In the Stock Market Today, Nifty goes over 22,650, Sensex rises by 470 points; auto, metal, and real estate sectors do well.
Stock Market Nifty Chart Prediction.
On April 08, Sensex increased by 494.28 points, reaching 74,742.50, while the Nifty rose by 152.60 points to 22,666.30. In the market, 1695 shares saw gains, -1733 shares experienced declines, and 108 shares remained stable.
Top Nifty gainers: Eicher Motors, Maruti Suzuki, M&M, SBI Life Insurance and NTPC,
Top Nifty Losers: Adani Ports, Nestle India, Apollo Hospitals, Wipro and Sun Pharma.
Sector wise performance, except Information Technology and PSU Bank indices, all other sectors closed higher, including auto, metal, oil & gas, and real estate, each gaining 1%.
BSE midcap was up 0.26% smallcap index ended on a flat note.
Stock Prediction for 09th April 2024.
| STOCK | Good Above | Weak Below |
| AMBUJACEM | 632 | 625 |
| CIPLA | 1465 | 1445 |
| ICICIBANK | 1090 | 1075 |
| TECHM | 1278 | 1260 |
Prediction For Tuesday, NIFTY can go up if it goes above 22,800 or down after the level of 22,500 but all depends upon the Global cues.
Nifty stayed strong all day, keeping above 22,500 and even beating its highest record of 22,619. It might move within a set range now. The lower support is between 22,500 and 22,400, and the upper resistance between 22,800 and 23,000.
| Highest Call Writing at | 22,800 (82.9 Lakhs) |
| Highest Put Writing at | 22,500 (99.6 Lakhs) |
Nifty Support and Resistance
| Support | 22,500, 22,400 |
| Resistance | 22,800, 23,000 |
Bank Nifty Daily Chart Prediction.
Prediction For Tuesday, Bank NIFTY can go up if it goes above 48,000 or down after the level of 48,000 but it all depends upon the Global cues.
Bank Nifty just reached its highest point in three months and looks ready to climb even higher, possibly up to between 49,000 and 49,300. For the short term, if it drops to between 48,000 and 47,700, that’s an important level to watch. Small dips in its value should be seen as chances to buy more.
| Highest Call Writing at | 49,900 (23.4 Lakhs) |
| Highest Put Writing at | 48,000 (37.4 Lakhs) |
Bank Nifty Support and Resistance
| Support | 48,000, 47,700 |
| Resistance | 49,000, 49,300 |
Click here to learn the Difference Between Cryptocurrencies and Stocks.
Join our upcoming free Webinar on Understanding Price Action Techniques: A Guide to Effective Trading
If you’d like to know how we analyze the market and provide accurate levels every day. then click on the Free Demo button below and change your trading life for good. 5X returns are possible in options trading If you have Spider Software in your trading system.
Disclaimer: The information provided in this Blog is for educational purposes only and should not be construed as financial advice. Trading in the stock market involves a significant level of risk and can result in both profits and losses. Spider Software & Team does not guarantee any specific outcome or profit from the use of the information provided in this Blog. It is the sole responsibility of the viewer to evaluate their own financial situation and to make their own decisions regarding any investments or trading strategies based on their individual financial goals, risk tolerance, and investment objectives. Spider Software & Team shall not be liable for any loss or damage, including without limitation any indirect, special, incidental or consequential loss or damage, arising from or in connection with the use of this blog or any information contained herein.
