In the Stock Market Today, Sensex and Nifty end their three-day streak of gains; small and midcap stocks see an increase.
Stock Market Nifty Chart Prediction.
On April 02, the Indian benchmark indices ended their three-day streak of gains, closing slightly lower. The Sensex decreased by 110.64 points, closing at 73,903.91, while the Nifty fell by 8.70 points, to finish at 22,453.30.
Top Nifty gainers: Tata Steel, JSW Steel, Adani Ports, Shriram Finance and Divis Labs
Top Nifty Losers: Tata Consumers Products, M&M, BPCL, Bajaj Auto and Adani Ports.
Sector-wise, realty, metals, oil & gas, media, power, and auto sectors saw increases of 1-2%, while the IT and telecom sectors each dipped by 0.5%.
BSE midcap and smallcap indices rose a 1% percent each.
Stock Prediction for 03rd April 2024.
| STOCK | Good Above | Weak Below |
| EXIDEIND | 315 | 310 |
| LICHSGFIN | 644 | 637 |
| HDFCBANK | 1485 | 1465 |
| TATAPOWER | 410 | 405 |
Prediction For Wednesday, NIFTY can go up if it goes above 22,500 or down after the level of 22,300 but all depends upon the Global cues.
Nifty began the day without significant change and remained steady throughout. It ended the day with a slight decrease of approximately 9 points. Analyzing the daily charts, it appears that the Nifty is currently stabilizing following a notable surge in the last few trading sessions. The critical support range is identified between 22,300 & 22,200, suggesting that any drops to these levels could present a chance to buy.
| Highest Call Writing at | 22,500 (99.3 Lakhs) |
| Highest Put Writing at | 22,300 (62.7 Lakhs) |
Nifty Support and Resistance
| Support | 22,300, 22,200 |
| Resistance | 22,500, 22,600 |
Bank Nifty Daily Chart Prediction.
Prediction For Wednesday, Bank NIFTY can go up if it goes above 47,800 or down after the level of 47,500 but it all depends upon the Global cues.
Bank Nifty index stayed within a tight range, finding support at 47,500 and facing resistance at 48,000. Breaking these boundaries could lead to major market movements. The overall mood is optimistic, recommending purchases during any declines, especially in the support zone between 47,500 and 47,000.
| Highest Call Writing at | 47,800 (32.9 Lakhs) |
| Highest Put Writing at | 47,500 (30.0 Lakhs) |
Bank Nifty Support and Resistance
| Support | 47,500, 47,000 |
| Resistance | 47,800, 48,000 |
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