In the Stock Market Today, Nifty falls below 22,900 as Sensex loses 220 points; mid and small-cap stocks decline.
Stock Market Nifty Chart Prediction.
On May 28 Sensex fell 220.05 points to 75,170.45, while the Nifty decreased by 44.30 points to 22,888.20. Approximately 1,079 shares advanced, -2,272 shares declined, and 83 shares remained unchanged.
Top Nifty gainers: Adani Ports, Power Grid Corp, Coal India, Adani Enterprises and ONGC,
Top Nifty Losers: Divis Laboratories, SBI Life Insurance, HDFC Life and Hero MotoCorp.
In the sectoral arena, Oil & Gas, Capital Goods, Telecom, PSU Bank, Power, and Realty sectors fell by 1-2 percent.
BSE Midcap index was down 0.5% and smallcap index shed 1%
Stock Prediction for 29th May 2024.
| STOCK | Good Above | Weak Below |
| AUROPHARMA | 1225 | 1208 |
| HINDCOPPER | 375 | 371 |
| LAURUSLAB | 446 | 441 |
| PIDILITIND | 3053 | 3025 |
Prediction For Wednesday, NIFTY can go up if it goes above 23,000 or down after the level of 22,800 but all depends upon the Global cues.
Nifty experienced another day of consolidation. It started positively, but as the day went on, profit booking at higher levels pushed it down, ending the day with a loss of around 44 points. The daily charts show the Nifty consolidating within a narrow range around the 23,000 mark for the past three sessions. We anticipate this consolidation to persist until the May series expiry. The 23,000-23,500 zone may offer strong resistance on the upside, while on the downside, the Nifty could slip towards the 22,800-22,600 range.
| Highest Call Writing at | 23,000 (99.8 Lakhs) |
| Highest Put Writing at | 22,800 (67.6 Lakhs) |
Nifty Support and Resistance
| Support | 22,800, 22,600 |
| Resistance | 23,000, 23,500 |
Bank Nifty Daily Chart Prediction.
Prediction For Wednesday, Bank NIFTY can go up if it goes above 49,500 or down after the level of 49,000 but it all depends upon the Global cues.
Bank Nifty saw profit booking at higher levels, closing down by around 140 points. After outperforming for three days, it showed signs of exhaustion at the top. We believe this is routine profit booking rather than a trend reversal, so we maintain a positive outlook on the Index. The key support zone is 49,000 – 48,500, while the immediate resistance is between 49,500-50,000 in the short term.
| Highest Call Writing at | 49,500 (48.3 Lakhs) |
| Highest Put Writing at | 49,000 (26.5 Lakhs) |
Bank Nifty Support and Resistance
| Support | 49,000, 48,500 |
| Resistance | 49,500, 50,000 |
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