In today’s stock market, Nifty breaks its 10-day losing streak, closing above 22,300, while the Sensex jumps 740 points.
Stock Market Nifty Chart Prediction
On March 05, Sensex was up 740.30 points at 73,730.23, and the Nifty was up 254.65 points at 22,337.30. About 3116 shares advanced, -734 shares declined, and 85 shares unchanged.
Top Nifty gainers: Bharat Electronics, Eicher Motors, Grasim Industries, BPCL and JSW Steel
Top Nifty Losers: Bajaj Finance, HDFC Bank, Grasim Industries, IndusInd Bank and Shriram Finance.
All sectoral indices closed on a positive note, with PSU Bank, Media, Telecom, Metal, and Power indices each gaining 3%.
BSE Midcap and Smallcap indices added 2.5% each
Stock Prediction for 6th March 2025
| STOCK | Good Above | Weak Below |
| ACC | 1870 | 1850 |
| KPITTECH | 1285 | 1270 |
| M&M | 2730 | 2700 |
| MAXHEALTH | 1025 | 1015 |
Prediction for Wednesday NIFTY can go up if it goes above 22,500 or down after the level of 22,000, but it all depends upon the Global cues.
On March 5, Indian equity indices closed on a strong note, with Nifty surpassing 22,300, putting an end to its 10-session losing streak. After two days of sideways movement, the index gained momentum. Resistance is expected in the 22,500-23,000 range, while support lies between 22,000 and 21,500.
| Highest Call Writing at | 22,500 (1.2 Cr) |
| Highest Put Writing at | 22,000 (1.3 Cr) |
Nifty Support and Resistance
| Support | 22,000 – 21,500 |
| Resistance | 22,500 and 23,000 |
Bank Nifty Daily Chart Prediction
Prediction For Wednesday, Bank NIFTY can go up if it goes above 49,000 or down after the level of 48,200, but it all depends upon the Global cues.
Bank Nifty is currently trending downward. If you have short positions, it is advisable to hold them with a daily closing stop-loss at 48,755. The resistance zone is between 49,000 and 49,500, while support is positioned in the 48,200-47,500 range.
| Highest Call Writing at | 49,000 (12.8 Lakh) |
| Highest Put Writing at | 48,200 (11.5 Lakh) |
Bank Nifty Support and Resistance
| Support | 48,800 and 47,500 |
| Resistance | 49,000 – 49,500 |
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