In Stock market today, Bulls fail to hold grip as Nifty ended around 19,650 and Sensex dips 106 points
Stock Market Nifty Chart Prediction.
On July 28, the Indian equity indices, namely the Sensex and Nifty, began the August series with a decline and ended lower for the second consecutive session. The negative sentiment was driven by selling in the information technology, banking, and oil & gas sectors.
By the end of the trading day, the Sensex closed down by 106.62 points or 0.16 percent at 66,160.20, while the Nifty was down by 13.90 points or 0.07 percent at 19,646.
Mixed global cues influenced the market’s performance, and the negative trend continued throughout the day, leading to further sell-offs. However, last-hour buying activity in the power and realty sectors helped in mitigating some of the losses.
For the entire week, the BSE Sensex recorded a loss of 0.78 percent, and the Nifty50 fell by 0.5 percent.
Among the top losers on the Nifty were Bajaj Finserv, HDFC Bank, BPCL, Tata Motors, and HCL Technologies. On the other hand, the top gainers included NTPC, Power Grid Corporation, Apollo Hospitals, Adani Enterprises, and M&M.
For Monday NIFTY can open flat to slight Green but all depend upon the Global cues.
There are good chances of flat to slight Gap up opening for Monday as NIFTY is closed flat after giving strong bounce from its low. If Nifty gives a Gap up opening, it may move to the level of 19800. But all these aspects depend upon the Global cues.
For Monday resistance will be 19800 and then 19900 where else support will come at the level of 19550
Bank Nifty Daily Chart Prediction
Today, BANK NIFTY was more weak as compared to nifty it was mostly in the range with high volatility. Bank nifty gave a sharp recovery from its days low. But bank nifty has closed below its critical level of 45500 which has made bank nifty weak For Monday you can go with the strategy of sell on rise
Monday Bank nifty resistance will be 45700 and 45800 where else support will be 45600 and 45250.
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