In the Stock Market Today, Sensex and Nifty close flat while there was a rally in telecom and media stocks.
Stock Market Nifty Chart Prediction.
On May 24 Sensex fell by 7.65 points or 410.39, while the Nifty dropped 10.60 points or 0.05 percent to 22,957.10. Of the shares, 1467 advanced, -1875 declined, and 89 remained unchanged.
Top Nifty gainers: HDFC Bank, L&T, Bharti Airtel, BPCL and Axis Bank
Top Nifty Losers: Adani Ports, Tata Consumer, Tech Mahindra, Titan and M&M.
All sectors like Oil & Gas, Capital Goods, Telecom, and Media rose by 0.5-2%, whereas FMCG, Healthcare, IT, Metal, and Realty sectors each declined by 0.5%.
BSE Midcap index increased by 0.2%, Smallcap index fell by 0.2%
Stock Prediction for 27th May 2024.
| STOCK | Good Above | Weak Below |
| LT | 3630 | 3600 |
| POLYCAB | 6724 | 6645 |
| PIIND | 3660 | 3620 |
| CIPLA | 1502 | 1480 |
Prediction For Monday, NIFTY can go up if it goes above 22,950 or down after the level of 22,800 but all depends upon the Global cues.
Nifty started the day flat and then traded quietly after Thursday’s surge, ultimately ending nearly unchanged. Throughout the session, it oscillated within a narrow range but briefly reached the new milestone of 23,000. The upside resistance zone is between 23,200-23,500, while the downside zone lies at 23,000-22,500.
| Highest Call Writing at | 23,200 (73.7 Lakhs) |
| Highest Put Writing at | 23,000 (68.6 Lakhs) |
Nifty Support and Resistance
| Support | 23,000, 22,500 |
| Resistance | 23,200, 23,500 |
Bank Nifty Daily Chart Prediction.
Prediction For Monday, Bank NIFTY can go up if it goes above 49,000 or down after the level of 48,700 but it all depends upon the Global cues.
Bank Nifty commenced today’s session with a flat opening at 48,839 and has since maintained this level. The resistance is identified at 49,000-49,500, with support expected at 48,700-48,000. The direction of the next trend in Bank Nifty will be determined by its movement out of this price band. A breakout above 49,000 could initiate a rapid rally towards 49,500, followed by resistance at 50,000. Conversely, breaching the support at 48,700 may lead to a downward movement, finding additional support at 48,000.
| Highest Call Writing at | 49,000 (22.7 Lakhs) |
| Highest Put Writing at | 48,700 (31.0 Lakhs) |
Bank Nifty Support and Resistance
| Support | 48,000, 47,300 |
| Resistance | 49,000, 49,500 |
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