In today’s stock market, Nifty stands at 24,350, with the Sensex dropping by 400 points; FMCG and media sectors perform well.
Stock Market Nifty Chart Prediction.
On October 30, the Sensex dropped by 426.85 points to reach 79,942.18, while the Nifty fell by 126 points to settle at 24,340.80. There were 2,787 shares that advanced, 978 that declined, and 79 that remained unchanged.
Top Nifty gainers: Cipla, Shriram Finance, HDFC Life, Trent, SBI Life Insurance
Top Nifty Losers: Adani Enterprises, Tata Consumer, Hero MotoCorp, Britannia Industries and Maruti Suzuki.
In terms of sectors, FMCG, capital goods, and media saw increases of 0.5 to 2 points, while banking, pharma, and IT sectors each dropped by 1 point.
The BSE Midcap index ended flat and the smallcap index rose 1.5 percent.
Stock Prediction for 31st Oct 2024.
| STOCK | Good Above | Weak Below |
| CROMPTON | 395 | 390 |
| DIVISLAB | 5900 | 5840 |
| TATACHEM | 1138 | 1120 |
| TATACONSUM | 1030 | 1016 |
Prediction for Thursday NIFTY can go up if it goes above 24,800 or down after the level of 24,000, but it all depends upon the Global cues.
Indian stocks opened weak at 24,370, but the broader market helped the Index recover briefly. However, gains didn’t last, and it closed lower at 24,340.85, down 126 points. If it breaks above 24,480, it could reach around 24,880. Resistance levels on the upside are between 24,800 and 25,000, while support levels on the downside are at 24,000 to 23,750.
| Highest Call Writing at | 24,800 (1.2 Crore) |
| Highest Put Writing at | 24,000 (69.8 Lakh) |
Nifty Support and Resistance
| Support | 24,000 to 23,750 |
| Resistance | 24,800 and 25,000 |
Bank Nifty Daily Chart Prediction.
Prediction For Thursday, Bank NIFTY can go up if it goes above 52,400 or down after the level of 51,500, but it all depends upon the Global cues.
Bank Nifty opened significantly higher and experienced positive price movements throughout the day, ending with an increase of 513.20 points. We anticipate that Bank Nifty will maintain this upward momentum, targeting levels between 52,400 and 53,000, while support is found at 51,500 to 51,000.
| Highest Call Writing at | 52,400 (75.4 Lakh) |
| Highest Put Writing at | 51,500 (44.1 Lakh) |
Bank Nifty Support and Resistance
| Support | 51,500 to 51,000 |
| Resistance | 52,400 and 53,000 |
Power of Algorithms in Options Trading, Try Spider Now: Register Now
If you’d like to know how we analyze the market and provide accurate levels every day. then click on the Free Demo button below and change your trading life for good. 5X returns are possible in options trading If you have Spider Software in your trading system.
Disclaimer: The information provided in this Blog is for educational purposes only and should not be construed as financial advice. Trading in the stock market involves a significant level of risk and can result in both profits and losses. Spider Software & Team does not guarantee any specific outcome or profit from the use of the information provided in this Blog. It is the sole responsibility of the viewer to evaluate their own financial situation and to make their own decisions regarding any investments or trading strategies based on their individual financial goals, risk tolerance, and investment objectives. Spider Software & Team shall not be liable for any loss or damage, including without limitation any indirect, special, incidental or consequential loss or damage, arising from or in connection with the use of this blog or any information contained herein. 
