In the Stock Market Today, Nifty remains around 22,650, Sensex has increased by 128 points. Mid and small-cap stocks are experiencing gains.
Stock Market Nifty Chart Prediction.
On April 02, Sensex witnessed a rise of 128.33 points, representing a 0.17 percent increase, reaching 74,611.11. Meanwhile, the Nifty saw an uptick of 43.40 points, marking a 0.19 percent rise, reaching 22,648.20. Among the stocks, 1677 advanced, 1673 declined, and 82 remained unchanged.
Top Nifty gainers: BPCL, Power Grid Corporation, Asian Paints, Bajaj Auto and Tata Motors
Top Nifty Losers: Kotak Mahindra Bank, Bharti Airtel, Tata Consumer, Axis Bank and HDFC Life.
In sectoral performance, the auto, metal, oil & gas, and power sectors all saw a 1 percent increase, while the bank and realty indices closed slightly lower.
BSE midcap index hit a new high, closing with a 1% gain, while the smallcap index rose by 0.3 percent.
Stock Prediction for 03rd May 2024.
| STOCK | Good Above | Weak Below |
| AARTIIND | 743 | 736 |
| M&M | 2205 | 2162 |
| RELIANCE | 2950 | 2925 |
| SBIN | 834 | 826 |
Prediction For Friday, NIFTY can go up if it goes above 22,700 or down after the level of 22,650 but all depends upon the Global cues.
Nifty started off in the red, it bounced back and steadied throughout the day, eventually finishing with a rise of about 43 points. This signals a period of consolidation following the selling pressure seen in the last trading session. Moving forward, the range between 22,700 and 22,800 marks a notable resistance level, while the zone spanning from 22,650 to 22,450 is a crucial support area in the short term. It’s expected that Nifty will likely remain within this range in the upcoming trading sessions.
| Highest Call Writing at | 22,700 (1.8 Crore) |
| Highest Put Writing at | 22,650 (2.2 Crore) |
Nifty Support and Resistance
| Support | 22,650, 22,450 |
| Resistance | 22,700, 22,800 |
Bank Nifty Daily Chart Prediction.
Prediction For Friday, 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 witnessed follow-through selling pressure, leading to a decline of approximately 166 points and resulting in a red close. It is likely to undergo consolidation as well. Key support levels on the downside are positioned between 49,500 and 49,000, while resistance is anticipated in the range of 49,800 to 50,000. Overall, consolidation is expected in both indices.
| Highest Call Writing at | 49,800 (27.3 Lakhs) |
| Highest Put Writing at | 49,500 (16.8 Lakhs) |
Bank Nifty Support and Resistance
| Support | 49,500, 49,000 |
| Resistance | 49,800, 50,000 |
Click here to learn the Stocks to Watch as Tensions Between Israel and Iran Escalates.
New Options Trading Software by Spider is here, Try GChart demo for free. Register Now
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.
