In the Stock Market Today, Sensex drops over 1000 points, Nifty falls below 22000; midcap, smallcap sectors suffer losses.
Stock Market Nifty Chart Prediction.
On April 08, Sensex witnessed a decline of 1,062 points, closing at 72,404, while the Nifty 50 dropped 335 points, ending at 21,967. Among the stocks, 865 showed gains, -2,394 experienced losses, and 102 remained stable.
Top Nifty gainers: Jupiter Wagons, Hero Motocorp, and TVS Motor
Top Nifty Losers: Bajaj Consumer, Muthoot Finance, Tata Power
Except for Nifty Auto, all sectors declined. Nifty Oil & Gas was the biggest loser, dropping by 3.2%. Nifty Metal and FMCG indices fell by 2.9% and 2.5% respectively, while Nifty Pharma and Realty indices both decreased by 2%. Nifty Auto was the only gainer, rising by 0.8%.
BSE Midcap index & Smallcap index dropped by more than 2%
Stock Prediction for 10th May 2024.
| STOCK | Good Above | Weak Below |
| AUBANK | 631 | 625 |
| ESCORTS | 3481 | 3451 |
| GODREJCP | 1351 | 1332 |
| INFY | 1444 | 1425 |
Prediction For Friday, NIFTY can go up if it goes above 22,100 or down after the level of 21,950 but all depends upon the Global cues.
Nifty witnessed a sharp selloff, ending 345 points lower. The formation of a long bearish candle suggests potential further weakness, though a technical rebound may occur from current levels. Resistance is expected at 22100-22150, with support seen at 21950-21900.
| Highest Call Writing at | 22,100 (1.2 Crore) |
| Highest Put Writing at | 21,950 (1.6 Crore) |
Nifty Support and Resistance
| Support | 21,950, 21,900 |
| Resistance | 22,100, 22,150 |
Bank Nifty Daily Chart Prediction.
Prediction For Friday, Bank NIFTY can go up if it goes above 48,000 or down after the level of 47,400 but it all depends upon the Global cues.
Bank Nifty index remains under bearish pressure, with the next immediate support level at 47,400. A breach below this level could escalate selling pressure towards the 47,000 mark. The index encounters immediate resistance at 48,000, where there is notable call writing activity. A decisive breakthrough above this resistance level might prompt short-covering moves towards the 48,500 mark.
| Highest Call Writing at | 48,000 (27.7 Lakhs) |
| Highest Put Writing at | 47,400 (14.1 Lakhs) |
Bank Nifty Support and Resistance
| Support | 47,400, 47,000 |
| Resistance | 48,000, 48,500 |
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