In the Stock Market Today, Nifty falls below 25,200, Sensex drops by 203 points; pharma, FMCG, and realty sectors perform well.
Stock Market Nifty Chart Prediction.
On September 04, The Sensex dropped by 202.80 points, to 82,352.64, while the Nifty decreased by 81.10 points, to 25,198.70. Out of the total shares, 1,852 gained, -1,935 fell, and 90 remained unchanged.
Top Nifty gainers: Asian Paints, Grasim Industries, HUL, Apollo Hospitals and Sun Pharma
Top Nifty Losers: Wipro, Coal India, ONGC, Hindalco Industries and M&M.
In terms of sectors, FMCG, realty, and pharma each rose by 0.5%, while auto, banking, energy, IT, and metal sectors saw declines ranging from 0.4% to 1%.
BSE Smallcap index closed up, while the Midcap index dipped slightly.
Stock Prediction for 05th Sept 2024.
| STOCK | Good Above | Weak Below |
| BEL | 302 | 297 |
| GRASIM | 2780 | 2740 |
| INDUSINDBK | 1444 | 1425 |
| LALPATHLAB | 3422 | 3380 |
Prediction For Thursday, NIFTY can go up if it goes above 25,300 or down after the level of 25,000, but it all depends upon the Global cues.
NIFTY is currently showing a positive trend. If you have long positions, it’s advisable to continue holding with a daily closing stop loss set at 25,111. The markets broke their winning streak, falling by nearly half a percent due to weak global signals. Reflecting the broader trend in Asian markets, the Nifty index opened lower, impacted by a decline in US markets. Resistance is expected around the 25,300-25,500 range, while support is seen between 25,000-24,800.
| Highest Call Writing at | 25,300 (1.1 Crore) |
| Highest Put Writing at | 25,000 (72.2 Lakhs) |
Nifty Support and Resistance
| Support | 25,000 and 24,800 |
| Resistance | 25,300 and 22,500 |
Bank Nifty Daily Chart Prediction.
Prediction For Wednesday, Bank NIFTY can go up if it goes above 52,000 or down after the level of 51,500 but it all depends upon the Global cues.
Banknifty is presently in a positive trend. If you’re holding long positions, it’s recommended to maintain them with a daily closing stop loss at 51,029. On the upside, resistance is anticipated in the 51,400-52,000 range, while support is located between 51,200 and 50,800.
| Highest Call Writing at | 51,400 (1.4 Crore) |
| Highest Put Writing at | 51,200 (86.3 Lakhs) |
Bank Nifty Support and Resistance
| Support | 51,200 and 50,800 |
| Resistance | 51,400 and 52,000 |
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.
