Home » Stock Market Prediction for Nifty & Bank Nifty 03st Oct 2024.

Stock Market Prediction for Nifty & Bank Nifty 03st Oct 2024.

This image is about prediction for 3rd october 2024

In the stock market today, the Sensex fell 33.49 points, and the Nifty dropped 13.90 points, closing at 25,796. However, IT stocks performed.

Stock Market Nifty Chart Prediction.

The image displays Intraday version of the Nifty Stock Market chart, used for predicting on Oct 03, 2024
Zoomed Nifty Chart in Intraday Time Frame.

On October 1, Indian stock markets ended mostly unchanged after a volatile session.

At the close, the Sensex fell by 33.49 points to 84,266.29, while the Nifty dropped by 13.90 points to 25,796.90. In total, 2,210 shares went up, 1,587 shares went down, and 90 shares remained the same.

Top Nifty gainers: Tech Mahindra, M&M, Britannia Industries, Adani Enterprises and Infosys
Top Nifty Losers: IndusInd Bank, ONGC, Asian Paints, Bajaj Auto and Titan Company.

In the sector performance, there was buying in media, auto, and IT, while selling occurred in telecom, power, FMCG, oil and gas, and real es

BSE Midcap index was up 0.3 percent, and Smallcap index was up 0.5 percent.

Stock Prediction for 03rd Oct 2024
.

Prediction For Thursday, NIFTY can go up if it goes above 26,000 or down after the level of 25,600, but it all depends upon the Global cues.

After a significant drop, the Nifty50 has formed a DOJI candlestick, indicating a possible hidden bullish divergence in the RSI. If it moves convincingly above today’s high of 25,910, this divergence will be confirmed. In that case, resistance levels are expected between 26,000 and 26,200, while support levels are between 25,600 and 25,400.

Highest Call Writing at
26,000 (75.1 Lakh)
Highest Put Writing at
25,600 (53.7 Lakh)

Nifty Support and Resistance

Support 25,600 and 25,400
Resistance
26,000 and 26,200

Bank Nifty Daily Chart Prediction.

The picture is of the Bank Nifty Stock Market chart in the daily time frame, through which it will be used to predict the market on Oct 03, 2024.

The image displays Intraday version of the Bank Nifty Stock Market chart, used for predicting on Oct 03, 2024

Prediction For Thursday, 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.

The Bank Nifty has moved into a negative trend during the last trading session, ending with a green candle. Resistance levels are seen between 53,500 and 54,000, while support levels are between 52,800 and 52,000.

Highest Call Writing at53,500 (88.0 Lakhs)
Highest Put Writing at 52,800 (53.0 Lakhs)

Bank Nifty Support and Resistance

Support52,800 and 52,000
Resistance
53,500 and 54,000

Power of Algorithms in Options Trading, Try Spider Now: 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.

Leave a Reply

Your email address will not be published. Required fields are marked *