In the Stock Market Today, Sensex fell by 189 points, with Nifty at 22,600, mainly due to declines in IT and metal sectors
Stock Market Nifty Chart Prediction.
On April 30, Sensex witnessed a decrease of 188.50 points, settling at 74,482.78, while the Nifty experienced losing 38.60 points, and closing at 22,604.80. Among the traded shares, 1987 advanced, -1623 declined, and 141 remained unchanged.
Top Nifty gainers: M&M, Power Grid Corporation, Shriram Finance, Hero MotoCorp and Bajaj Auto
Top Nifty Losers: Tech Mahindra, BPCL, JSW Steel, HCL Technologies and Sun Pharma.
Among sectors, IT, metal, media, oil & gas, and healthcare sectors dropped by 0.4-1 percent, while auto, power, and realty sectors surged by over 1 percent each.
BSE midcap index is up 0.5% & the smallcap index ended flat.
Stock Prediction for 02nd May 2024.
| STOCK | Good Above | Weak Below |
| LICHSGFIN | 676 | 669 |
| MARICO | 522 | 517 |
| MCX | 4128 | 4096 |
| TATAMOTORS | 1016 | 1001 |
Prediction For Thursday, NIFTY can go up if it goes above 22,800 or down after the level of 22,500 but all depends upon the Global cues.
Selling pressure was observed in the Nifty as it faced resistance. In the upcoming days, the primary index trend could move sideways unless it surpasses the record high of 22,783. Immediate support lies around 22,500-22,400, below which the index may see further decline. Resistance on the upside is anticipated at 22,800-22,900.
| Highest Call Writing at | 22,800 (78.9 Lakhs) |
| Highest Put Writing at | 22,500 (76.1 Lakhs) |
Nifty Support and Resistance
| Support | 22,500, 22,400 |
| Resistance | 22,800, 22,900 |
Bank Nifty Daily Chart Prediction.
Prediction For Thursday, Bank NIFTY can go up if it goes above 50,000 or down after the level of 48,500 but it all depends upon the Global cues.
Bank Nifty ended the day at 49424.05, slightly lower than its previous close. Throughout the day, it fluctuated between an intraday low of 49249.9 and a high of 49974.75, with the latest trading price at 49396.75. Today, Bank Nifty traded within the range of 49249.9 to 49974.75. Resistance levels are identified at 49500-50000, while support levels are positioned at 49400-49300.
| Highest Call Writing at | 49,500 (48.6 Lakhs) |
| Highest Put Writing at | 49,400 (47.4 Lakhs) |
Bank Nifty Support and Resistance
| Support | 49,400, 49,300 |
| Resistance | 49,500, 50,000 |
Click here to learn the Stocks to Watch as Tensions Between Israel and Iran Escalates.
Join our upcoming free Webinar on Understanding Price Action Techniques: A Guide to Effective Trading
If you’d like to know how we analyze the market and provide accurate levels every day. then click on the Free Demo button below and change your trading life for good. 5X returns are possible in options trading If you have Spider Software in your trading system.
Disclaimer: The information provided in this Blog is for educational purposes only and should not be construed as financial advice. Trading in the stock market involves a significant level of risk and can result in both profits and losses. Spider Software & Team does not guarantee any specific outcome or profit from the use of the information provided in this Blog. It is the sole responsibility of the viewer to evaluate their own financial situation and to make their own decisions regarding any investments or trading strategies based on their individual financial goals, risk tolerance, and investment objectives. Spider Software & Team shall not be liable for any loss or damage, including without limitation any indirect, special, incidental or consequential loss or damage, arising from or in connection with the use of this blog or any information contained herein.
