In today’s stock market, market surges ahead of RBI policy, with Nifty at 24,700 and Sensex rising by 800 points.
Stock Market Nifty Chart Prediction
On December 5, Sensex rose by 809.53 points to reach 81,765.86, while the Nifty gained 240.95 points, settling at 24,708.40. Of the total shares, 2,050 advanced, 1,758 declined, and 113 remained unchanged.
Top Nifty gainers: TCS, Infosys, Titan Company, Trent and Dr Reddy’s Labs
Top Nifty Losers: SBI Life Insurance, Bajaj Auto, HDFC Life, NTPC and Grasim Industries.
All sectoral indices ended in the green except for Realty and PSU Bank, with the Information Technology index gaining 2%.
The BSE midcap and smallcap indices ended with marginal gains.
Stock Prediction for 6th Dec 2024
| STOCK | Good Above | Weak Below |
| JSWENERGY | 670 | 663 |
| KOTAKBANK | 1785 | 1764 |
| NATIONALUM | 252 | 248 |
| TRENT | 7100 | 7000 |
Prediction for Friday NIFTY can go up if it goes above 24,900 or down after the level of 24,200, but it all depends upon the Global cues.
Indian benchmark indices extended gains for the fifth consecutive session on December 5, with the Nifty closing at 24,708.40, up by 240.95 points. The trade saw exceptional volatility, with a 1000-point swing on either side. Resistance is expected between 24,900 and 25,100, while support is seen in the range of 24,200 to 24,000.
| Highest Call Writing at | 24,900 (1.1 crore) |
| Highest Put Writing at | 24,200 (1.2 crore) |
Nifty Support and Resistance
| Support | 24,200 and 24,000 |
| Resistance | 24,900 to 25,100 |
Bank Nifty Daily Chart Prediction
Prediction For Friday, Bank NIFTY can go up if it goes above 54,000 or down after the level of 52,500, but it all depends upon the Global cues.
Indian benchmark indices extended gains for the fifth consecutive session on December 5, with the Nifty at 24,700. The market surged ahead of the RBI policy, with resistance expected between 54,000 and 54,500, and support seen between 52,500 and 52,000.
| Highest Call Writing at | 54,000 (17.6 Lakh) |
| Highest Put Writing at | 52500 (15.1 Lakh) |
Bank Nifty Support and Resistance
| Support | 52,500 and 52,000 |
| Resistance | 54,000 and 54,500 |
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