In the Stock Market Today, Sensex decreased by 230 points, with Nifty surpassing 24,000. The metal and pharmaceutical sectors shine today.
Stock Market Nifty Chart Prediction.
At the close of trading, the Sensex expired lower by 210.45 points, at 79,032.73, and the Nifty expired down by 33.90 points, at 24,010.60. Of the stocks traded, 1929 shares advanced, 1449 shares expired lower, and 80 shares remained unchanged.
Top Nifty gainers: ONGC, Dr Reddy’s Labs, Reliance Industries, SBI Life Insurance and Tata Motors
Top Nifty Losers: IndusInd Bank, Bharti Airtel, Axis Bank, ICICI Bank and Kotak Mahindra Bank.
Healthcare, metal, PSU banks, oil & gas, and realty sectors gained 0.5-1%, while banks and capital goods sectors fell.
The BSE midcap and smallcap index added 0.5 percent each.
Stock Prediction for 28th June 2024.
| STOCK | Good Above | Weak Below |
| APOLLOHOSP | 6202 | 6162 |
| HDFCLIFE | 600 | 594 |
| MPHASIS | 2475 | 2450 |
| NESTLEIND | 2565 | 2540 |
Prediction For Monday, NIFTY can go up if it goes above 24,500 or down after the level of 23,870 but it all depends upon the Global cues.
The Nifty started the day flat but saw a decline as trading progressed, ending with an expiry of 176 points, or 0.14%, at 24,010.60. The index formed a small red candle, ending a four-day winning streak. Despite this, sentiment remains positive as the index closed well above the important moving average. Resistance is noted between 24,000 and 24,500, while support is seen at levels ranging from 23,870 to 23,700.
| Highest Call Writing at | 24,500 (55.5 L) |
| Highest Put Writing at | 23,870 (56.4 L) |
Nifty Support and Resistance
| Support | 23,870 – 23,700 |
| Resistance | 24,000 – 24,500 |
Bank Nifty Daily Chart Prediction.
Prediction For Monday, Bank NIFTY can go up if it goes above 53,000 or down after the level of 52,000 but it all depends upon the Global cues.
The BankNifty index had been rising steadily without a break until last week when it finally saw a significant drop. If more selling continues, the index might keep going down; otherwise, it might stay in the same place for a while.
To maintain its upward trajectory towards the 52700-53000 levels, the index needs to hold decisively above 53,000. However, as it is currently in overbought territory, failing to stay above 53,000 could result in a decline to the 52,600/52,000 levels.
| Highest Call Writing at | 53,000 (39.8 Lakhs) |
| Highest Put Writing at | 52,600 (18.8 Lakhs) |
Bank Nifty Support and Resistance
| Support | 53,400 – 51,700 |
| Resistance | 52,600- 52,000 |
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