In the Stock Market Today, Nifty falls below 24,055.60 & Sensex drops by 2,222.55 points as indices fall nearly 3% due to a global sell-off.
Stock Market Nifty Chart Prediction.
On August 06, The Sensex fell by 2,222.55 points, to 78,759.40, while the Nifty dropped by 662.10 points, to 24,055.60. About 471 shares advanced, 3082 shares declined, and 88 shares unchanged.
Top Nifty gainers: HUL, Nestle, Tata Consumer, HDFC Life.
Top Nifty Losers: Tata Motors, Adani Ports, ONGC, Hindalco, Tata Steel
All sector indices finished lower, with auto, metal, capital goods, oil & gas, power, media, and real estate each dropping by 4 percent.
BSE Midcap index shed 3.6% and Smallcap index fell 4.2%
Stock Prediction for 06th August 2024.
| STOCK | Good Above | Weak Below |
| INDIACEM | 370 | 365 |
| ITC | 490 | 485 |
| PETRONET | 361 | 356 |
| BERGEPAINT | 546 | 540 |
Prediction For Tuesday, NIFTY can go up if it goes above 24,400 or down after the level of 24,000 but it all depends upon the Global cues.
After starting lower, Nifty continued to drop slowly during the day, briefly falling below the 50-day EMA support level of 23,950 before ending at 24,055.60. Resistance on the upside is at 24,400-24,700, while support on the downside is at 24,000-23,630.
| Highest Call Writing at | 24,400 (1.1 Crore) |
| Highest Put Writing at | 24,000 (62.4 Lakhs) |
Nifty Support and Resistance
| Support | 24,000-23,630 |
| Resistance | 24,400-24,700 |
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 51,300 but it all depends upon the Global cues.
The Bank Nifty dropped below its previous low of 50,440, suggesting it might keep falling towards 47,650–47,500, where the 200-day moving average. The resistance levels are at 52,000-52,500, and the support levels are at 47,650–47,500.
| Highest Call Writing at | 52,000 (39.7 Lakhs) |
| Highest Put Writing at | 51,300 (23.4 Lakhs) |
Bank Nifty Support and Resistance
| Support | 51,300-50,500 |
| Resistance | 52,000-52,500 |
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