In the Stock Market Today, Sensex & Nifty ended almost flat. IT stocks declined, whereas real estate & banking stocks saw gains.
Stock Market Nifty Chart Prediction.
On April 04, Sensex rose slightly by 20.59 points, closing at 74,248.22, while the Nifty experienced a minor decrease of 1 point, ending at 22,513.70. In terms of share activity, 2,134 shares saw gains, -1,353 shares fell, and 101 shares remained stable.
Top Nifty gainers: Kotak Mahindra, SBI Life Insurance, HDFC Bank, Bajaj Finserv and ITC
Top Nifty Losers: UltraTech Cement, Grasim Industries, Bajaj Auto, Bajaj Finance and L&T.
Sector wise performance, banking, FMCG, and real estate sectors grew by 0.5 to 1.5 percent, while IT and Media sectors each declined by 0.4 percent.
BSE midcap and smallcap index rose 0.5% each.
Stock Prediction for 08th April 2024.
| STOCK | Good Above | Weak Below |
| BIOCON | 272 | 268 |
| LUPIN | 1605 | 1580 |
| SYNGENE | 736 | 729 |
| TCS | 4001 | 3968 |
Prediction For Monday, NIFTY can go up if it goes above 22,650 or down after the level of 22,300 but all depends upon the Global cues.
Nifty started the day on a low note and remained steady throughout. This phase of steadiness follows a significant surge, indicating a positive consolidation phase. It is anticipated that this consolidation will lead to an upward breakout, suggesting that small corrections present buying opportunities. The expected upper limit in this rising trend is around 22,650. On the lower side, key support levels are identified between 22,300 and 22,000.
| Highest Call Writing at | 22,650 (82.9 Lakhs) |
| Highest Put Writing at | 22,300 (61.4 Lakhs) |
Nifty Support and Resistance
| Support | 22,300, 22,000 |
| Resistance | 22,650, 23,000 |
Bank Nifty Daily Chart Prediction.
Prediction For Monday, Bank NIFTY can go up if it goes above 48,000 or down after the level of 47,700 but it all depends upon the Global cues.
Bank Nifty is concerned, it has been outperforming and we expect the outperformance to continue. The next key resistance level is at 48,500, and if it surpasses this, we anticipate the upward momentum could reach up to 49,000. For the short term, the critical support range is set between 48,000 & 47,500.
| Highest Call Writing at | 48,500 (19.9 Lakhs) |
| Highest Put Writing at | 48,000 (18.9 Lakhs) |
Bank Nifty Support and Resistance
| Support | 48,000, 47,500 |
| Resistance | 48,500, 49,000 |
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