In the Stock Market Today, Sensex & Nifty remain steady; media sectors perform well, while FMCG and metals weigh down the market.
Stock Market Nifty Chart Prediction.
On August 27, The Sensex increased by 13.65 points, reaching 81,711.76, while the Nifty rose by 7.20 points, to 25,017.80. Around 2,036 shares gained, -1,746 shares fell, and 86 shares remained unchanged.
Top Nifty gainers: SBI Life Insurance, Maruti Suzuki, Bajaj Finserv, Shriram Finance and HDFC Life,
Top Nifty Losers: HUL, JSW Steel, Titan Company, Tata Motors and Grasim Industries.
In sectoral performance, the energy, metal, and FMCG sectors declined by 0.5-1%, while sectors like banking, capital goods, healthcare, IT, real estate, pharma, and media saw gains of 0.2-4%.
BSE midcap and Smallcap index rose 0.5% each.
Stock Prediction for 28th August 2024.
| STOCK | Good Above | Weak Below |
| COFORGE | 6100 | 6045 |
| ICICIBANK | 1230 | 1208 |
| LAURUSLAB | 457 | 452 |
| PIIND | 4456 | 4420 |
Prediction For Wednesday, NIFTY can go up if it goes above 25,000 or down after the level of 25,000, but it all depends upon the Global cues.
NIFTY is currently showing a positive trend, but the market sentiment has become uncertain, as indicated by a Doji pattern on the daily chart. If you have long positions, it is advisable to continue holding them with a stop loss set at a daily close of 24,821. The resistance levels are between 25,000 and 25,500, while the support levels range from 25,000 to 24,500.
| Highest Call Writing at | 25,000 (89.1 Lakhs) |
| Highest Put Writing at | 25,000 (93.8 Lakhs) |
Nifty Support and Resistance
| Support | 25,000 and 24,500 |
| Resistance | 25,000 and 25,500 |
Bank Nifty Daily Chart Prediction.
Prediction For Wednesday, Bank NIFTY can go up if it goes above 51,400 or down after the level of 51,000 but it all depends upon the Global cues.
Banknifty is currently trending upward. If you have long positions, it is recommended to hold them with a daily closing stop loss at 50,626. On the upside, resistance levels are at 51,400 to 52,000, and support levels are between 51,000 and 50,700.
| Highest Call Writing at | 51,400 (42.4 Lakhs) |
| Highest Put Writing at | 51,000 (35.0 Lakhs) |
Bank Nifty Support and Resistance
| Support | 51,000 and 50,700 |
| Resistance | 51,400 and 52,000 |
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