In the Stock Market Today, Sensex climbs by 440 points and Nifty reaches 22,550; gains led by IT sector, while oil & gas sectors face decline.
Stock Market Nifty Chart Prediction.
On April 04, Sensex increased by 350.81 points, reaching 74,227.63, while the Nifty rose by 80.00 points to 22,514.70. Market movements showed 2,342 shares making gains, 1,361 facing declines, and 101 shares remained steady.
Top Nifty gainers: HDFC Bank, Eicher Motors, Asian Paints, Tech Mahindra and Titan Company
Top Nifty Losers: ONGC, Shriram Finance, Adani Ports, BPCL and Bharti Airtel.
Sector wise performance, the banking, power, and information technology sectors saw increases ranging from 0.5% to 1%, whereas the PSU Bank and oil & gas sectors experienced declines between 0.7% and 1.6%.
BSE midcap index ended flat, While smallcap index added 0.5%
Stock Prediction for 05th April 2024.
| STOCK | Good Above | Weak Below |
| BALRAMCHIN | 385 | 380 |
| BSOFT | 784 | 777 |
| RELIANCE | 2943 | 2916 |
| VOLTAS | 1225 | 1208 |
Prediction For Friday, NIFTY can go up if it goes above 22,550 or down after the level of 22,500 but all depends upon the Global cues.
Nifty saw considerable fluctuations, moving between 22,300 and 22,600. A hanging man pattern has emerged on the index, suggesting a possible short-term bearish reversal. The immediate support level is set at 22,500; should there be a clear fall beneath this mark, the index could potentially move down to the range of 22,500-21,900 shortly. Conversely, resistance levels are identified between 22,550 and 22,700.
| Highest Call Writing at | 22,550 (1.9 Crore) |
| Highest Put Writing at | 22,500 (1.9 Crore) |
Nifty Support and Resistance
| Support | 22,500, 22,400 |
| Resistance | 22,550, 22,700 |
Bank Nifty Daily Chart Prediction.
Prediction For Friday, Bank NIFTY can go up if it goes above 48,000 or down after the level of 47,700 but it all depends upon the Global cues.
Following its strong recovery, the Bank Nifty pushed above the key level of 48,000. The support level for the index is now at 47,700. For the uptrend to continue towards 49,000 or 50,000, it’s essential that the index doesn’t drop below 48,000 after the RBI shares its policy update.
| Highest Call Writing at | 48,000 (19.9 Lakhs) |
| Highest Put Writing at | 47,700 (18.9 Lakhs) |
Bank Nifty Support and Resistance
| Support | 47,700, 47,500 |
| Resistance | 48,000, 48,500 |
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