In today’s stock market, D-St saw no major gains, with the Sensex down 553 points & Nifty around 24,200, due to the IT sector’s decline.
Stock Market Nifty Chart Prediction.
On October 31, The Sensex dropped by 553.12 points, or 0.69%, closing at 79,389.06. Meanwhile, the Nifty fell by 135.50 points, or 0.56%, finishing at 24,205.30. Out of the total shares, 2,559 advanced, 1,188 declined, and 108 remained unchanged.
Top Nifty gainers: Cipla, L&T, Dr Reddy’s Labs, Hero Motocorp and ONGC,
Top Nifty Losers: Tech Mahindra, HCL Technologies, Infosys, TCS, Wipro.
In terms of sector performance, the IT index decreased by almost 3%, the FMCG index fell by nearly 1%, and the bank index slipped by 0.5%. In contrast, both the pharma and media indices experienced an increase of 1.5% each.
The BSE Midcap index shed 0.3% , while smallcap index rose 1.6%
Stock Prediction for 04th Nov 2024.
| STOCK | Good Above | Weak Below |
| HDFCBANK | 1743 | 1722 |
| IPCALAB | 1620 | 1600 |
| PETRONET | 338 | 333 |
| TATAPOWER | 446 | 441 |
Prediction for Monday NIFTY can go up if it goes above 24,250 or down after the level of 24,200, but it all depends upon the Global cues.
The Nifty is currently experiencing a downward trend. If you have short positions, it’s advisable to maintain them with a daily closing stop-loss set at 24,529. The markets faced pressure on the monthly expiry day, falling nearly half a percent. Resistance levels are at 24,250 and 24,500, while support levels are at 24,200 and 24,000.
| Highest Call Writing at | 24,250 (1.8 Crore) |
| Highest Put Writing at | 24,200 (1.9 Crore) |
Nifty Support and Resistance
| Support | 24,200 and 24,000 |
| Resistance | 24,250 and 24,500 |
Bank Nifty Daily Chart Prediction.
Prediction For Monday, Bank NIFTY can go up if it goes above 52,000 or down after the level of 51,300, but it all depends upon the Global cues.
The Bank Nifty is currently showing a positive trend. If you have long positions, it’s recommended to keep them with a daily closing stop-loss set at 51,200. Resistance levels are identified at 52,000 to 52,500, while support levels are found between 51,300 and 50,500.
| Highest Call Writing at | 52,000 (20.5 Lakh) |
| Highest Put Writing at | 51,300 (11.3 Lakh) |
Bank Nifty Support and Resistance
| Support | 51,300 and 50,500 |
| Resistance | 52,000 and 52,500 |
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