In the Stock Market Today, Sensex and Nifty closed flat on expiry day, with gains observed in the auto, oil & gas, and media sectors.
Stock Market Nifty Chart Prediction.
On July 25, The Sensex fell by 109.08 points, settling at 80,039.80, while the Nifty dropped by 7.40 points, to close at 24,406.10. There were 1791 advancing shares, -1635 declining shares, and 77 shares remained unchanged.
In terms of sectors, auto, capital goods, power, oil & gas, healthcare, and media saw gains of 0.5-3 percent. Conversely, the bank, IT, metal, realty, and telecom sectors declined by 0.5-1 percent.
Top Nifty gainers: Tata Motors, ONGC, SBI Life Insurance, BPCL and Sun Pharma,
Top Nifty Losers: Axis Bank, Nestle India, Titan Company, ICICI Bank and Tata Steel.
BSE Midcap and smallcap indices ended marginally lower.
Stock Prediction for 26th July 2024.
| STOCK | Good Above | Weak Below |
| APOLLOTYRE | 541 | 535 |
| ITC | 495 | 489 |
| JUBLFOOD | 582 | 576 |
| NTPC | 395 | 390 |
Prediction For Friday, NIFTY can go up if it goes above 24,400 or down after the level of 24,300 but it all depends upon the Global cues.
The Nifty opened with a gap down but experienced a pullback, closing slightly in the red with a 7 point loss. After the gap down at the open, it did not face continued selling pressure and managed a recovery. We believe the Index is in a counter-trend pullback, potentially extending towards 24,500 – 24,550. Resistance levels are between 24,400 and 24,500, while support levels range from 24,300 to 24,100.
| Highest Call Writing at | 24,400 (2.3 Crore) |
| Highest Put Writing at | 24,300 (2.2 Crore) |
Nifty Support and Resistance
| Support | 24,300-24,100 |
| Resistance | 24,400- 24,500 |
Bank Nifty Daily Chart Prediction.
Prediction For Friday, Bank NIFTY can go up if it goes above 51,500 or down after the level of 51,000 but it all depends upon the Global cues.
Bank Nifty has been at the forefront of this decline, hitting our short-term target of 50,600 today before consolidating. Given that it has reached a significant support level, the decline may become less severe, and we might see consolidation in the near term. The resistance level is between 51,500 and 52,000, while the support level ranges from 51,000 to 50,500.
| Highest Call Writing at | 51,500 (21.6 Lakhs) |
| Highest Put Writing at | 51,000 (15.2 Lakhs) |
Bank Nifty Support and Resistance
| Support | 51,000-50,500 |
| Resistance | 51,500-52,000 |
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