In today’s stock market, Sensex drops by 450 points in the second-to-last trading session of 2024, while Nifty closes below 23,650.
Stock Market Nifty Chart Prediction
On December 30, The Sensex dropped 450.94 points to close at 78,248.13, while the Nifty fell 168.50 points to settle at 23,644.90. Market breadth leaned negative, with 1,368 shares advancing, 2,460 shares declining, and 140 remaining unchanged.
Top Nifty gainers: Shriram Finance, HCL Tech and Adani Enterprises
Top Nifty Losers: Hindalco, Wipro, Tata Motors, Hero Motocorp, and JSW Steel.
BSE Midcap index is trading flat while smallcap index up 0.13 percent.
Stock Prediction for 31st Dec 2024
| STOCK | Good Above | Weak Below |
| COLPAL | 2760 | 2730 |
| IGL | 410 | 405 |
| JKCEMENT | 4624 | 4572 |
| LICI | 915 | 907 |
Prediction for Tuesday NIFTY can go up if it goes above 23,900 or down after the level of 23,650, but it all depends upon the Global cues.
The Nifty opened flat and made gains in the first half of the day, but then faced selling pressure in major stocks across sectors, causing it to reverse its upward trend. As a result, the Nifty ended near its lowest point of the day at 23,644.90. It is now struggling to stay above its long-term support level, the 200-day exponential moving average (DEMA). Resistance is seen between 23,900 and 24,200, while support is between 23,650 and 23,500.
| Highest Call Writing at | 23,900 (96.2 Lakh) |
| Highest Put Writing at | 23,650 (70.2 Lakh) |
Nifty Support and Resistance
| Support | 23,650 to 23,500 |
| Resistance | 23,900 and 24,200 |
Bank Nifty Daily Chart Prediction
Prediction For Tuesday, Bank NIFTY can go up if it goes above 51,500 or down after the level of 50,980, but it all depends upon the Global cues.
A bearish candle with an upper shadow formed on the daily chart, suggesting a potential downside breakout from the current range. This is a concerning sign and could indicate further weakness in the market. Resistance is seen between 51,500 and 52,000, which may act as a selling pressure zone. On the downside, support is found in the range of 50,980 to 50,500. Traders should keep a close eye on these levels for any breakouts or rebounds.
| Highest Call Writing at | 51,500 (13.2 Lakh) |
| Highest Put Writing at | 50,980 (13.3 Lakh) |
Bank Nifty Support and Resistance
| Support | 50,980 to 50,500 |
| Resistance | 51,500 and 52,000 |
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