In the Stock Market Today, Nifty reaches a new all-time high, Sensex rises by 1,293 points; every sector is in the green
Stock Market Nifty Chart Prediction.
On July 26, The Sensex increased by 1,292.92 points, to 81,332.72. The Nifty went up by 428.70 points, to 24,834.80. About 2,329 shares rose, -1,108 shares fell, and 75 shares stayed the same.
All sectoral indices are experiencing gains, with IT, metal, pharma, realty, auto, capital goods, telecom, and media up by 1.3 percent.
Top Nifty gainers: Shriram Finance, Divis Labs, Apollo Hospitals, Bharti Airtel and Wipro,
Top Nifty Losers: ONGC, Tata Consumer Products, Axis Bank and Dr Reddy’s Laboratories.
BSE Midcap index rises 2% and Smallcap index up 1%.
Stock Prediction for 29th July 2024.
| STOCK | Good Above | Weak Below |
| GRASIM | 2862 | 2835 |
| LT | 3721 | 3690 |
| M&M | 2916 | 2880 |
| POWERGRID | 347 | 342 |
Prediction For Monday, NIFTY can go up if it goes above 25,400 or down after the level of 24,300 but it all depends upon the Global cues.
Nifty has broken out of a downward consolidation on the daily chart, indicating increased optimism. A significant green candle following several minor ones points to a bullish trend. As long as it remains above 24,500, the trend is likely to stay positive. Resistance levels are between 25,000 and 25,500, while support is between 24,500 and 24,000.
| Highest Call Writing at | 25,000 (55.9 Lakhs) |
| Highest Put Writing at | 24,500 (62.4 Lakhs) |
Nifty Support and Resistance
| Support | 24,500-24,000 |
| Resistance | 25,000- 25,500 |
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 50,500 but it all depends upon the Global cues.
Bank Nifty has formed an outside day pattern, suggesting potential price expansion. In the short term, this might lead to a bullish reversal. Resistance is anticipated between 52,000 and 52,600, while support is found between 50,500 and 49,500.
| Highest Call Writing at | 52,000 (23.1 Lakhs) |
| Highest Put Writing at | 50,500 (18.1 Lakhs) |
Bank Nifty Support and Resistance
| Support | 50,500-49,500 |
| Resistance | 52,000-52,600 |
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