In the stock market today, Nifty ends below 25,000, Sensex drops 230 points in a narrow trading session; metal stocks outperform.
Stock Market Nifty Chart Prediction.
On October 11, The Sensex fell by 230.05 points, to 81,381.36, while the Nifty dropped 34.20 points, to 24,964.30. Approximately 2,040 stocks gained, -1,675 declined, and 119 remained unchanged.
Top Nifty gainers: M&M, TCS, ICICI Bank, Cipla and Power Grid Corp,
Top Nifty Losers: Cipla, Trent, Tech Mahindra, Sun Pharma and Hero MotoCorp.
In terms of sectors, auto, banking, power, and real estate all declined by 0.5%, while IT, metals, oil & gas, pharma, and media sectors rose between 0.5% and 1%.
BSE midcap and smallcap indices rose 0.4% each.
Stock Prediction for 14th Oct 2024.
| STOCK | Good Above | Weak Below |
| EICHERMOT | 4761 | 4700 |
| INFY | 1940 | 1915 |
| LT | 3510 | 3470 |
| OBEROIRLTY | 1920 | 1890 |
Prediction For Monday, NIFTY can go up if it goes above 25,350 or down after the level of 25,000, but it all depends upon the Global cues.
Nifty started slightly in the red and remained within a tight range, ending with a loss of around 24 points. For the past three trading sessions, Nifty has been consolidating between 25,200 and 24,900. We anticipate an upward breakout from this consolidation, with a potential rally toward 25,350 – 25,500. Key support levels are seen at 25,000 – 24,700.
| Highest Call Writing at | 25,350 (75.4 Crore) |
| Highest Put Writing at | 25,000 (50.6 Crore) |
Nifty Support and Resistance
| Support | 25,000 and 24,700. |
| Resistance | 25,350 and 25,500 |
Bank Nifty Daily Chart Prediction.
Prediction For Monday, 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 has been trading in a narrow range between 50,900 and 51,500 over the last three sessions. We anticipate an upward breakout from this consolidation, with a potential rally toward 52,000 – 54,000 in the short term. Key support levels are positioned at 51,000 – 50,300.
| Highest Call Writing at | 51,000 (28.0 Lakhs) |
| Highest Put Writing at | 52,000 (17.0 Lakhs) |
Bank Nifty Support and Resistance
| Support | 51,000 and 50,300 |
| Resistance | 52,000 and 54,000 |
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