In the stock market today, Nifty ends below 25,000, while the Sensex gains 144 points; IT and pharma stocks decline.
Stock Market Nifty Chart Prediction.
On October 10, The Sensex gained 144.31 points to reach 81,611.41, while the Nifty rose by 16.50 points standing at 24,998.50. Approximately 2,152 shares saw gains,-1,585 shares dropped, and 119 shares remained unchanged.
Top Nifty gainers: Kotak Mahindra Bank, HDFC Bank, Bharat Electronics, Maruti Suzuki,
Top Nifty Losers: Cipla, Trent, Tech Mahindra, Sun Pharma and Hero MotoCorp.
All sectoral indices, except for metal, finished in positive territory, with auto, banking, healthcare, real estate, capital goods, power, telecom, and media rising by 1-2 percent.
BSE midcap index was down 0.3%, while smallcap index was up 0.4%
Stock Prediction for 11th Oct 2024.
| STOCK | Good Above | Weak Below |
| AXISBANK | 1190 | 1173 |
| JSWSTEEL | 1020 | 1008 |
| MGL | 1880 | 1850 |
| POWERGRID | 338 | 333 |
Prediction For Friday, NIFTY can go up if it goes above 25,050 or down after the level of 25,000, but it all depends upon the Global cues.
The Nifty opened on a positive note but was unable to maintain its upward momentum, trading within a range and ending slightly in the green with a gain of around 25 points. On the daily charts, it appears that Nifty is still retracing the 1500-point decline. We anticipate that the retracement is not yet over, and there is potential for further upward movement toward the 25,050 and 25,500 range. The current consolidation phase presents a buying opportunity, with key support positioned between 25,000 and 24,700.
| Highest Call Writing at | 25,050 (2.8 Crore) |
| Highest Put Writing at | 25,000 (1.3 Crore) |
Nifty Support and Resistance
| Support | 25,000 and 24,700. |
| Resistance | 25,050 and 25,500 |
Bank Nifty Daily Chart Prediction.
Prediction For Friday, Bank NIFTY can go up if it goes above 52,000 or down after the level of 51,000, but it all depends upon the Global cues.
Bank Nifty experienced a pullback to the crucial hourly moving average zone of 51,000–50,500. We anticipate the upward movement to persist, aiming for levels around 52,000–52,400. However, the rise is expected to be gradual due to selling pressure at higher levels. Overall, we believe the index will maintain a positive bias, and this intermediate correction presents a good buying opportunity.
| Highest Call Writing at | 51,000 (16.8 Lakhs) |
| Highest Put Writing at | 52,000 (18.0 Lakhs) |
Bank Nifty Support and Resistance
| Support | 51,000 and 50,500 |
| Resistance | 52,000 and 52,400 |
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