In today’s stock market, Sensex drops 940 points, Nifty below 24,000; Hero Moto, Bajaj Auto, and Grasim are the biggest losers.
Stock Market Nifty Chart Prediction.
On November 04, The Sensex was down 1,274.02 points or at 78,450.10, and the Nifty was down 425.60 points at 23,878.70. About 1,279 shares advanced, -2,603 shares declined, and 135 shares remained unchanged.
Top Nifty gainers: M&M, Sun Pharmaceutical Industries, Bajaj Auto and Hero MotoCorp.
Top Nifty Losers: Oil Marketing Companies, Gensol Engineering, Azad Engineering.
The BSE Midcap index shed 1.5% , while smallcap index shed 1.7%
Stock Prediction for 05th Nov 2024.
| STOCK | Good Above | Weak Below |
| SBIN | 834 | 826 |
| FEDERALBNK | 207 | 203 |
| ABBOTINDIA | 29670 | 29584 |
| TECHM | 1641 | 1620 |
Prediction for Tuesday NIFTY can go up if it goes above 24,400 or down after the level of 23,800, but it all depends upon the Global cues.
The Nifty opened flat but dropped significantly in the first half of the trading session. Although it experienced a slight recovery in the afternoon, it ultimately closed down by 309 points. Analyzing the daily charts reveals that the five-day consolidation range has broken down, indicating a potential continuation of the downtrend. Resistance levels are observed between 24,400 and 25,000, while support is found in the range of 23,800 to 23,500.
| Highest Call Writing at | 24,400 (63.5 Lakhs) |
| Highest Put Writing at | 23,800 (57.8 Lakhs) |
Nifty Support and Resistance
| Support | 23,800 and 23,500 |
| Resistance | 24,400 and 25,000 |
Bank Nifty Daily Chart Prediction.
Prediction For Tuesday, Bank NIFTY can go up if it goes above 52,000 or down after the level of 51,000, but it all depends upon the Global cues.
The Bank Nifty experienced a significant drop but remained within the wider range of 52,000 to 51,000. It is expected to trade between 52,500 and 50,500, leaning towards a negative bias. Key support levels are identified at 51,000 to 50,500, while resistance is noted between 52,000 and 52,500.
| Highest Call Writing at | 52,000 (31.7 Lakh) |
| Highest Put Writing at | 51,000 (14.3 Lakh) |
Bank Nifty Support and Resistance
| Support | 51,000 and 50,500 |
| Resistance | 52,000 and 52,500 |
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