In the Stock Market Today, Nifty drops to 24,850, while the Sensex plunges by 1,017 points; all sectors see a decline.
Stock Market Nifty Chart Prediction.
On September 06, The Sensex fell by 1,017.23 points, to 81,183.93, while the Nifty dropped 292.90 points, to 24,852.20. Approximately 1,359 shares gained, -2,422 shares fell, and 86 shares remained unchanged.
Top Nifty gainers: Asian Paints, JSW Steel, Bajaj Finance, LTIMindtree and Divis Labs.
Top Nifty Losers: SBI, HCL Technologies, NTPC, ICICI Bank and BPCL.
All sectoral indices closed in negative territory, with auto, PSU banks, oil & gas, media, telecom, IT, realty, and capital goods sectors declining by 1-3 percent.
BSE midcap index shed 1.4%, while the smallcap index declined 1%.
Stock Prediction for 09th Sept 2024.
| STOCK | Good Above | Weak Below |
| BERGEPAINT | 600 | 593 |
| JSWSTEEL | 938 | 923 |
| JUBLFOOD | 650 | 643 |
| MFSL | 1130 | 1114 |
Prediction For Monday, NIFTY can go up if it goes above 25,000 or down after the level of 24,800, but it all depends upon the Global cues.
Nifty started off flat but experienced a significant drop, ending in the red with a loss of around 280 points. Due to this decline, Nifty has now approached the key support range of 24,800 – 24,500. We anticipate that Nifty will hold this support level, so we maintain a short-term positive outlook. The immediate resistance is positioned between 25,000 and 25,500.
| Highest Call Writing at | 25,000 (71.8 Lakhs) |
| Highest Put Writing at | 24,800 (47.8 Lakhs) |
Nifty Support and Resistance
| Support | 24,800 and 24,500 |
| Resistance | 25,000 and 25,500 |
Bank Nifty Daily Chart Prediction.
Prediction For Monday, Bank NIFTY can go up if it goes above 51,500 or down after the level of 50,500 but it all depends upon the Global cues.
Banknifty shifted into a negative trend, with the banking sector leading today’s decline. It has closed decisively below short-term moving averages, and the daily momentum indicator has shown a bearish crossover, signaling a sell. On the level front, the 51,500 – 52,000 range will serve as an immediate resistance zone, while the critical short-term support lies between 50,500 and 50,000.
| Highest Call Writing at | 51,500 (43.5 Lakhs) |
| Highest Put Writing at | 50,500 (15.5 Lakhs) |
Bank Nifty Support and Resistance
| Support | 50,500 and 50,000 |
| Resistance | 51,500 and 52,000 |
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