In today’s stock market, Sensex drops 300 points, Nifty slips below 23,700; major pressure from FMCG, consumer durables, and realty sectors.
Stock Market Nifty Chart Prediction
On February 5, Sensex was down 312.53 points at 78,271.28, and the Nifty was down 42.95 points at 23,696.30. About 2470 shares advanced, -1345 shares declined, and 130 shares unchanged.
Top Nifty gainers: Hindalco Industries, ONGC, Apollo Hospitals, BPCL, Adani Ports
Top Nifty Losers: Asian Paints, Titan Company, Nestle India, HUL, Britannia Industries.
Excluding FMCG, consumer durables, realty, and auto sectors, all other indices closed in positive territory. Notably, oil & gas, metal, media, energy, and PSU banks gained between 1% and 1.8%.
Nifty midcap index rose 0.7% & Nifty smallcap index added nearly 2%
Stock Prediction for 6th Feb 2025
| STOCK | Good Above | Weak Below |
| HAL | 3844 | 3800 |
| IGL | 207 | 203 |
| IPCALAB | 1501 | 1482 |
| OIL | 435 | 430 |
Prediction for Thursday NIFTY can go up if it goes above 23,700 or down after the level of 23,500, but it all depends upon the Global cues.
Nifty closed with a decline of 43 points, while the Sensex dropped by 313 points. Despite a strong start, the market faced intraday selling pressure at higher levels. Key resistance is seen in the 23,700–24,000 range, with support positioned between 23,500 and 23,000 on the downside.
| Highest Call Writing at | 23,700 (1.3 Cr) |
| Highest Put Writing at | 23,500 (1.5 Cr) |
Nifty Support and Resistance
| Support | 23,500-23,000 |
| Resistance | 23,700-24,000 |
Bank Nifty Daily Chart Prediction
Prediction For Thursday, Bank NIFTY can go up if it goes above 50,500 or down after the level of 49,000, but it all depends upon the Global cues.
Bank Nifty is showing a positive trend. If you have long positions, it’s advisable to hold them with a daily closing stop-loss at 49,657. On the higher side, resistance is expected around 50,500–51,000, while support levels are placed between 49,000 and 48,500.
| Highest Call Writing at | 50,500 (16.7 Lakh) |
| Highest Put Writing at | 49,000 (13.5 Lakh) |
Bank Nifty Support and Resistance
| Support | 49,000 and 48,500 |
| Resistance | 50,500 to 51,000 |
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