In the Stock Market Today, Sensex surged by 1,519 points, while the Nifty hovered around 23,300, with all sectors showing gains.
Stock Market Nifty Chart Prediction.
On June 07 Sensex rose by 1,618.85 points, reaching 76,693.36, which is a 2.16 percent increase. The Nifty also went up by 468.80 points, reaching 23,290.20, marking a 2.05 percent rise. Out of the total shares, 2,598 went up, -801 went down, and 76 remained the same.
Top Nifty gainers: M&M, Wipro, Tech Mahindra, Infosys and UltraTech Cement
Top Nifty Losers: SBI Life Insurance and Tata Consumer Products.
On the Nifty, M&M, Wipro, Tech Mahindra, Infosys and UltraTech Cement saw significant gains, while SBI Life Insurance and Tata Consumer Products were among those that lost value.
The BSE midcap index increased by 1.2%, while the smallcap index saw a rise of 2%.
Stock Prediction for 10th June 2024.
| STOCK | Good Above | Weak Below |
| AXISBANK | 1190 | 1175 |
| CHOLAFIN | 1345 | 1330 |
| HEROMOTOCO | 5590 | 5550 |
| LTTS | 4830 | 4790 |
Prediction For Monday, NIFTY can go up if it goes above 23,500 or down after the level of 22,000 but it all depends upon the Global cues.
Nifty went up a lot after staying flat in the last trading session. The short-term outlook seems really good because the index ended close to its highest-ever point. It’s a good idea to buy when the market drops, as long as it stays above 23,000. If it goes higher, it might reach somewhere between 23,500 to 23,600. But if it falls below 23,000, people might start selling to take their profits. Resistance is identified at the 23,500-23,600 range, while support is found at 22,000-21,800.
| Highest Call Writing at | 23,500 (92.3 Lakhs) |
| Highest Put Writing at | 22,000 (58.0 Lakhs) |
Nifty Support and Resistance
| Support | 22,000 – 21,800 |
| Resistance | 23,500 – 23,600 |
Bank Nifty Daily Chart Prediction.
Prediction For Friday, Bank NIFTY can go up if it goes above 51,200 or down after the level of 49,500 but it all depends upon the Global cues.
Bank Nifty continued its pullback but hasn’t yet reached its previous peak of 51,133. This trend is expected to go on, and if it drops to between 49,500 and 49,000, it could be a good time to buy. The resistance is between 51,200 and 51,500, while the support is between 49,500 and 49,000.
| Highest Call Writing at | 51,133 (22.3 Lakhs) |
| Highest Put Writing at | 49,500 (14.6 Lakhs) |
Bank Nifty Support and Resistance
| Support | 49,500 – 49,000 |
| Resistance | 51,200 – 51,500 |
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