In today’s stock market, The market is down with Nifty below 23,600 and Sensex down 200 points, but metal stocks are doing well.
Stock Market Nifty Chart Prediction
On February 07, Sensex was down 197.97 points at 77,860.19, and the Nifty was down 43.40 points at 23,559.95. About 1468 shares advanced, 2293 shares declined, and 139 shares remained unchanged.
Top Nifty gainers: Tata Steel, Bharti Airtel, Trent, JSW Steel, Hindalco
Top Nifty Losers: ONGC, ITC, Britannia, SBI, Adani Ports
In sectoral performance, the Nifty Metal index rose over 2%, while PSU Bank, FMCG, Media, and Oil & Gas sectors each fell by 1%.
Nifty Midcap index saw a slight increase, while the Smallcap index dropped by 0.3 percent.
Stock Prediction for 10th Feb 2025
| STOCK | Good Above | Weak Below |
| BHARTIARTL | 1686 | 1668 |
| EICHERMOT | 5405 | 5350 |
| TECHM | 1701 | 1681 |
| TORNTPHARM | 3280 | 3248 |
Prediction for Monday NIFTY can go up if it goes above 24,100 or down after the level of 23,400, but it all depends upon the Global cues.
The Nifty experienced volatility following the RBI Governor’s monetary policy announcement. However, despite the fluctuations, the index held above the 21 EMA on the daily chart, indicating a positive short-term trend. Resistance is expected around the 24,100–24,600 range, while support lies between 23,400 and 23,000.
| Highest Call Writing at | 24,100 (86.8 Lk) |
| Highest Put Writing at | 23,400 (68.2 Lk) |
Nifty Support and Resistance
| Support | 23,400-23,000 |
| Resistance | 24,100-24,600 |
Bank Nifty Daily Chart Prediction
Prediction For Monday, Bank NIFTY can go up if it goes above 51,000 or down after the level of 49,000, but it all depends upon the Global cues.
Bank Nifty is currently trending positively. Traders with long positions should consider holding them with a daily closing stop-loss at 49,674. Resistance is observed in the 51,000–51,500 range, while support is positioned between 49,000 and 48,500.
| Highest Call Writing at | 51,000 (18.8 Lakh) |
| Highest Put Writing at | 49,000 (14.0 Lakh) |
Bank Nifty Support and Resistance
| Support | 49,000 and 48,500 |
| Resistance | 51,000 to 51,500 |
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