In the Stock Market Today, Sensex decreased by 203 points, with the Nifty lingering near 23,250; the IT sector experienced losses.
Stock Market Nifty Chart Prediction.
On June 10 Sensex fell by 203.28 points, landing at 76,490.08. Meanwhile, the Nifty decreased by 31 points, to 23,259.20. The market saw 2,381 shares gain, -1,176 shares decline, and 91 shares remain unchanged.
Top Nifty gainers: Tech Mahindra, Infosys, Wipro, M&M and LTIMindtree
Top Nifty Losers: UltraTech Cement, Grasim Industries, Hero MotoCorp, Cipla and Power Grid Corp.
In terms of sectors, the IT index dropped by 1.5% metals declined by 0.3% and oil & gas fell by 0.2%. Conversely, the realty index rose by 1.3% healthcare increased by 0.7% and power gained 0.4%
BSE midcap index rose 0.5% while the smallcap index gained 1%
Stock Prediction for 11th June 2024.
| STOCK | Good Above | Weak Below |
| EICHERMOT | 4800 | 4761 |
| HCLTECH | 1425 | 1406 |
| HDFCLIFE | 570 | 564 |
| TITAN | 3430 | 3393 |
Prediction For Tuesday, NIFTY can go up if it goes above 23,500 or down after the level of 23,000 but it all depends upon the Global cues.
Nifty opened with a gap up but consolidated throughout the day, ultimately closing in the red, down by approximately 50 points. On the daily charts, it reached a new all-time high of 23,412. After a rally of around 2,100 points since last week, we may see some consolidation in the near term. The Nifty is expected to drift towards the 23,000 – 22,600 range in the next few trading sessions. If it fails to sustain, it could fall to 22,930. On the upside, the immediate resistance zone is between 23,500 and 24,000, while the support zone lies between 23,000 and 22,600.
| Highest Call Writing at | 23,500 (1.2 Crore) |
| Highest Put Writing at | 23,000 (68.0 Lakhs) |
Nifty Support and Resistance
| Support | 23,000 – 22,600 |
| Resistance | 23,500 – 24,000 |
Bank Nifty Daily Chart Prediction.
Prediction For Tuesday, Bank NIFTY can go up if it goes above 50,500 or down after the level of 49,500 but it all depends upon the Global cues.
Bank Nifty continued its pullback but encountered resistance around the 50,250 level. The sharp rally appears to be losing momentum and is now set for consolidation in the near term. Key support lies between 49,500 and 49,000, with an immediate hurdle in the 50,500 – 51,000 range.
| Highest Call Writing at | 50,500 (32.5 Lakhs) |
| Highest Put Writing at | 49,500 (19.4 Lakhs) |
Bank Nifty Support and Resistance
| Support | 49,500 – 49,000 |
| Resistance | 50,500 – 51,000 |
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