In today’s stock market, Nifty is below 24,150, and Sensex has dropped by 55 points. However, IT stocks are doing well.
Stock Market Nifty Chart Prediction
On November 08, Sensex fell by 55.47 points, ending at 79,486.32, while the Nifty dropped by 51.10 points, closing at 24,148.20. Out of the total shares, 1,314 went up, 2,475 went down, and 95 remained unchanged.
Top Nifty gainers: M&M, Titan Company, Tech Mahindra, Infosys and Nestle
Top Nifty Losers: Coal India, Tata Steel, Trent, Asian Paints and Shriram Finance.
In terms of sectors, the IT index rose by 0.7%, while media, PSU Bank, metal, oil & gas, power, and realty sectors saw a decline of 1-2%.
The BSE midcap index shed 1 percent and smallcap index was down 1.6 percent.
Stock Prediction for 11th Nov 2024.
| STOCK | Good Above | Weak Below |
| LT | 3660 | 3656 |
| FEDERALBNK | 207 | 203 |
| LAURUSLABS | 507 | 500 |
| ASHOKLEY | 225 | 221 |
Prediction for Monday NIFTY can go up if it goes above 24,500 or down after the level of 23,850, but it all depends upon the Global cues.
The benchmark indices experienced volatile movements. Among the sectors, the IT index was the top performer, rising more than 3.78%, while the realty index dropped by over 4%. Throughout the week, after a sharp correction, the market found support around 23,850-24,100, with resistance levels between 24,500 and 24,750.
| Highest Call Writing at | 24,500 (85.0 Lakh) |
| Highest Put Writing at | 23,850 (53.0 Lakhs) |
Nifty Support and Resistance
| Support | 23,850 to 24,100 |
| Resistance | 24,500 and 24,750 |
Bank Nifty Daily Chart Prediction
Prediction For Monday, Bank NIFTY can go up if it goes above 52,500 or down after the level of 51,500, but it all depends upon the Global cues.
Bank Nifty started strong but ended the day forming a red candle, closing at 51,522. Resistance is seen between 52,500 and 53,000, while support is expected around 51,500 to 51,000.
| Highest Call Writing at | 52,500 (35.4 Lakh) |
| Highest Put Writing at | 51,000 (16.5 Lakh) |
Bank Nifty Support and Resistance
| Support | 51,500 to 51,000 |
| Resistance | 52,500 and 53,000 |
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