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 27 Sensex dropped by 19.89 points, to 75,390.50, while the Nifty fell by 0.11 percent, to 22,932.50. Out of all shares traded, 1,599 advanced, -1,868 declined, and 116 remained unchanged.
Top Nifty gainers: Divis Labs, IndusInd Bank, Axis Bank, LTIMindtree and Adani Ports,
Top Nifty Losers: Adani Enterprises, Wipro, Grasim Industries, ONGC and SBI Life Insurance.
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 rose 0.6%, while the smallcap index remained flat.
Stock Prediction for 28th May 2024.
| STOCK | Good Above | Weak Below |
| ASTRAL | 2186 | 2162 |
| HINDUNILVR | 2401 | 2370 |
| INFY | 1482 | 1463 |
| NATIONALUM | 196 | 193 |
Prediction For Tuesday, NIFTY can go up if it goes above 23,200 or down after the level of 23,000 but all depends upon the Global cues.
Nifty experienced a day of volatile trading. It opened positively and climbed steadily in the first half. However, a sharp drop in the last hour wiped out all gains, causing Nifty to close in the negative. We anticipate further consolidation before the next uptrend begins. Given the recent sharp increase, sideways movement is likely, so Nifty may consolidate around 23,000 until the monthly expiry. The resistance zone is at 23,200-23,500, while support is found at 23,000-22,800.
| 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, 22,800 |
| Resistance | 23,200, 23,500 |
Bank Nifty Daily Chart Prediction.
Prediction For Tuesday, Bank NIFTY can go up if it goes above 49,600 or down after the level of 48,700 but it all depends upon the Global cues.
Bank Nifty started the day above the 49,000 resistance level but faced selling pressure between 49,000 and 48,700, establishing a new resistance range of 49,600 to 50,000. Significant put writing at the 49,000 strike price suggests strong support at this level. A close above 49,600 could propel Bank Nifty towards 50,000. The overall sentiment remains bullish, suggesting a buy-on-dip strategy with a stop loss set at 48,900.
| Highest Call Writing at | 49,600 (36.4 Lakhs) |
| Highest Put Writing at | 48,700 (24.4 Lakhs) |
Bank Nifty Support and Resistance
| Support | 49,000, 48,700 |
| Resistance | 49,600, 50,000 |
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