In the Stock Market Today, Oil and gas shares surge as Sensex rises by 455 points, pushing Nifty beyond 21,900.
Stock Market Nifty Chart Prediction.
Indian stocks rebounded strongly on February 6, with Nifty surging past 21,900. The Sensex rose by 454.67 points to 72,186.09, while the Nifty gained 157.70 points to 21,929.40. Top Nifty gainers were BPCL, HDFC Life, HCL Technologies, TCS, and Maruti Suzuki. Sectors like auto, oil & gas, capital goods, healthcare, metal, and IT saw gains of 1-3 percent. However, banking, FMCG, and power sectors lagged. Both midcap and smallcap indices rose by 1 percent each.
Stock Prediction for 07th February 2024
| STOCK | Good Above | Weak Below |
| BHARATFORG | 1296 | 1278 |
| DIXON | 6360 | 6300 |
| ICICIBANK | 1032 | 1020 |
| TVSMOTOR | 2060 | 2030 |
Prediction For Wednesday NIFTY can go up if it goes above 22120 or down after the level of 21700 but all depends upon the Global cues.
Nifty started the day with gains and continued to trade positively, ending around 165 points higher. Looking at the daily charts, we notice that the Nifty has been mainly trading within an upward channel. Presently, the 21,700 mark acts as a key support level for the Nifty. As for resistance, levels are seen at 22,120 and 22,500.
| Highest Call Writing at | 22120 (68.9 Lakhs) |
| Highest Put Writing at | 21700 (70.4 Lakhs) |
Nifty Support and Resistance
| Support | 21,700, 21,450 |
| Resistance | 22,120, 22,500 |
Bank Nifty Daily Chart Prediction.
Prediction For Wednesday Bank NIFTY can go up if it goes above 47000 or down after the level of 45000 but it all depends upon the Global cues.
Bank Nifty ended the session in the red, indicating it might have been oversold. A positive crossover on the hourly chart hints at a potential rebound after the recent downturn. We anticipate the Bank Nifty to climb back to levels around 47,000 to 48,000 on the upside. However, a critical support level is situated at 45,000.
| Highest Call Writing at | 47,000 (45.0 Lakhs) |
| Highest Put Writing at | 45,000 (24.3 Lakhs) |
Bank Nifty Support and Resistance
| Support | 45,000, 44,000 |
| Resistance | 47,000, 48,000 |
Also, check our Article on Difference Between Interim Budget and Union Budget 2024.
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