In the Stock Market Today, Sensex and Nifty broke a five-day winning streak, closing lower amid profit booking and weak global cues.
Stock Market Nifty Chart Prediction.
On April 26, Sensex recorded a decrease of 609.28 points, closing at 73,730.16. Similarly, the Nifty experienced a decline of 150.30 points, ending at 22,420.
Top Nifty gainers: Tech Mahindra, Divis Labs, LTIMindtree, Bajaj Auto and BPCL,
Top Nifty Losers: Bajaj Finance, Bajaj Finserv, Nestle India, IndusInd Bank, M&M.
Except for auto, bank, and capital goods, all other sectors closed in the green, with oil & gas, healthcare, realty, and media showing gains of 0.3-1 percent.
BSE midcap index is up 0.8% and the smallcap index is up 0.3%.
Stock Prediction for 29th April 2024.
| STOCK | Good Above | Weak Below |
| CIPLA | 1425 | 1406 |
| RECLTD | 460 | 455 |
| ITC | 441 | 436 |
| IPCALAB | 1350 | 1332 |
Prediction For Monday, NIFTY can go up if it goes above 22,200 or down after the level of 22,200 but all depends upon the Global cues.
Nifty remained under consistent selling pressure. Analysis of its daily charts reveals resistance in the 22,500 – 22,600 range, indicating ongoing consolidation until a decisive breakthrough occurs. Critical support now lies within the 22,200 – 21,900 range on the downside.
| Highest Call Writing at | 22,500 (64 Lakhs) |
| Highest Put Writing at | 22,200 (54 Lakhs) |
Nifty Support and Resistance
| Support | 22,200, 21,900 |
| Resistance | 22,500, 22,600 |
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 48,000 but it all depends upon the Global cues.
Bank Nifty’s attempt to bounce back from the previous day’s lows was brief and failed to attract sustained buying interest. Additionally, the momentum indicator’s divergence did not validate the upward movement, suggesting the possibility of consolidation in the near future. Key support levels are situated between 48,000 and 47,500, while resistance is anticipated around 48,500 to 49,000.
| Highest Call Writing at | 49,000 (31.2 Lakhs) |
| Highest Put Writing at | 48,000 (29.4 Lakhs) |
Bank Nifty Support and Resistance
| Support | 48,000, 47,500 |
| Resistance | 48,500, 49,000 |
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