In today’s stock market, Nifty falls for the fifth week, slipping below 24,600 amid pharma sector sell-off.
Stock Market Nifty Chart Prediction
On August 04, Sensex was down 585.67 points at 80,599.91, and the Nifty was down 203 points at 24,565.35. About 1264 shares advanced, -2582 shares declined, and 154 shares unchanged.
Top Nifty gainers: HUL, Jio Financial, Eternal, JSW Steel, ITC
Top Nifty Losers : Adani Enterprises, Dr Reddy’s Labs, Adani Ports, Tata Steel, Sun Pharma.
Barring FMCG, all sectoral indices closed lower, with losses ranging from 0.5% to 2% in auto, realty, pharma, IT, metal, oil & gas, PSU banks, and telecom stocks.
BSE midcap index fell 1.3% and smallcap index shed 1.6%
Best Stocks of the day according to AI (Delta Dash)
Worst Stocks of the day according to AI (Delta Dash)
Stock Prediction for 04th August 2025
| STOCK | Good Above | Weak Below |
| ITC | 418 | 414 |
| JSL | 708 | 700 |
| TRENT | 5200 | 5150 |
| TVSMOTOR | 2885 | 2855 |
Prediction for Monday NIFTY can go up if it goes above 24,600 or down after the level of 24,400, but it also depends upon the Global cues.
After experiencing significant volatility on Thursday, the Nifty saw a sharp decline during Friday’s unstable session, ending the day with a loss of 203 points.
A prominent bearish candle appeared on the daily chart at a new swing low, right next to the strong bullish candle from the previous day. This pattern suggests that the market lacks the strength to maintain upward momentum. Looking ahead, resistance is expected around 24,600 to 25,000, while support is likely in the range of 24,400 to 24,000.
| Highest Call Writing at | 24,800 |
| Highest Put Writing at | 24,400 |
Nifty Support and Resistance
| Support | 24,400 and 24,000 |
| Resistance | 24,600 and 25,000 |
Bank Nifty Daily Chart Prediction
Prediction For Monday, BANKNIFTY can go up if it goes above 56,200 or down after the level of 55,500, but it also depends upon the Global cues.
Bank Nifty remains in a downward trend. Traders with short positions are advised to hold them, maintaining a daily closing stoploss at 56,366. On the higher side, resistance is seen in the 56,000–56,500 zone, while support on the lower end lies between 55,500 and 55,000.
| Highest Call Writing at | 56,000 |
| Highest Put Writing at | 55,500 |
Bank Nifty Support and Resistance
| Support | 55,500 and 55,000 |
| Resistance | 56,000 and 56,500 |
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