In today’s stock market, Nifty fell below 24,000, and the Sensex lost 1,190 points, causing a sharp market decline.
Stock Market Nifty Chart Prediction
On November 28, the Sensex was down 1,190.34 points at 79,043.74, and the Nifty was down 360.70 points at 23,914.20. About 2,156 shares advanced, 1,632 shares declined, and 101 shares remained unchanged.
Top Nifty gainers: SBI Life Insurance, HDFC Life, Infosys, M&M, Bajaj Finance
Top Nifty Losers: Adani Enterprises, Shriram Finance, SBI, Cipla.
Sectorally, auto, bank, IT, FMCG, metal, pharma, and energy stocks fell 0.3-2%, while PSU Bank gained 1% and Media rose 0.3%.
The BSE Midcap index ended flat, while the Smallcap index gained 0.4 percent.
Stock Prediction for 29th Nov 2024.
| STOCK | Good Above | Weak Below |
| CHAMBLFERT | 500 | 495 |
| COROMANDEL | 1764 | 1748 |
| NATIONALUM | 252 | 248 |
| SBICARD | 715 | 708 |
Prediction for Friday NIFTY can go up if it goes above 24,350 or down after the level of 23,800, but it all depends upon the Global cues.
Nifty struggled to break the key resistance at 24,350 and fell below its 20-day exponential moving average (DEMA), filling the gap on the daily chart. On the daily chart, Nifty50 formed a bearish candle but appears to be forming the right shoulder of an Inverted Head and Shoulder pattern. Resistance is expected between 24,350 and 24,500, while support is seen between 23,800 and 23,650.
| Highest Call Writing at | 24,350 (96.2 Lakh) |
| Highest Put Writing at | 23,800 (1.1 crore) |
Nifty Support and Resistance
| Support | 23,800 to 23,650 |
| Resistance | 24,350 and 24,500 |
Bank Nifty Daily Chart Prediction
Prediction For Friday, Bank NIFTY can go up if it goes above 52,800 or down after the level of 51,800, but it all depends upon the Global cues.
Bank Nifty initially broke out to the upside but lost momentum and ended the day down by around 395 points. It is currently holding above the key support level of 51,800, which is crucial for the short-term outlook. Despite the decline, this drop is unlikely to trigger a continued downtrend. Resistance is expected between 52,800 and 53,300, while support is seen in the range of 51,800 to 51,500.
| Highest Call Writing at | 52,800 (13.8 Lakh) |
| Highest Put Writing at | 51,800 (9.7 Lakh) |
Bank Nifty Support and Resistance
| Support | 51,800 and 51,500 |
| Resistance | 52,800 and 53,300 |
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