In today’s stock market, Nifty surpasses 24,450, Sensex rises by 101 points; realty and banking stocks lead gains.
Stock Market Nifty Chart Prediction
On December 4, Sensex gained 110.58 points, reaching 80,956.33, while the Nifty rose by 10.30 points to 24,467.45. A total of 2,307 shares advanced, 1,507 shares declined, and 95 shares remained unchanged.
Top Nifty gainers: HDFC Life, HDFC Bank, Apollo Hospitals, NTPC, Bajaj Finserv
Top Nifty Losers: Bharti Airtel, Cipla, Bajaj Auto, Tata Motors, Adani Ports.
On the sectoral front, auto and FMCG sectors declined by 0.7% each, while IT and Media sectors rose by 0.5% each. Realty and PSU Banks saw gains of over 2% each.
The BSE midcap index gained nearly 1 percent and smallcap index rose 0.6 percent.
Stock Prediction for 5th Dec 2024
| STOCK | Good Above | Weak Below |
| APOLLOHOSP | 7264 | 7160 |
| M&M | 3045 | 3015 |
| PFC | 512 | 506 |
| TITAN | 3385 | 3350 |
Prediction for Thursday NIFTY can go up if it goes above 24,600 or down after the level of 24,300, but it all depends upon the Global cues.
The Nifty fluctuated throughout the day as investors remained cautious ahead of the RBI’s monetary policy announcement. The Spinning Top candlestick pattern reflects heightened volatility and uncertainty between bulls and bears. Resistance is anticipated in the range of 24,600 to 24,800, while support is expected between 24,300 and 24,000.
| Highest Call Writing at | 24,600 (1.2 crore) |
| Highest Put Writing at | 24,300 (1.3 crore) |
Nifty Support and Resistance
| Support | 24,300 and 24,000 |
| Resistance | 24,600 to 24,800 |
Bank Nifty Daily Chart Prediction
Prediction For Thursday, Bank NIFTY can go up if it goes above 53,500 or down after the level of 52,500, but it all depends upon the Global cues.
The upcoming speech by the FED Chair could influence market sentiment, especially after the recent FED minutes indicated confidence in easing inflation. Resistance is expected between 53,500 and 54,000, while support is seen between 52,500 and 52,000.
| Highest Call Writing at | 53,500 (16.5 Lakh) |
| Highest Put Writing at | 52,500 (16.3 Lakh) |
Bank Nifty Support and Resistance
| Support | 52,500 and 52,000 |
| Resistance | 53,500 and 54,000 |
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