In the Stock Market Today, Nifty hits about 22,750, Sensex rises 350 points, with boosts from food, metal, and oil sectors.
Stock Market Nifty Chart Prediction.
On April 10, Sensex increased by 354.45 points, reaching 75,038.15, while the Nifty rose by 111.00 points to 22,753.80, up. In the market, 1,761 shares saw gains, -1,617 shares experienced declines, and 81 shares remained steady.
Top Nifty gainers: Coal India, BPCL, Kotak Mahindra Bank, ITC and Hindalco Industries,
Top Nifty Losers: Cipla, Maruti Suzuki, HDFC Life, Divis Labs and SBI Life Insurance.
In terms of sectors, all sectors, aside from pharma, saw gains of 1-2% including media, PSU banks, FMCG, metal, and oil & gas.
BSE Midcap and Smallcap indices up 0.5 percent each.
Stock Prediction for 12th April 2024.
| STOCK | Good Above | Weak Below |
| AMBUJACEM | 631 | 625 |
| PFC | 410 | 405 |
| TATAMOTORS | 1020 | 1008 |
| RELIANCE | 2970 | 2943 |
Prediction For Friday, NIFTY can go up if it goes above 22,750 or down after the level of 22,700 but all depends upon the Global cues.
Nifty moved sideways as investors waited for US inflation data, which might affect Fed rate decisions. Resistance is at 22,750-22,800, with support at 22,700-22,650. A clear move past 22,750 could lead to a rally to 23,000. In this range-bound market, buying low and selling high with stop-losses could be a smart approach.
| Highest Call Writing at | 22,750 (1.2 Crore) |
| Highest Put Writing at | 22,700 (1.0 Crore) |
Nifty Support and Resistance
| Support | 22,700, 22,650 |
| Resistance | 22,750, 22,800 |
Bank Nifty Daily Chart Prediction.
Prediction For Friday, Bank NIFTY can go up if it goes above 49,000 or down after the level of 48,900 but it all depends upon the Global cues.
Bank Nifty index was in a phase of consolidation, hovering at high levels but finding it challenging to finish above 49,000. Support is currently positioned between 48,900-48,500, while resistance lies within the 49,000-49,100 range. A clear break beyond these points could initiate significant trending movements. The strategy of buying on dips is preferred, with 48,500 serving as an essential support level to mitigate potential declines.
| Highest Call Writing at | 49,000 (91.8 Lakhs) |
| Highest Put Writing at | 48,900 (67.9 Lakhs) |
Bank Nifty Support and Resistance
| Support | 48,500, 48,000 |
| Resistance | 49,000, 49,300 |
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