In the Stock Market Today, Sensex surged by 820 points, with the Nifty crossing 24,350, as all sectors posted gains.
Stock Market Nifty Chart Prediction.
On August 09, The Sensex rose by 819.69 points, reaching 79,705.91. Similarly, the Nifty climbed by 250.50 points, hitting 24,367.50. There were 2,049 advancing shares, -1,305 declining shares, and 88 shares that remained unchanged.
Top Nifty gainers: Eicher Motors, ONGC, Tech Mahindra, Tata Motors and Shriram Finance
Top Nifty Losers: BPCL, HDFC Life, Kotak Mahindra Bank, Divis Labs and Sun Pharma.
All sectoral indices are showing positive performance, with auto, capital goods, IT, power, realty, PSU Bank, and media sectors rising by 1-2%
BSE Midcap index up 1% and Smallcap index up 0.8%
Stock Prediction for 12th August 2024.
| STOCK | Good Above | Weak Below |
| HCLTECH | 1600 | 1580 |
| SBILIFE | 1742 | 1720 |
| SHRIRAMFIN | 2970 | 2940 |
| TATACOMM | 1892 | 1870 |
Prediction For Monday, NIFTY can go up if it goes above 24,500 or down after the level of 24,000 but it all depends upon the Global cues.
Nifty opened with a gap up today and consolidated, ending the day with an increase of approximately 248 points. The daily charts show that the Nifty had previously declined from 25,100 to 23,900 and is now retracing that drop. On the upside, resistance is at the 24,500-25,000 range, while support lies between 24,000 and 23,600.
| Highest Call Writing at | 24,500 (86.8 Lakhs) |
| Highest Put Writing at | 24,000 (41.6 Lakhs) |
Nifty Support and Resistance
| Support | 24,000-23,600 |
| Resistance | 24,500-25,000 |
Bank Nifty Daily Chart Prediction.
Prediction For Monday, Bank NIFTY can go up if it goes above 50,700 or down after the level of 50,000 but it all depends upon the Global cues.
Bank Nifty also experienced consolidation and ended the day in positive territory. PSU banks saw a significant surge in trading today. Overall, the Bank Nifty is likely to align with the broader market and could see a pullback towards the 50,700-51,000 range. Immediate support is found at the 50,000-49,500 levels.
| Highest Call Writing at | 50,700 (19.5 Lakhs) |
| Highest Put Writing at | 50,000 (17.0 Lakhs) |
Bank Nifty Support and Resistance
| Support | 50,000-49,500 |
| Resistance | 50,700– 51,000 |
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