In the Stock Market Today, Sensex drops 151 points, Nifty slips below 25,150; IT sector rises, real estate declines.
Stock Market Nifty Chart Prediction.
On September 05, 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: Titan Company, LTIMindtree, Wipro, BPCL and ITC,
Top Nifty Losers: Coal India, Britannia Industries, Cipla, Dr Reddy’s Labs and Reliance Industries.
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 midcap index was up 0.3% and smallcap index added 0.5%.
Stock Prediction for 06th Sept 2024.
| STOCK | Good Above | Weak Below |
| CROMPTON | 473 | 467 |
| LICHSGFIN | 715 | 706 |
| METROPOLIS | 2162 | 2135 |
| PETRONET | 370 | 365 |
Prediction For Friday, NIFTY can go up if it goes above 25,300 or down after the level of 25,100, but it all depends upon the Global cues.
Nifty opened higher today but experienced profit booking throughout the day, closing in the red with a drop of around 50 points. Following the previous session’s gap-down, the price structure appears to have weakened. Although the uptrend remains intact, there is a strong likelihood of consolidation within the 25,000–25,350 range in the upcoming trading sessions. On the downside, the support zone between 25,100 and 25,000 could provide a good buying opportunity, while the immediate resistance lies between 25,300 and 25,400.
| Highest Call Writing at | 25,300 (2.8 Crore) |
| Highest Put Writing at | 25,100 (3.4 Crore) |
Nifty Support and Resistance
| Support | 25,100 and 25,000 |
| Resistance | 25,300 and 25,400 |
Bank Nifty Daily Chart Prediction.
Prediction For Friday, Bank NIFTY can go up if it goes above 51,900 or down after the level of 51,500 but it all depends upon the Global cues.
Bank Nifty performed strongly today, closing in positive territory, standing out after lagging in recent days. We anticipate that Bank Nifty will take the lead in the near term, with expected levels between 51,900 and 52,000. Key support is positioned within the 51,500 to 51,100 range.
| Highest Call Writing at | 51,900 (27.7 Lakhs) |
| Highest Put Writing at | 51,500 (21.0 Lakhs) |
Bank Nifty Support and Resistance
| Support | 51,500 and 51,100 |
| Resistance | 51,900 and 52,000 |
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