Today, the Nifty index exceeded 24,300, and the Sensex rose by 875 points. All attention is now focused on the upcoming RBI policy decision.
Stock Market Nifty Chart Prediction.
On August 08, The Sensex was up by 874.94 points, to 79,468.01, while the Nifty was up by 305 points, to 24,297.50. About 2696 shares advanced, 698 shares declined, and 72 shares unchanged.
Top Nifty gainers: Coal India, Adani Ports, Power Grid Corp, Cipla and Wipro.
Top Nifty Losers: IndusInd Bank, Eicher Motors, Britannia, Tech Mahindra and Titan Company.
All the sectoral indices finished higher, with metal, healthcare, media, power, telecom, oil & gas, and capital goods sectors rising by 2-3 percent.
BSE Midcap index and Smallcap index up more 2 percent each.
Stock Prediction for 08th August 2024.
| STOCK | Good Above | Weak Below |
| ASHOKLEY | 248 | 244 |
| BAJAJFINSV | 1580 | 1560 |
| BPCL | 346 | 342 |
| ITC | 495 | 490 |
Prediction For Thursday, NIFTY can go up if it goes above 24,400 or down after the level of 24,000 but it all depends upon the Global cues.
The Nifty 50 formed a green candle, but the long-legged DOJI pattern suggests that there is still uncertainty. Resistance on the upside is at 24,400-24,800, while support on the downside is at 24,300-24,000.
| Highest Call Writing at | 24,400 (95.2Lakhs) |
| Highest Put Writing at | 24,000 (86.8 Lakhs) |
Nifty Support and Resistance
| Support | 24,300-24,000 |
| Resistance | 24,400-24,800 |
Bank Nifty Daily Chart Prediction.
Prediction For Thursday, Bank NIFTY can go up if it goes above 51,200 or down after the level of 50,000 but it all depends upon the Global cues.
The Bank Nifty saw a late surge, allowing it to close significantly higher than its intraday lows forming a green candlestick. The resistance levels are at 51,200-51,600, and the support levels are at 50,000 –49,100.
| Highest Call Writing at | 51,200 (41.4 Lakhs) |
| Highest Put Writing at | 50,000 (47.5 Lakhs) |
Bank Nifty Support and Resistance
| Support | 51,200-51,600 |
| Resistance | 50,000 –49,100 |
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