In Stock market today, Sensex, Nifty end lower amid volatility; IT, metals shine
Stock Market Nifty Chart Prediction.
On August 1, the benchmark indices in India experienced a volatile trading session and ended with marginal losses. The Sensex, which represents the 30 largest and most actively traded stocks on the Bombay Stock Exchange (BSE), closed down 68.36 points or 0.10% at 66,459.31. Meanwhile, the Nifty, which represents the 50 large-cap stocks on the National Stock Exchange (NSE), ended the day down 20.30 points or 0.10% at 19,733.50.
During the session, there were 2032 advancing stocks, 1437 declining stocks, and 156 stocks remained unchanged.
Some of the top gainers on the Nifty included Coal India, NTPC, Tech Mahindra, HCL Technologies, and LTIMindtree. On the other hand, the losers included Power Grid Corp, Hero MotoCorp, Apollo Hospitals, Bajaj Finserv, and IndusInd Bank.
Looking at the performance of different sectors, the Realty index saw a decline of nearly 2 percent, and the PSU Bank index was down 0.5 percent. However, the Information Technology index rose by 1 percent, and the Metal index added 0.75 percent.
In terms of market capitalization, the BSE Midcap index fell 0.2 percent, while the Smallcap index gained 0.5 percent.
Prediction For Wednesday NIFTY can open Flat but all depend upon the Global cues.
There are good chances of Flat opening for Wednesday as NIFTY is closed Flat after being range bounce from its opening. If Nifty gives a Flat opening, it will be in no trading zone we can take a trade when it will go beyond the range. But all these aspects depend upon the Global cues.
| Highest Call Writing at | 19800 |
| Highest Put Writing at | 19700 |
Nifty Support and Resistance
| Support | 19600,19700 |
| Resistance | 19800,19900 |
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 downside move from its opening high. But bank nifty has closed above its critical level of 45500 which has made bank nifty strong For Wednesday you can go with the strategy of buying on the dip.
| Highest Call Writing at | 45700,46000 |
| Highest Put Writing at | 45500,44000 |
Bank Nifty Support and Resistance
| Support | 45500,45350 |
| Resistance | 45475,45275 |
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