In today’s stock market, Nifty stands at 24,450, Sensex gained 580 points, driven by strong rallies in media stocks and PSU banks.
Stock Market Nifty Chart Prediction
On December 3, Sensex rose by 597.67 points to 80,845.75, while the Nifty gained 181.10 points to 24,457.15. A total of 2,647 stocks advanced, 1,190 declined, and 99 remained unchanged.
Top Nifty gainers: Adani Ports, NTPC, Adani Enterprises, Axis Bank and SBI
Top Nifty Losers: Bharti Airtel, ITC, Hero MotoCorp, HDFC Life, Tata Consumer.
All sectors ended in the green, except FMCG and realty, with Media and PSU Bank indices rising over 2%.
The BSE midcap and smallcap indices rose nearly a percent each.
Stock Prediction for 4th Dec 2024
| STOCK | Good Above | Weak Below |
| KALYANKJIL | 730 | 722 |
| NMDC | 236 | 232 |
| SBIN | 856 | 848 |
| TCS | 4325 | 4275 |
Prediction for Wednesday NIFTY can go up if it goes above 24,650 or down after the level of 24,000, but it all depends upon the Global cues.
The December series started on a positive note. As we have consistently highlighted, the Index has broken out from an Inverted Head and Shoulders formation, signaling a trend reversal from negative to positive. Resistance is expected between 24,650 and 24,800, while support is seen between 24,250 and 24,000.
| Highest Call Writing at | 24,650 (1.1 crore) |
| Highest Put Writing at | 24,250 (1.3 crore) |
Nifty Support and Resistance
| Support | 24,650 and 24,800 |
| Resistance | 24,250 and 24,000 |
Bank Nifty Daily Chart Prediction
Prediction For Wednesday, Bank NIFTY can go up if it goes above 52,800 or down after the level of 52,300, but it all depends upon the Global cues.
The immediate focus is expected to be on the RBI’s interest rate guidance and liquidity management. Banking stocks saw the highest gains due to their sensitivity to interest rates, while metal stocks benefited from higher import duties and positive manufacturing data from China. Resistance is anticipated between 52,800 and 53,000, while support is seen between 52,300 and 51,700.
| Highest Call Writing at | 52,800 (14.9 Lakh) |
| Highest Put Writing at | 52,300 (15.7 Lakh) |
Bank Nifty Support and Resistance
| Support | 52,300 and 51,700 |
| Resistance | 52,800 and 53,000 |
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