In the stock market today, Sensex plunges 1,769 points, Nifty drops 2% in the largest market decline in two months.
Stock Market Nifty Chart Prediction.
On October 03, The Sensex dropped by 1,769.19 points, closing at 82,497.10, while the Nifty fell 546.80 points, to settle at 25,250.10. Around 1,077 shares saw gains, -2,740 shares fell, and 86 remained unchanged.
Top Nifty gainers: JSW Steel, ONGC,
Top Nifty Losers: BPCL, L&T, Tata Motors, Shriram Finance, Axis Bank
In the sector performance, there was buying in media, auto, and IT, while selling occurred in telecom, power, FMCG, oil and gas, and real es
BSE Midcap and smallcap indices down 2% each.
Stock Prediction for 04th Oct 2024.
| STOCK | Good Above | Weak Below |
| BHARTIARTL | 1700 | 1670 |
| HDFCLIFE | 709 | 702 |
| M&M | 3162 | 3112 |
| NATIONALALUM | 225 | 221 |
Prediction For Friday, NIFTY can go up if it goes above 25,300 or down after the level of 25,200, but it all depends upon the Global cues.
The Nifty opened with a gap down and, after a brief recovery, continued to slide lower, closing significantly in the red. The daily charts show that Nifty closed below the crucial 20-day moving average of 25,508, indicating weakness. On the upside, the immediate resistance lies between 25,300 and 25,500, while support on the downside is in the 25,200 to 24,900 range.
| Highest Call Writing at | 25,300 (2.2 Crore) |
| Highest Put Writing at | 25,200 (2.6 Crore) |
Nifty Support and Resistance
| Support | 25,200 and 24,900 |
| Resistance | 25,300 and 25,500 |
Bank Nifty Daily Chart Prediction.
Prediction For Friday, Bank NIFTY can go up if it goes above 52,500 or down after the level of 52,000, but it all depends upon the Global cues.
Bank Nifty ended below its key short-term moving averages. After leading the upward movement in late September, Bank Nifty is now reversing course and driving the decline. The downward trend is expected to continue, potentially testing the August low of 49,700. On the upside, resistance is seen between 52,500 and 53,000, while support is located in the 52,000 to 51,600 range.
| Highest Call Writing at | 52,500 (22.7 Lakhs) |
| Highest Put Writing at | 52,000 (13.5 Lakhs) |
Bank Nifty Support and Resistance
| Support | 52,000 and 51,600 |
| Resistance | 52,500 and 53,000 |
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