In the Stock Market Today, Sensex and Nifty remained steady, with gains in the auto and energy sectors, while FMCG pulled back.
Stock Market Nifty Chart Prediction.
On July 30, The Sensex rose by 99.56 points, reaching 81,455.40. Similarly, the Nifty gained 21.20 points, closing at 24,857.30. Market movements included 2,074 shares advancing, -1,378 shares declining, and 79 shares remaining unchanged.
All sectoral indices, except for FMCG and Healthcare, closed higher, with gains ranging from 0.5% to 1% in the power, realty, and auto sectors.
Top Nifty gainers: BPCL, NTPC, Tata Motors, Power Grid Corp and Asian Paints,
Top Nifty Losers: Cipla, LTIMindtree, SBI Life Insurance, Grasim Industries and Sun Pharma.
BSE Midcap index was up 0.3% and Smallcap index rose 0.9%
Stock Prediction for 31st July 2024.
| STOCK | Good Above | Weak Below |
| CROMPTON | 448 | 442 |
| TATACOMM | 1914 | 1892 |
| TITAN | 3481 | 3451 |
| TVSMOTORS | 2500 | 2475 |
Prediction For Wednesday, NIFTY can go up if it goes above 25,000 or down after the level of 24,500 but it all depends upon the Global cues.
Nifty closed 21 points higher as the benchmark indices exhibited non-directional movement. A small inside bar candle formation was observed on the daily charts, while the intraday charts revealed a double top formation, suggesting potential temporary weakness. The resistance levels are set between 25,000 and 25,500, with support levels ranging from 24,500 to 24,000.
| Highest Call Writing at | 25,000 (75.1 Lakhs) |
| Highest Put Writing at | 24,500 (72.4 Lakhs) |
Nifty Support and Resistance
| Support | 24,500-24,000 |
| Resistance | 25,000- 25,500 |
Bank Nifty Daily Chart Prediction.
Prediction For Wednesday, Bank NIFTY can go up if it goes above 52,000 or down after the level of 51,000 but it all depends upon the Global cues.
Bank Nifty is currently experiencing a negative trend. If you have short positions, it is advisable to maintain them with a daily closing stop loss set at 51,505. The resistance levels on the upside are between 52,000 and 52,800, while on the downside, the support levels are between 51,000 and 50,200.
| Highest Call Writing at | 52,000 (38.3 Lakhs) |
| Highest Put Writing at | 51,000 (27.2 Lakhs) |
Bank Nifty Support and Resistance
| Support | 51,000-50,200 |
| Resistance | 52,000-52,800 |
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