Today’s stock market, Nifty closed at 24,300, Sensex at 79,986, with strong performances in power, capital goods, banking, and metal sectors.
Stock Market Nifty Chart Prediction.
At close, the Sensex was up 545.35 points or 0.69 percent at 79,986.80, and the Nifty was up 162.70 points or 0.67 percent at 24,286.50. About 2075 shares advanced, 1372 shares declined, and 66 shares unchanged.
Top Nifty gainers: Tata Consumer Products, Adani Ports, Kotak Mahindra Bank, Axis Bank & HDFC Bank
Top Nifty Losers: TCS, Titan Company, Reliance Industries, Tata Motors and Hindalco Industries.
Except for the media sector, all other sectoral indices closed higher, with gains seen in power, capital goods, banking, and metal sectors by 1-2 percent on the candlestick charts.
The BSE midcap and smallcap indices rose nearly 1 percent each.
Stock Prediction for 4th July 2024.
| STOCK | Good Above | Weak Below |
| DABUR | 613 | 606 |
| ICICIBANK | 1208 | 1190 |
| M&M | 2890 | 2862 |
| UPL | 576 | 570 |
Prediction For Thursday, NIFTY can go up if it goes above 24,500 or down after the level of 24,230 but it all depends upon the Global cues.
The index performed as we anticipated, but the Dragonfly Doji candlestick pattern at all-time highs suggests a slight pause or consolidation may occur. Resistance is noted between 24,500 to 24,310, while support is seen at levels ranging from 24,000 to 24,230.
| Highest Call Writing at | 24,500 (88.1L) |
| Highest Put Writing at | 24,230 (1.1 Cr) |
Nifty Support and Resistance
| Support | 24,000 to 24,230 |
| Resistance | 24,500 to 24,310 |
Bank Nifty Daily Chart Prediction.
Prediction For Thursday, Bank NIFTY can go up if it goes above 53,000 or down after the level of 52500 but it all depends upon the Global cues.
The Bank Nifty index showed strong momentum and closed above the 53000 mark. The next support level is around 52,500 to 52,200 and the resistance level is around 53,200 to 53,000.
| Highest Call Writing at | 53,200 |
| Highest Put Writing at | 52,500 |
Bank Nifty Support and Resistance
| Support | 52,500 to 52,200 |
| Resistance | 53,200 to 53,000 |
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