In the stock market today, Nifty falls below 25,850 due to profit booking, Sensex plunges 1,272 points, while media & metal stocks outperform
Stock Market Nifty Chart Prediction.
On September 30, The Sensex dropped by 1,272.07 points, to 84,299.78, while the Nifty declined by 368.20 points, to 25,810.80.
Top Nifty gainers: JSW Steel, Hindalco Industries, NTPC, Tata Steel, and Britannia Industries.
Top Nifty Losers: Power Grid Corp, Bharti Airtel, HDFC Bank, ICICI Bank, Kotak Mahindra Bank
The Metal and Media sectors ended higher, while Auto and Realty dropped over 1.60%. Mid and Smallcap stocks also declined but outperformed the Benchmark Index.
BSE midcap index saw slight losses, while the smallcap index closed flat.
Stock Prediction for 01st Oct 2024.
| STOCK | Good Above | Weak Below |
| ACC | 2525 | 2490 |
| MFSL | 1190 | 1175 |
| PIIND | 4700 | 4640 |
| SRF | 2510 | 2480 |
Prediction For Tuesday, NIFTY can go up if it goes above 26,000 or down after the level of 25,800, but it all depends upon the Global cues.
NIFTY has shifted into a negative trend during the last trading session. Traders may consider going short on NIFTY with a stop loss set at 26,186 based on daily closing prices. After a brief pause in the previous session, the Nifty dropped significantly, breaking below its recent consolidation range. Resistance levels are seen between 26,000 and 26,200, while support levels lie between 25,800 and 25,400.
| Highest Call Writing at | 26,000 (89.6 Lakh) |
| Highest Put Writing at | 25,800 (53.8 Lakh) |
Nifty Support and Resistance
| Support | 25,800 and 25,400 |
| Resistance | 26,000 and 26,200 |
Bank Nifty Daily Chart Prediction.
Prediction For Tuesday, Bank NIFTY can go up if it goes above 53,500 or down after the level of 52,800, but it all depends upon the Global cues.
Bank Nifty has transitioned into a negative trend in the last trading session. Traders may consider shorting Bank Nifty with a stop loss of 53,891 based on daily closing prices. Resistance levels are observed between 53,500 and 54,000, while support levels are between 52,800 and 52,000.
| Highest Call Writing at | 53,500 (33.1 Lakhs) |
| Highest Put Writing at | 52,800 (22.9 Lakhs) |
Bank Nifty Support and Resistance
| Support | 52,800 and 52,000 |
| Resistance | 53,500 and 54,000 |
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