In the Stock Market Today, Bulls return to action ahead of ‘Exit Poll’; Sensex and Nifty close slightly higher.
Stock Market Nifty Chart Prediction.
On May 31 Sensex rose by 75.71 points, to reach 73,961.31, while the Nifty increased by 42 points, to 22,530.70.
Top Nifty gainers: Adani Enterprises, Adani Ports, Shriram Finance, Coal India and Tata Steel,
Top Nifty Losers: Divis Labs, Nestle India, LTIMindtree, Maruti Suzuki and TCS.
Sector-wise, metal, power, telecom, and realty indices rose by 1-2 percent, whereas media, FMCG, healthcare, and Information Technology indices declined by 0.3-1 percent.
BSE midcap index ended flat while the smallcap index gained 0.8%
Stock Prediction for 03rd June 2024.
| STOCK | Good Above | Weak Below |
| ABCAPITAL | 225 | 221 |
| ASHOKLYE | 225 | 221 |
| HINDPETRO | 541 | 535 |
| ICICIBANK | 1125 | 1113 |
Prediction For Thursday, NIFTY can go up if it goes above 22,700 or down after the level of 22,400 but all depends upon the Global cues.
Nifty experienced a volatile trading day, opening with a gap up and consolidating throughout the session to close positively, gaining around 42 points. On the daily charts, Nifty remained within the range of the previous trading session, forming an inside bar pattern. This makes the range extremes of 22,700 to 22,400 key levels to watch. A breakout in either direction could lead to a significant move. The crucial support zone lies between 22,400 and 22,300, while the critical resistance zone is between 22,700 and 23,000.
| Highest Call Writing at | 22,700 (65.8 Lakhs) |
| Highest Put Writing at | 22,400 (57.9 Lakhs) |
Nifty Support and Resistance
| Support | 22,400 – 22,300 |
| Resistance | 22,700 – 23,000 |
Bank Nifty Daily Chart Prediction.
Prediction For Thursday, Bank NIFTY can go up if it goes above 49,200 or down after the level of 48,500 but it all depends upon the Global cues.
Bank Nifty maintained its momentum, closing positively for the second straight trading session. The index shows a positive crossover, indicating a buy signal. A buy-on-dips strategy is recommended, with a stop loss at 48,500. The 48,500-48,300 range serves as strong support, while the resistance zone lies between 49,200 and 50,000. If Bank Nifty breaks above 49,200 on the daily chart, it could soon reach 50,000.
| Highest Call Writing at | 49,200 (19.9 Lakhs) |
| Highest Put Writing at | 48,500 (11.7 Lakhs) |
Bank Nifty Support and Resistance
| Support | 48,500 – 48,300 |
| Resistance | 49,200 – 50,000 |
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