In today’s stock market, the Nifty was below 24,200 and the Sensex dropped 663 points, though FMCG stocks outperformed.
Stock Market Nifty Chart Prediction.
On October 25, the Sensex fell by 662.87 points to 79,402.29, while the Nifty dropped 218.60 points to 24,180.80. Overall, 804 shares advanced, 2,968 declined, and 80 remained unchanged.
Top Nifty gainers: ITC, Sun Pharma, Britannia Industries, HUL and Axis Bank.
Top Nifty Losers: IndusInd Bank, BPCL, Adani Enterprises, Shriram Finance, and M&M
BSE Midcap Index shed 1.5 percent and the Smallcap Index fell 2.4 percent.
Stock Prediction for 28th Oct 2024.
| STOCK | Good Above | Weak Below |
| ALKEM | 5975 | 5925 |
| HCLTECH | 1866 | 1842 |
| HINDUNILVR | 2550 | 2525 |
| SUNPHARMA | 1865 | 1845 |
Prediction for Monday NIFTY can go up if it goes above 24,500 or down after the level of 24,000, but it all depends upon the Global cues.
After a flat start, the Nifty gradually declined throughout the session, though a slight bounce in the last hour helped reduce some losses. The Nifty dropped below its recent consolidation level as the absence of follow-up buying led to increased selling pressure, decisively falling below 24,350. Resistance is noted between 24,500 and 25,000, with support in the range of 24,000 to 23,500.
| Highest Call Writing at | 24,500 (75.9 Lakh) |
| Highest Put Writing at | 24,000 (77.3 Lakh) |
Nifty Support and Resistance
| Support | 24,000 and 23,500 |
| Resistance | 24,500 and 25,000 |
Bank Nifty Daily Chart Prediction.
Prediction For Monday, Bank NIFTY can go up if it goes above 52,000 or down after the level of 50,000, but it all depends upon the Global cues.
The Bank Nifty is currently forming a red candle and trending downwards. If you hold short positions, it’s advisable to maintain them. Resistance is found between 52,000 and 52,500, while support lies in the range of 50,000 to 49,500.
| Highest Call Writing at | 52,000 (32.3 Lakh) |
| Highest Put Writing at | 50,000 (20.4 Lakh) |
Bank Nifty Support and Resistance
| Support | 50,000 and 49,500 |
| Resistance | 52,000 and 52,500 |
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