In the Stock Market Today, Nifty exceeds 22,600, while Sensex surges by 2,303 points; all sectors show gains.
Stock Market Nifty Chart Prediction.
On May 05 Sensex increased by 2,303.19 points, to reach 74,382.24. Meanwhile, the Nifty rose by 735.80 points, to 22,620.30. There were 2,348 advancing shares, 1,008 declining shares, and 74 shares remained unchanged.
Top Nifty gainers: Adani Ports, IndusInd Bank, Hindalco, Tata Steel and M&M
Top Nifty Losers: L&T and BPCL.
With the exception of BPCL and L&T, every other stock in the BSE Sensex and Nifty50 finished in the green. All sectoral indices closed positively, with gains of 4-6 percent seen in Auto, Bank, FMCG, Metal, Telecom, and Media sectors.
BSE midcap index rose 4% while the smallcap index gained 3%
Stock Prediction for 06th June 2024.
| STOCK | Good Above | Weak Below |
| ESCORTS | 3920 | 3877 |
| HAVELLS | 1800 | 1770 |
| HINDALCO | 696 | 688 |
| SYNGENE | 676 | 665 |
Prediction For Thursday, NIFTY can go up if it goes above 22,800 or down after the level of 22,000 but all depends upon the Global cues.
Nifty’s robust recovery from yesterday’s low featured a gap-up opening of 240 points. The significant rebound in the latter half of the session, closing above the 22,600 mark, suggests a possible bullish reversal. If the price finishes above the 22,800 level, it could potentially climb to 23,000 and higher in the days ahead. Resistance is identified at the 22,800-23,000 range, while support is found at 22,000-21,800.
| Highest Call Writing at | 22,800 (1.2 Crore) |
| Highest Put Writing at | 22,000 (88.2 Lakhs) |
Nifty Support and Resistance
| Support | 22,000 – 21,800 |
| Resistance | 22,800 – 23,000 |
Bank Nifty Daily Chart Prediction.
Prediction For Thursday, Bank NIFTY can go up if it goes above 49,500 or down after the level of 47,800 but it all depends upon the Global cues.
Bank Nifty has been fluctuating between 49,362.9 and 46,446.8. The index experienced a notable recovery. On the upside, resistance is at the 49,500-50,000 range, while support lies between 47,800 and 47,000.
| Highest Call Writing at | 49,500 (51.2 Lakhs) |
| Highest Put Writing at | 47,800 (21.3 Lakhs) |
Bank Nifty Support and Resistance
| Support | 47,800 – 47,000 |
| Resistance | 49,500 – 50,000 |
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