In the Stock Market Today, Sensex gains 350 points, Nifty near 24,950; FMCG and banks rise, oil & gas lags.
Stock Market Nifty Chart Prediction.
On September 09, The Sensex increased by 375.61 points reach 81,559.54, while the Nifty rose by 84.20 points to 24,936.40. Around 1,576 stocks gained, -2,300 dropped, and 130 remained unchanged.
Top Nifty gainers: HUL, Shriram Finance, ICICI Bank, ITC and Britannia Industries,
Top Nifty Losers: ONGC, Tech Mahindra, Hindalco Industries, NTPC and BPCL.
The FMCG and Bank indices both saw a 1% increase, while sectors like Capital Goods, IT, Metal, Telecom, Media, Oil & Gas, Power, and Realty experienced declines ranging between 0.3% & 1%.
BSE midcap index was down 0.3% and smallcap index shed 0.6%
Stock Prediction for 10th Sept 2024.
| STOCK | Good Above | Weak Below |
| COLPAL | 3700 | 3660 |
| GODREJPROP | 2900 | 2862 |
| ICICIBANK | 1243 | 1225 |
| ITC | 513 | 506 |
Prediction For Tuesday, NIFTY can go up if it goes above 25,000 or down after the level of 24,800, but it all depends upon the Global cues.
Nifty had a flat opening, but after some early volatility, it stabilized and ended the day up by around 80 points. The daily charts indicate that Nifty tested and maintained its support range of 24,800 – 24,500. Today’s low of 24,753 should serve as the stop-loss for long positions, and a break below this level could signal a short-term trend reversal. On the upside, the immediate resistance lies between 25,000 and 25,500.
| Highest Call Writing at | 25,000 (66.2 Lakhs) |
| Highest Put Writing at | 24,800 (48.4 Lakhs) |
Nifty Support and Resistance
| Support | 24,800 and 24,500 |
| Resistance | 25,000 and 25,500 |
Bank Nifty Daily Chart Prediction.
Prediction For Tuesday, Bank NIFTY can go up if it goes above 51,300 or down after the level of 50,500 but it all depends upon the Global cues.
Bank Nifty saw a strong rebound from its intraday lows, recovering most of the losses from the previous session. The V-shaped recovery indicates buying interest at lower levels. Support for Bank Nifty is seen between 50,500 and 50,000, with resistance positioned between 51,300 and 51,500.
| Highest Call Writing at | 51,300 (32.8 Lakhs) |
| Highest Put Writing at | 50,500 (24.9 Lakhs) |
Bank Nifty Support and Resistance
| Support | 50,500 and 50,000 |
| Resistance | 51,300 and 51,500 |
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