In the Stock Market Today, Nifty falls below 24,450, Sensex drops by 230 points; mid and small caps outperform.
Stock Market Nifty Chart Prediction.
On July 24, The Sensex decreased by 280.16 points, to 80,148.88, while the Nifty fell by 65.50 points, to 24,413.50. In the market, approximately 2,474 shares saw gains, -927 shares experienced losses, and 85 shares remained unchanged.
In sectoral performance, healthcare, oil & gas, media, telecom, and power sectors rose by 1-2%, whereas the FMCG and bank indices declined by 0.5-1%
Top Nifty gainers: HDFC Life, Tech Mahindra, BPCL, NTPC and SBI Life Insurance,
Top Nifty Losers: Bajaj Finserv, Britannia Industries, Hero MotoCorp, Tata Consumer and Axis Bank.
BSE Midcap index was up 0.6% and smallcap index rose 2%.
Stock Prediction for 25th July 2024.
| STOCK | Good Above | Weak Below |
| COALINDIA | 495 | 490 |
| RECLTD | 613 | 606 |
| RELIANCE | 3000 | 2970 |
| TATAMOTOR | 1032 | 1020 |
Prediction For Thursday, NIFTY can go up if it goes above 24,500 or down after the level of 24,300 but it all depends upon the Global cues.
The Nifty started the day positively but consolidated throughout and ended with a loss of approximately 65 points. It traded within the range of the previous session, indicating a shift to a rangebound trend between 24,800 and 23,800. The resistance zone on the upside is between 24,500 and 24,800, while on the downside, we anticipate levels around 24,300 to 24,000.
| Highest Call Writing at | 24,500 (90.9 Lakhs) |
| Highest Put Writing at | 24,300 (1.2 Crore) |
Nifty Support and Resistance
| Support | 24,300-24,000 |
| Resistance | 24,500- 24,800 |
Bank Nifty Daily Chart Prediction.
Prediction For Thursday, Bank NIFTY can go up if it goes above 51,900 or down after the level of 50,700 but it all depends upon the Global cues.
Bank Nifty experienced continued selling pressure, contributing significantly to the recent decline. We anticipate this weakness to persist. An optimal trading strategy would be to sell during a rise around the 51,800 – 51,700 levels. On the downside, support is found between 50,700 and 50,200, while resistance on the upside is between 51,900 and 52,600.
| Highest Call Writing at | 51,900 (49.6 Lakhs) |
| Highest Put Writing at | 50,700 (45.4 Lakhs) |
Bank Nifty Support and Resistance
| Support | 50,700-50,200 |
| Resistance | 51,900-52,600 |
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