In the stock market today, Nifty falls below 24,900, while the Sensex drops by 580 points; IT sector emerges as the top performer.
Stock Market Nifty Chart Prediction.
On October 07, The Sensex dropped by 638.45 points, to 81,050.00, while the Nifty declined by 218.80 points, or to 24,795.80. In the market, 597 shares gained, -3,289 shares fell, and 117 remained unchanged.
Top Nifty gainers: ITC, Bharti Airtel, Trent, M&M and Infosys,
Top Nifty Losers: NTPC, Adani Ports, Adani Enterprises, SBI, Coal India.
All sectoral indices closed in negative territory, except for IT, which rose by 0.6 percent. PSU banks, healthcare, capital goods, realty, metals, power, oil & gas, media, and telecom sectors saw declines ranging from 1% to 3%
BSE Midcap index down 2% and Smallcap index down over 3%.
Stock Prediction for 08th Oct 2024.
| STOCK | Good Above | Weak Below |
| AUBANK | 736 | 729 |
| LTIM | 6280 | 6220 |
| M&M | 3080 | 3026 |
| SUNPHARMA | 1914 | 1892 |
Prediction For Tuesday, NIFTY can go up if it goes above 25,100 or down after the level of 24,700, but it all depends upon the Global cues.
The benchmark indices extended their weak trend as the Nifty dropped 218 points amid ongoing geopolitical tensions, causing Nifty50 to lose the key psychological level of 25,000. In the previous session, there was a sharp rebound in the banking sector, but it quickly lost momentum, pulling the index down to close at 24,795.75. On the upside, resistance is expected between 25,100 and 25,300, while support on the downside lies around 24,700-24,600.
| Highest Call Writing at | 25,100 (1.0 Crore) |
| Highest Put Writing at | 24,700 (55.4 Lakh) |
Nifty Support and Resistance
| Support | 24,700 to 24,600 |
| Resistance | 25,100 to 25,300 |
Bank Nifty Daily Chart Prediction.
Prediction For Tuesday, Bank NIFTY can go up if it goes above 51,800 or down after the level of 50,000, but it all depends upon the Global cues.
Bank Nifty is presently in a bearish trend. If you have short positions, it is advisable to maintain them with a daily closing stop loss at 51,760. On the upside, resistance is seen in the 51,800-52,400 range, while support on the downside is between 50,000 and 49,200.
| Highest Call Writing at | 51,800 (36.4 Lakhs) |
| Highest Put Writing at | 50,000 (16.2 Lakhs) |
Bank Nifty Support and Resistance
| Support | 50,000 and 49,200 |
| Resistance | 51,800 and 52,400 |
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