In today’s stock market, Nifty is above 24,400 and the Sensex has gone up by 295 points, but banking stocks are pulling the market down.
Stock Market Nifty Chart Prediction
On April 05, Sensex rose by 294.85 points to 80,796.84, and the Nifty gained 114.45 points to reach 24,461.15. In the market, 2,462 stocks advanced, –1,404 declined, and 171 remained unchanged.
Top Nifty gainers: Adani Ports, Adani Enterprises, Trent, Shriram Finance, M&M
Top Nifty Losers: Kotak Mahindra Bank, ONGC, Dr Reddy’s Labs, JSW Steel, SBI.
All sectors ended higher except banks; auto, power, energy, consumer durables, metal, FMCG, and oil & gas rose around 1%.
BSE midcap and smallcap indices added more than a percent each.
Stock Prediction for 6th May 2025
| STOCK | Good Above | Weak Below |
| GODREJPROP | 2256 | 2232 |
| ICICIGI | 1880 | 1860 |
| MUTHOOTFIN | 2185 | 2162 |
| UPL | 683 | 676 |
Prediction for Tuesday NIFTY can go up if it goes above 24,500 or down after the level of 24,200, but it all depends upon the Global cues.
The market remains positive but with less enthusiasm. Strong foreign inflows, record GST collections, a weak dollar, and lower oil prices support sentiment. However, gains are now more focused on specific stocks and sectors. Monday’s small-bodied candlestick suggests that short-term consolidation may persist. The market has recovered over half of its recent losses, with resistance at 24,500–24,800 and support at 24,200–23,800.
| Highest Call Writing at | 24,500 (1.3 cr) |
| Highest Put Writing at | 24,200 (83.5 lakh) |
Nifty Support and Resistance
| Support | 24,200–23,800 |
| Resistance | 24,500–24,800 |
Bank Nifty Daily Chart Prediction
Prediction For Tuesday, BANKNIFTY can go up if it goes above 55,400 or down after the level of 54,900, but it all depends upon the Global cues.
Bank Nifty (54,920) is in a downtrend. Hold short positions with a stoploss at 55,686. New long positions can be considered only if it closes above 55,686. Resistance is around 55,400–56,000, and support lies between 54,900 and 54,000.
| Highest Call Writing at | 55,400 (12.4 lakh) |
| Highest Put Writing at | 54,900 (11.8 lakh) |
Bank Nifty Support and Resistance
| Support | 54,900 and 54,000 |
| Resistance | 55,400–56,000 |
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