In the Stock Market Today, Nifty stands at 24,950 while Sensex rises by 286 points; gains observed in metal, pharma, and power sectors.
Stock Market Nifty Chart Prediction.
On July 31, The Sensex rose by 285.94 points, reaching 81,741.34, while the Nifty gained 93.90 points, to settle at 24,951.20. In the market, approximately 1,828 shares advanced, -1,613 shares declined, and 78 shares remained unchanged.
In terms of sectors, all indices closed in the green except for realty and PSU Bank. The media, power, healthcare, metal, and pharma sectors each gained 1 percent.
Top Nifty gainers: NTPC, Asian Paints, BPCL, JSW Steel and Tata Motors
Top Nifty Losers: Britannia Industries, Dr Reddy’s Labs, Tata Consumer, Reliance, Grasim Industries.
BSE Midcap index increased by almost 1% and Smallcap index ended on flat note.
Stock Prediction for 01st August 2024.
| STOCK | Good Above | Weak Below |
| ADANIENT | 3185 | 3155 |
| ICICIBANK | 1225 | 1208 |
| LAURUSLABS | 467 | 467 |
| SHIRIRAMFIN | 2943 | 2916 |
Prediction For Thursday, NIFTY can go up if it goes above 25,200 or down after the level of 24,500 but it all depends upon the Global cues.
Indian benchmark indices closed higher for the fourth consecutive session on July 31, with Nifty at 24,950. Nifty remained strong all day as traders shifted their positions to 24,900. The index broke out of its consolidation phase. It faces resistance at 25,200-25,500 and support at 24,500-24,000.
| Highest Call Writing at | 25,200 (82.2 Lakhs) |
| Highest Put Writing at | 24,500 (95.8 Lakhs) |
Nifty Support and Resistance
| Support | 24,500-24,000 |
| Resistance | 25,200- 25,500 |
Bank Nifty Daily Chart Prediction.
Prediction For Thursday, Bank NIFTY can go up if it goes above 52,000 or down after the level of 51,000 but it all depends upon the Global cues.
Bank Nifty is currently experiencing a negative trend. If you have short positions, it is advisable to maintain them with a daily closing stop loss set at 51,505. The resistance levels on the upside are between 52,000 and 52,800, while on the downside, the support levels are between 51,000 and 50,200.
| Highest Call Writing at | 52,000 (38.3 Lakhs) |
| Highest Put Writing at | 51,000 (27.2 Lakhs) |
Bank Nifty Support and Resistance
| Support | 51,300-51,000 |
| Resistance | 51,500-52,000 |
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