Stock Market Today, Nifty reaches a new peak, with Sensex rising 74 points; IT and pharma sectors show gains.
Stock Market Nifty Chart Prediction.
On August 28, The Sensex increased by 73.80 points, to 81,785.56, while the Nifty gained 34.50 points, reaching 25,052.30. Approximately 1,729 stocks rose, -2,049 fell, and 85 remained unchanged.
Top Nifty gainers: LTIMindtree, Wipro, Divis Labs, IndusInd Bank and Bharti Airtel
Top Nifty Losers: Maruti Suzuki, Nestle India, Asian Paints, Adani Enterprises and Britannia Industries.
The IT, Pharma, and Healthcare sectors each gained over 1%, while the Telecom index rose by 0.5%. On the other hand, the Media index fell by 1.4%, and both the FMCG and PSU Bank sectors declined by 0.4%.
BSE midcap and Smallcap index ended flat each.
Stock Prediction for 29th August 2024.
| STOCK | Good Above | Weak Below |
| BAJFINANCE | 6930 | 6850 |
| HDFCLIFE | 743 | 736 |
| PFC | 541 | 535 |
| UNITDSPR | 1458 | 1438 |
Prediction For Thursday, NIFTY can go up if it goes above 25,100 or down after the level of 25,000, but it all depends upon the Global cues.
Nifty climbed to a new high of 25,130, maintaining a positive trend. However, profit-taking in the final session pulled the index down to close at 25,052.35. Resistance is expected between 25,100 and 25,500, while support is found in the 25,000 to 24,800 range.
| Highest Call Writing at | 25,100 (88.8 Lakhs) |
| Highest Put Writing at | 25,000 (1.2 Crore) |
Nifty Support and Resistance
| Support | 25,000 and 24,800 |
| Resistance | 25,100 and 25,500 |
Bank Nifty Daily Chart Prediction.
Prediction For Thursday, Bank NIFTY can go up if it goes above 51,200 or down after the level of 51,000 but it all depends upon the Global cues.
Banknifty is showing a positive trend. If you have long positions, it’s advisable to hold them with a daily closing stop loss at 50,628. The Bank Nifty index is trading at 51,115, down by 0.32%. Resistance levels are seen between 51,200 and 51,600, while support levels are in the range of 51,100 to 50,800.
| Highest Call Writing at | 51,400 (1.1 Crore) |
| Highest Put Writing at | 51,000 (1.2 Crore) |
Bank Nifty Support and Resistance
| Support | 51,100 and 50,800 |
| Resistance | 51,200 and 51,600 |
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