In today’s stock market, Nifty slips below 24,650, Sensex down 170 points; FMCG stocks weigh down the market while IT and metals outperform.
Stock Market Nifty Chart Prediction
On December 9, Sensex down 200.66 points at 81,508.46, Nifty down 58.80 points at 24,619. About 2222 advances, 1692 declines, and 151 unchanged.
Top Nifty gainers: L&T, Wipro, SBI Life Insurance, BPCL, Tata Steel.
Top Nifty Losers: Tata Consumer, HUL, Tata Motors, Axis Bank, Nestle India
Sector-wise, FMCG and Media fell 2% each, while Pharma, PSU Bank, Auto, and Energy slipped 0.5%. On the upside, Metal rose 0.5% and Capital Goods gained 1%
The BSE midcap index was up 0.2 percent and the smallcap index rose 0.4 percent.
Stock Prediction for 10th Dec 2024
| STOCK | Good Above | Weak Below |
| EXIDEIND | 468 | 462 |
| HDFCAMC | 4480 | 4422 |
| KPITTECH | 1541 | 1521 |
| VOLTAS | 1765 | 1745 |
Prediction for Tuesday NIFTY can go up if it goes above 24,800 or down after the level of 24,500, but it all depends upon the Global cues.
After a tepid opening, the Nifty traded within a narrow range and closed at 24,619, marking a loss of 58.80 points. The formation of a Gravestone DOJI candlestick signals a much-needed pullback in the market. Immediate resistance is expected between 24,800 and 25,000, while support levels are seen in the 24,500 to 24,000 range. Traders will be watching closely for any potential breakout or further consolidation.
| Highest Call Writing at | 24,800 (1.0 crore) |
| Highest Put Writing at | 24,500 (50.4 lakh) |
Nifty Support and Resistance
| Support | 24,500 to 24,000 |
| Resistance | 24,800 and 25,000 |
Bank Nifty Daily Chart Prediction
Prediction For Tuesday, Bank NIFTY can go up if it goes above 53,900 or down after the level of 53,200, but it all depends upon the Global cues.
Markets remained subdued in a range-bound session, mostly in the red, as investor enthusiasm waned after last week’s rally. Focus shifts to this week’s IIP and inflation data, crucial amid the RBI’s concerns over high inflation. Resistance is seen at 53,900-54,500, with support at 53,200-52,800.
| Highest Call Writing at | 53,900 (20.4 Lakh) |
| Highest Put Writing at | 53,200 (16.1 Lakh) |
Bank Nifty Support and Resistance
| Support | 53,200-52,800. |
| Resistance | 53,900-54,500 |
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