In today’s stock market, Markets surged, fueled by banks and metals, with the Sensex up 1,200+ points and Nifty at 24,200.
Stock Market Nifty Chart Prediction.
On November 05, The Sensex gained 694.39 points, to reach 79,476.63, while the Nifty climbed 197.20 points, to settle at 24,192.50. Of the total shares traded, 2,337 advanced, -1,448 declined, and 102 remained unchanged.
Top Nifty gainers: JSW Steel, Tata Steel, Hindalco Industries, Bajaj Auto, Axis Bank,
Top Nifty Losers: Coal India, Trent, Adani Ports, Asian Paints and ITC.
All sectoral indices closed higher, except for FMCG and Media, with gains of 1-2 percent seen in the bank, metal, auto, and oil & gas sectors.
The BSE Midcap and smallcap index added 0.4%
Stock Prediction for 06th Nov 2024.
| STOCK | Good Above | Weak Below |
| OBEROIRLTY | 2003 | 1980 |
| NMDC | 236 | 233 |
| TATASTEEL | 153 | 150 |
| JUBLFOOD | 594 | 588 |
Prediction for Wednesday NIFTY can go up if it goes above 24,300 or down after the level of 23,900, but it all depends upon the Global cues.
The Nifty is currently in a downtrend. If you’re holding short positions, it’s advisable to maintain them with a daily closing stop-loss at 24,331. After an intraday dip, the market found support around 23,850 and rebounded. While most sectoral indices saw a strong recovery, the Metal index led the charge with a rally of over 1.35%. On the upside, resistance is seen between 24,300 and 25,000, while support on the downside lies between 23,900 and 23,400.
| Highest Call Writing at | 24,300 (80.0 Lakhs) |
| Highest Put Writing at | 23,900 (68.3 Lakhs) |
Nifty Support and Resistance
| Support | 23,900 and 23,400 |
| Resistance | 24,300 and 25,000 |
Bank Nifty Daily Chart Prediction.
Prediction For Wednesday, Bank NIFTY can go up if it goes above 52,400 or down after the level of 50,800, but it all depends upon the Global cues.
The Bank Nifty is currently in an uptrend. If you’re holding long positions, you should continue with a daily closing stop-loss at 50,780. Resistance on the upside is at 52,400-53,000, while support on the downside is at 50,800-50,400.
| Highest Call Writing at | 52,000 (31.7 Lakh) |
| Highest Put Writing at | 51,000 (14.3 Lakh) |
Bank Nifty Support and Resistance
| Support | 50,800 and 50,400 |
| Resistance | 52,400 and 53,000 |
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