In the Stock Market Today, Nifty crosses 25,000 as Sensex rises 362 points, with IT, media, and telecom sectors performing well.
Stock Market Nifty Chart Prediction.
On September 11, The Sensex dropped by 398 points to 81,523.16, while the Nifty fell 122.65 points to 24,918.45. A total of 1,619 stocks advanced, -2,345 declined, and 106 remained unchanged.
Top Nifty gainers: Asian Paints, Bajaj Finance, and Sun Pharma,
Top Nifty Losers: Tata Motors, NTPC, and Adani Ports & SEZ.
Among the sectors, the Nifty Oil & Gas Index saw the sharpest decline, dropping 2%, followed by Nifty PSU Bank and Nifty Metal, which decreased by 1.8% and 1.5%, respectively.
BSE midcap index was down 0.5% and Smallcap index losses 0.6%
Stock Prediction for 12th Sept 2024.
| STOCK | Good Above | Weak Below |
| APOLLOTYRE | 523 | 518 |
| HCLTECH | 1786 | 1764 |
| SHRIRAMFIN | 3280 | 3248 |
| TORANTPHARM | 3460 | 3420 |
Prediction For Thursday, NIFTY can go up if it goes above 25,000 or down after the level of 24,500, but it all depends upon the Global cues.
The benchmark indices saw profit booking at higher levels, with the Nifty closing 122 points down. On the daily charts, a small bearish candle was formed, while intraday charts showed a lower top formation, indicating short-term weakness. After a subdued opening, the market once again faced resistance around the 25,000-25,500 range, with support in the 24,500-24,000 zone.
| Highest Call Writing at | 25,000 (1.2 Crore) |
| Highest Put Writing at | 24,500 (69.9 Lakhs) |
Nifty Support and Resistance
| Support | 24,500 and 24,000 |
| Resistance | 25,000 and 25,500 |
Bank Nifty Daily Chart Prediction.
Prediction For Thursday, Bank NIFTY can go up if it goes above 51,300 or down after the level of 51,100 but it all depends upon the Global cues.
Bank Nifty is currently in a downward trend. If you have short positions, it’s advisable to hold them with a daily closing stop-loss at 51,320. Resistance on the upside is between 51,300-51,500, while support on the downside lies at 51,100-50,800.
| Highest Call Writing at | 51,300 (85.2 Lakhs) |
| Highest Put Writing at | 51,100 (1.4 Crore) |
Bank Nifty Support and Resistance
| Support | 51,100 and 50,800 |
| Resistance | 51,300 and 51,500 |
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