Home » Stock Market Prediction for Nifty & Bank Nifty 09th July 2024.

Stock Market Prediction for Nifty & Bank Nifty 09th July 2024.

Stock Market Prediction for Nifty & Bank Nifty 08th July 2024.

In the Stock Market Today, Sensex and Nifty ended the day with little change. The metals sector dragged the indices down.

Stock Market Nifty Chart Prediction.

The picture is of the Nifty Stock Market chart in the daily time frame, through which it will be used to predict the market on July 09, 2024.

The image displays Intraday version of the Nifty Stock Market chart, used for predicting on July 09, 2024.
Zoomed Nifty Chart in Intraday Time Frame.

On July 08, Sensex experienced a slight decline of 36.22 points, equivalent to closing at 79,960.38. Similarly, the Nifty saw a marginal drop of 3.30 points, settling at 24,320.50. During the session, 1570 shares advanced, while -1988 shares recorded declines, with 95 shares remaining unchanged.

Top Nifty gainers:   ONGC, ITC, HDFC Life, HUL and Tata Consumer Products,
Top Nifty Losers: Divis Labs, Titan Company, BPCL, Shriram Finance and Adani Ports.

In terms of sectors, capital goods, FMCG, and oil & gas saw gains ranging from 0.6 to 1.5 percent. Conversely, auto, banking, healthcare, metal, realty, power, and telecom sectors witnessed declines between 0.4 and 0.8 percent.

 BSE midcap & smallcap indices ended marginally lower.

Stock Prediction for 09th July 2024
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Prediction For Tuesday, NIFTY can go up if it goes above 24,400 or down after the level of 24,200 but it all depends upon the Global cues.

Nifty started the day with little change and consolidated throughout, ultimately closing slightly lower, down by around 3 points. It encountered resistance in the 24,370 – 24,500 range. We anticipate the price action to remain range-bound in the coming trading sessions. On the upper side, resistance lies between 24,400 and 24,500, while the support zone is from 24,200 to 24,000

Highest Call Writing at
24,400 (50 Lakhs)
Highest Put Writing at
24,200 (50 Lakhs)

Nifty Support and Resistance

Support 24,200 – 24,000
Resistance
24,400 – 24,500

Bank Nifty Daily Chart Prediction.

The picture is of the Bank Nifty Stock Market chart in the daily time frame, through which it will be used to predict the market on July 09, 2024.

The image displays Intraday version of the Nifty Bank Stock Market chart, used for predicting on July 09, 2024.
Zoomed Bank Nifty Chart in Intraday Time Frame.

Prediction For Tuesday, Bank NIFTY can go up if it goes above 53,900 or down after the level of 51,100 but it all depends upon the Global cues.

Bank Nifty experienced a period of consolidation. The price movements over the past eight to ten trading sessions have established a broad range between 52,000 and 53,500. We anticipate that Bank Nifty will continue to consolidate within this range in the upcoming trading sessions. Resistance on the upside is between 53,900 and 54,000, while support on the downside is between 52,000 and 51,100.

Highest Call Writing at53,900 (31.7 Lakhs)
Highest Put Writing at52,000 (21.7 Lakhs)

Bank Nifty Support and Resistance

Support52,000 – 51,100
Resistance
53,900 – 54,000

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