In the Stock Market Today, Nifty dropped below 22,500 & Sensex declined by 617 points, while the banking sector performed well.
Stock Market Nifty Chart Prediction.
On May 30 Sensex dropped by 617.30 points, to 73,885.60, while the Nifty fell by 216.00 points, or to 22,488.70. In the market, approximately 993 shares gained, 2,395 shares declined, and 461 shares remained unchanged.
Top Nifty gainers: ICICI Bank, Axis Bank, HDFC Bank, SBI and Kotak Mahindra Bank.
Top Nifty Losers: Tata Steel, Tech Mahindra, Power Grid Corporation, Wipro and Titan Company.
Among sectors, the Bank index gained 0.5 percent, while Auto, FMCG, Metal, IT, Healthcare shed 1-2 percent.
BSE midcap and smallcap indices shed 1.3%
Stock Prediction for 31st May 2024.
| STOCK | Good Above | Weak Below |
| AMBUJACEM | 625 | 618 |
| BRITANNIA | 5220 | 5184 |
| COALINDIA | 486 | 480 |
| SBIN | 834 | 825 |
Prediction For Thursday, NIFTY can go up if it goes above 22,500 or down after the level of 22,450 but all depends upon the Global cues.
The Nifty index at 22,705, currently in negative trend. If you are holding short positions then continue to hold with daily closing stoploss of 22,780. Fresh long positions can be initiated if Nifty closes above 22,780 levels.
| Highest Call Writing at | 22,500 (2.4 Crore) |
| Highest Put Writing at | 22,450 (1.1 Crore) |
Nifty Support and Resistance
| Support | 22,369 – 22,248 – 22,080 |
| Resistance | 22,657 – 22,826 – 22,946 |
Bank Nifty Daily Chart Prediction.
Prediction For Thursday, Bank NIFTY can go up if it goes above 49,500 or down after the level of 48,300 but it all depends upon the Global cues.
The Banknifty index at 48,682, currently in negative trend. If you are holding short positions then continue to hold with daily closing stoploss of 49,290. Fresh long positions can be initiated if Banknifty closes above 49,290 levels.
| Highest Call Writing at | 49,500 (10.0 Lakhs) |
| Highest Put Writing at | 48,300 (9.9 Lakhs) |
Bank Nifty Support and Resistance
| Support | 48,316 – 47,949 – 47,585 |
| Resistance | 49,047 – 49,411 – 49,778 |
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