Today, the Nifty closed at 24,100, and the Sensex dropped by 590 points because the RBI decided to keep interest rates the same.
Stock Market Nifty Chart Prediction.
On August 08, The Sensex was down by 581.79 points, to 78,886.22, while the Nifty was down by 180.50 points, to 24,117. About 1702 shares advanced, 1679 shares declined, and 84 shares unchanged.
Top Nifty gainers: HDFC Life, Tata Motors, SBI Life Insurance, HDFC Bank and Cipla.
Top Nifty Losers: LTIMindtree, Grasim Industries, Asian Paints, Power Grid Corp and Infosys
In terms of sectors, only pharma, healthcare, and media did well. All other sectors, including metal, real estate, oil & gas, and information technology, fell by 1-2 percent.
BSE Midcap index was down 0.4 percent and Smallcap index ended flat.
Stock Prediction for 09th August 2024.
| STOCK | Good Above | Weak Below |
| GRANULES | 657 | 650 |
| SIEMENS | 6775 | 6700 |
| TATAMOTORS | 1055 | 1040 |
| ZYDUSLIFE | 1296 | 1278 |
Prediction For Friday, NIFTY can go up if it goes above 24,430 or down after the level of 24,100 but it all depends upon the Global cues.
Despite extreme volatility, the Nifty50 ended the weekly expiry day on a weak note. Resistance on the upside is at 24,430-24,870, while support on the downside is at 24,100-23,800.
| Highest Call Writing at | 24,430 (1.1 cr) |
| Highest Put Writing at | 24,100 (1.9 cr) |
Nifty Support and Resistance
| Support | 24,100-23,800 |
| Resistance | 24,430-24,870 |
Bank Nifty Daily Chart Prediction.
Prediction For Friday, Bank NIFTY can go up if it goes above 50,630 or down after the level of 49,800 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 50,630-51,360, and the support levels are at 49,800 –49,500.
| Highest Call Writing at | 50,630 (16.9 Lakhs) |
| Highest Put Writing at | 49,800 (14.6 Lakhs) |
Bank Nifty Support and Resistance
| Support | 50,630-51,360 |
| Resistance | 49,800– 49,500 |
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