In Stock market today Nifty ended above 19,500, Sensex gains 481 pts; IT, pharma gain, autos slip
Stock Market Nifty Chart Prediction.
As of August 4, the benchmark indices in India ended higher, with Nifty closing above 19,500. Some of the biggest gainers on the Nifty were Cipla, IndusInd Bank, Tech Mahindra, Wipro, and Bharti Airtel, while SBI, Bajaj Auto, BPCL, NTPC, and Maruti Suzuki were among the losers.
On the sectoral front, the Pharma and Information Technology indices were up 1 percent each, and the bank, capital goods, and metal sectors added 0.5 percent each. However, the auto and power sectors experienced selling pressure.
BSE midcap and smallcap indices also performed positively, with both adding 0.5 percent each.
Prediction For Monday NIFTY can open Flat to 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 above its important level of 19500 after giving strong bounce from its Thursdays low. If Nifty gives a Gap down opening, it may move to the level of 19600. But all these aspects depend upon the Global cues.
| Highest Call Writing at | 19600 (69.8 LK) 20000 (60.1 LK) |
| Highest Put Writing at | 19500 ( 59.6 LK) 19400 (68 LK) |
Nifty Support and Resistance
| Support | 19500,19450 |
| Resistance | 19550,19600 |
Bank Nifty Daily Chart Prediction
Prediction For Monday Bank NIFTY can open Flat to Green but all depend upon the Global cues.
Today, BANK NIFTY was more strong as compared to nifty it was in up trend after giving small dip in morning. Today bank nifty has closed below its critical level of 44800 which has made bank nifty strong again For Monday you can go with the strategy of buy on dip.
| Highest Call Writing at | 45500 (32.2 LK) 47000 (29.9 LK) |
| Highest Put Writing at | 45000 ( 20.1 LK) 44500 ( 22.7 LK ) |
Bank Nifty Support and Resistance
| Support | 44650,44500 |
| Resistance | 44950,45100 |
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