In the stock market today, the Nifty index ended at about 25,000, while the Sensex also dropped by 700 points.
Stock Market Nifty Chart Prediction.
On October 04, the Sensex dropped by 808.65 points, ending at 81,688.45, while the Nifty fell by 200.30 points, finishing at 25,049.80. Out of the shares traded, 1,522 advanced, 2,266 declined, and 101 remained unchanged.
Top Nifty gainers: M&M, Bajaj Finance, Nestle India, BPCL, Asian Paints
Top Nifty Losers: Infosys, ONGC, Tata Motors, Wipro, HDFC Life.
Most sectors ended lower, with the exception of PSU Bank and IT. The auto, FMCG, real estate, power, media, telecom, and oil & gas sectors all dropped by 1 to 2 percent.
BSE Midcap and Smallcap indices lost nearly a percent each.
Stock Prediction for 07th Oct 2024.
| STOCK | Good Above | Weak Below |
| HAL | 4300 | 4250 |
| HINDALCO | 750 | 742 |
| INFY | 1936 | 1914 |
| TITAN | 3700 | 3660 |
Prediction For Monday, NIFTY can go up if it goes above 25,200 or down after the level of 25,000, but it all depends upon the Global cues.
The markets continued to struggle, losing over 1%. Domestic Equities continued their downward journey with Nifty breaching 25k in intra-day. After an initial drop, the Nifty made a strong recovery in the first half of the day, but heavy selling in major stocks pushed it briefly below 25,000. Resistance is expected between 25,200 and 25,500, while support is seen in the 25,000 to 24,800 range.
| Highest Call Writing at | 25,200 (72.1Lakh) |
| Highest Put Writing at | 25,000 (46.1 Lakh) |
Nifty Support and Resistance
| Support | 25,200 to 25,500 |
| Resistance | 25,000 to 24,800 |
Bank Nifty Daily Chart Prediction.
Prediction For Monday, Bank NIFTY can go up if it goes above 52,500 or down after the level of 51,000, 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. On the upside, resistance is seen between 52,500 and 53,000, while support is located in the 51,000 to 50,500 range.
| Highest Call Writing at | 52,500 (31.3 Lakhs) |
| Highest Put Writing at | 51,000 (15.8 Lakhs) |
Bank Nifty Support and Resistance
| Support | 52,500 and 53,000 |
| Resistance | 51,000 to 50,500 |
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