In the Stock Market Today, Sensex and Nifty stayed stable amidst market shifts bank, metals shine, auto, FMCG drag.
Stock Market Nifty Chart Prediction.
On April 09, Sensex dropped by 58.80 points, closing at 74,683.70, while the Nifty fell by 24.50 points, to end at 22,641.80. In the market, 1,434 shares saw gains, -2,269 shares experienced declines, and 100 shares remained steady.
Top Nifty gainers: Apollo Hospitals, Hindalco Industries, ICICI Bank, Infosys and Bajaj Finserv
Top Nifty Losers: Titan Company, Hero MotoCorp, Coal India, Reliance Industreis and Asian Paints.
In terms of sectors, media, automotive, capital goods, and consumer goods saw a decrease of 0.5-1%, whereas the metal and real estate sectors each experienced a 0.5% increase.
BSE Midcap and Smallcap indices ended on negative note.
Stock Prediction for 10th April 2024.
| STOCK | Good Above | Weak Below |
| BALKRISIND | 2458 | 2425 |
| GRASIM | 2304 | 2280 |
| KOTAKBANK | 1790 | 1770 |
| NMDC | 230 | 225 |
Prediction For Wednesday, NIFTY can go up if it goes above 22,800 or down after the level of 22,600 but all depends upon the Global cues.
Nifty started the day with gains but faced challenges maintaining its position due to selling pressure at higher levels. Support is noted at 22,600, and a significant fall below this point may push the index down to 22,400. On the Upper side, resistance is seen at 22,800 – 23,000
| Highest Call Writing at | 22,800 (89.6 Lakhs) |
| Highest Put Writing at | 22,600 (89.6 Lakhs) |
Nifty Support and Resistance
| Support | 22,600, 22,400 |
| Resistance | 22,800, 23,000 |
Bank Nifty Daily Chart Prediction.
Prediction For Wednesday, 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 experienced some selling pressure in the latter half of the day, yet it still ended in positive territory. The overall trend continues to be upbeat, and any pullbacks to the support range of 48,500 to 48,000 should be considered opportunities to buy. Meanwhile, the next resistance levels are between 49,000 and 49,300.
| Highest Call Writing at | 49,000 (31.6 Lakhs) |
| Highest Put Writing at | 48,500 (35.9 Lakhs) |
Bank Nifty Support and Resistance
| Support | 48,500, 48,000 |
| 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.
