In today’s stock market, Sensex surged by 901 points, while the Nifty hovered around 24,500, with all sectors finishing in positive territory.
Stock Market Nifty Chart Prediction.
On November 06, The Sensex gained 901.50 points, closing at 80,378.13, while the Nifty rose by 270.70 points, to settle at 24,484.00. Out of the total shares traded, 2,852 advanced, -964 declined, and 84 remained unchanged.
Top Nifty gainers: Bharat Electronics, Adani Enterprises, TCS, Tech Mahindra and Infosys,
Top Nifty Losers: SBI Life Insurance, Titan Company, IndusInd Bank, HDFC Life and HUL.
Every sectoral index closed in positive territory, with the IT index leading the gains, rising by 4%. The oil & gas, power, capital goods, and realty sectors each saw an increase of 2%.
BSE Midcap index up more than 2% and Smallcap index up nearly 2%
Stock Prediction for 07th Nov 2024.
| STOCK | Good Above | Weak Below |
| COROMANDEL | 1743 | 1722 |
| GLENMARK | 1785 | 1764 |
| NAVINFLUOR | 3511 | 3481 |
| PERSISTENT | 5776 | 5738 |
Prediction for Thursday NIFTY can go up if it goes above 24,500 or down after the level of 23,800, but it all depends upon the Global cues.
Nifty showed strong upward momentum, gaining 270 points by the close. The index began with a positive opening and continued to build on its gains throughout the day, especially in the latter part of the session. A brief consolidation was observed around the 24,500 mark, but Nifty ultimately finished near its highest point. The resistance levels lie between 24,500 and 24,900, while support is seen around 23,800 to 23,400.
| Highest Call Writing at | 24,500 (1.4 Crore) |
| Highest Put Writing at | 23,800 (88.0 Lakhs) |
Nifty Support and Resistance
| Support | 23,800 and 23,400 |
| Resistance | 24,500 and 24,900 |
Bank Nifty Daily Chart Prediction.
Prediction For Thursday, Bank NIFTY can go up if it goes above 52,600 or down after the level of 52,300, but it all depends upon the Global cues.
Bank Nifty is currently in an upward trend. If you have long positions, it is advisable to hold them with a daily closing stoploss at 51,597. The resistance levels on the upside are between 52,600 and 53,000, while support is expected around 52,300 to 51,800 on the downside.
| Highest Call Writing at | 52,600 (99.5 Lakh) |
| Highest Put Writing at | 52,300 (35.0 Lakh) |
Bank Nifty Support and Resistance
| Support | 52,300 and 51,800 |
| Resistance | 52,600 and 53,000 |
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