In today’s stock market, Nifty & Sensex declined for the second consecutive session as investors remained cautious ahead of the RBI policy.
Stock Market Nifty Chart Prediction
On February 06, The Sensex was down 213.12 points at 78,058.16, and the Nifty was down 92.95 points at 23,603.35. About 1871 shares advanced, 1907 shares declined, and 124 shares remained unchanged.
Top Nifty gainers: Cipla, Adani Ports, Infosys, Dr Reddy’s Labs, Tata Consumer,
Top Nifty Losers: Trent, Bharat Electronics, Bharti Airtel, Titan Company, NTPC.
Apart from Pharma, IT, and Private Banks, all other sectoral indices closed in the red. Auto, FMCG, Realty, and Consumer Durables saw a decline of 1-2%, while Metal, PSU Banks, Energy, Media, and Oil & Gas dropped between 0.4-0.8%.
Nifty Midcap index fell 1.2% and smallcap index was down 0.3%
Stock Prediction for 7th Feb 2025
| STOCK | Good Above | Weak Below |
| DEEPAKNTR | 2390 | 2366 |
| GRASIM | 2515 | 2490 |
| HDFCBANK | 1755 | 1735 |
| LUPIN | 2200 | 2175 |
Prediction for Friday NIFTY can go up if it goes above 23,800 or down after the level of 23,600, but it all depends upon the Global cues.
Despite a strong start, the index couldn’t sustain higher levels and gradually declined throughout the session, ending at 23,603.35, down 92.95 points. On the daily chart, Nifty50 formed a bearish candlestick pattern. Key resistance levels are at 23,800-24,000, while support levels lie between 23,600-23,200.
| Highest Call Writing at | 23,800 (3.2 Cr) |
| Highest Put Writing at | 23,600 (1.7 Cr) |
Nifty Support and Resistance
| Support | 23,600-23,200 |
| Resistance | 23,800-24,000 |
Bank Nifty Daily Chart Prediction
Prediction For Friday, 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 remains in a positive trend. Traders with long positions should continue holding with a daily closing stop-loss at 49,674. The resistance zone is around 50,500-51,000, while support levels are positioned between 50,100-49,500.
| Highest Call Writing at | 50,500 (17.8 Lakh) |
| Highest Put Writing at | 50,100 (14.0 Lakh) |
Bank Nifty Support and Resistance
| Support | 50,100 and 48,500 |
| Resistance | 50,500 to 51,000 |
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