In the Stock Market Today, Sensex dropped by 668 points, Nifty declined to 22,700, with banking & real estate sectors leading the losses.
Stock Market Nifty Chart Prediction.
On May 29 Sensex dropped by 667.55 points, settling at 74,502.90. Meanwhile, the Nifty fell by 183.50 points, ending at 22,704.70. Out of the total shares, 1,473 saw gains, -1,871 experienced losses, and 90 remained unchanged.
Top Nifty gainers: Hindalco, Power Grid Corp, Divis Labs, Nestle and Sun Pharma,
Top Nifty Losers: HDFC Life, SBI Life Insurance, Tata Consumer Products and Tech Mahindra,
The sectoral front displayed a mixed trend. Capital goods, telecom, healthcare, metal, and power sectors closed in the green, whereas the auto, bank, FMCG, IT, oil & gas, and realty sectors declined by 0.3-1 percent.
BSE midcap index was down 0.4% while the smallcap index was up 0.2%
Stock Prediction for 30th May 2024.
| STOCK | Good Above | Weak Below |
| ADANIPORT | 1420 | 1400 |
| CONCOR | 1090 | 1075 |
| CROMPTON | 400 | 394 |
| MUTHOOTFIN | 1745 | 1725 |
Prediction For Thursday, NIFTY can go up if it goes above 23,000 or down after the level of 22,700 but all depends upon the Global cues.
Nifty experienced a significant decline as bears took control of the market. Throughout the day, there was heavy call writing at the 23,000 and 23,500 strike prices, while put writing was evident at the 22,700 and 22,500 strikes. If Nifty falls below 22,700, it could trigger additional selling pressure. The immediate resistance level is now at 22,800.
| Highest Call Writing at | 23,000 (1.3 Crore) |
| Highest Put Writing at | 22,700 (73.7 Lakhs) |
Nifty Support and Resistance
| Support | 22,700, 22,500 |
| Resistance | 23,000, 23,500 |
Bank Nifty Daily Chart Prediction.
Prediction For Thursday, Bank NIFTY can go up if it goes above 49,000 or down after the level of 48,500 but it all depends upon the Global cues.
Bank Nifty index exhibited a notable change in sentiment by opening below its 49,000 support level and continuing to trade under it. Selling pressure might push it down to 48,000. As a result, the support level for Bank Nifty is now 48,500-48,000, while 49,000-49,500 has become the new resistance range.
| Highest Call Writing at | 49,000 (1.0 Crore) |
| Highest Put Writing at | 48,500 (60.2 Lakhs) |
Bank Nifty Support and Resistance
| Support | 48,500, 48,000 |
| Resistance | 49,000, 49,500 |
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