In the Stock Market Today, Sensex & Nifty holding steady, with Kotak Mahindra Bank and TCS rising while Titan and SBI fell.
Stock Market Nifty Chart Prediction.
On April 06, Sensex edged up by 17.39 points, reach 73,895.54, while the Nifty dropped by 33.15 points, settle at 22,442.70. Out of the total shares traded, 1294 saw gains, -2627 experienced declines, and 172 remained unchanged.
Top Nifty gainers: Kotak Mahindra Bank, Tata Consultancy Services, Hindustan Uneliver
Top Nifty Losers: Titan Co Ltd, SBI and NTPC
Nifty Realty index surged by 2.76 percent, while the Nifty PSU Bank index dropped by 3.66 percent. Additionally, consumer durables and oil & gas sectors recorded losses of 2.55 percent and 1.75 percent, respectively.
Stock Prediction for 07th May 2024.
| STOCK | Good Above | Weak Below |
| AARTIIND | 750 | 743 |
| AXISBANK | 1156 | 1139 |
| LALPATHLAB | 2352 | 2328 |
| HDFCBANK | 1532 | 1518 |
Prediction For Tuesday, NIFTY can go up if it goes above 22,800 or down after the level of 22,400 but all depends upon the Global cues.
Nifty has formed a bearish candle, signaling a sustained pattern of lower top formation, which suggests a predominantly negative outlook. The short-term market sentiment remains weak, with resistance levels expected around 22700/22800 for traders. Conversely, if breached, support levels around 22400-22200 become more likely.
| Highest Call Writing at | 22,700 (85.4 Lakhs) |
| Highest Put Writing at | 22,400 (41.1 Lakhs) |
Nifty Support and Resistance
| Support | 22,400, 22,200 |
| Resistance | 22,700, 22,800 |
Bank Nifty Daily Chart Prediction.
Prediction For Tuesday, Bank NIFTY can go up if it goes above 49,500 or down after the level of 48,500 but it all depends upon the Global cues.
Bank Nifty traded within a range of 49252.65 to 48784 throughout the day, closing at 48923.55, which was higher than its previous close. The intraday low was recorded at 48784, while the high reached 49252.65. Resistance levels are observed at 49500-50000, with support levels identified at 49000-48500.
| Highest Call Writing at | 49,500 (39.6 Lakhs) |
| Highest Put Writing at | 48,500 (23.0 Lakhs) |
Bank Nifty Support and Resistance
| Support | 49,000, 48,500 |
| Resistance | 49,500, 50,000 |
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