifty will consolidate around 49,000 during tomorrow’s session. Resistance levels are projected between 49,700 and 50,000, while support levels are estimated between 48,900 and 48,500.
| Highest Call Writing at | 49,700 (16.5 Lakhs) |
| Highest Put Writing at | 48,900 (11.3 Lakhs) |
Bank Nifty Support and Resistance
| Support | 48,900 – 48,500 |
| Resistance | 49,700 – 50,000 |
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