Home » Stock Market Prediction for Nifty & Bank Nifty 10th Oct 2024.

Stock Market Prediction for Nifty & Bank Nifty 10th Oct 2024.

In the stock market today, Nifty closed below 25,000, & the Sensex plunged 850 points as the RBI kept the repo rate unchanged.

Stock Market Nifty Chart Prediction.

Zoomed Nifty Chart in Intraday Time Frame.

On October 09, The Sensex fell by 167.71 points, to 81,467.10, while the Nifty dropped 31.20 points, to 24,982. Out of the total stocks, 2,580 saw gains, -1,201 declined, and 93 remained unchanged.

Top Nifty gainers: Trent, Cipla, Tata Motors, SBI and Maruti Suzuki,
Top Nifty Losers:    ITC, Nestle, Reliance Industries, ONGC, HUL.

All sectoral indices, except for metal, finished in positive territory, with auto, banking, healthcare, real estate, capital goods, power, telecom, and media rising by 1-2 percent.

BSE midcap and Smallcap indices up more than 1% each.

Stock Prediction for 10th Oct 2024
.

Prediction For Thursday, NIFTY can go up if it goes above 25,100 or down after the level of 24,800, but it all depends upon the Global cues.

The Nifty started the session on a strong note but was unable to sustain its gains, ending with a weaker close. The immediate trend remains positive as long as it stays above 24,940. However, if it falls below 24,940, it may prompt a correction toward 24,800 or 24,400. On the upside, resistance is expected around the 25,100 to 25,500 levels.

Highest Call Writing at
25,100 (1.2 Crore)
Highest Put Writing at
24,800 (80.7 Lakh)

Nifty Support and Resistance

Support 24,800 and 24,400.
Resistance
25,100 and 25,500

Bank Nifty Daily Chart Prediction.

The picture is of the Bank Nifty Stock Market chart in the daily time frame, through which it will be used to predict the market on Oct 10, 2024

The image displays Intraday version of the Bank Nifty Stock Market chart, used for predicting on Oct 10, 2024

Prediction For Thursday, Bank NIFTY can go up if it goes above 51,000 or down after the level of 50,500, but it all depends upon the Global cues.

Bank Nifty is currently trending downward. If you have short positions, it’s advised to hold them with a daily closing stop-loss at 51,585. Resistance is seen between 51,000 and 51,700 on the upside, while support lies between 50,900 and 50,500 on the downside.

Highest Call Writing at51,000 (92.2 Lakhs)
Highest Put Writing at 50,500 (49.5 Lakhs)

Bank Nifty Support and Resistance

Support 50,900 and 50,300
Resistance
51,000 and 51,700

Power of Algorithms in Options Trading, Try Spider Now: Register Now

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.

Leave a Reply

Your email address will not be published. Required fields are marked *