In today’s stock market, Nifty hits a two-week high above 22,500, while Sensex reclaims 74,000 on tariff relief and lower oil prices.
Stock Market Nifty Chart Prediction
On March 06, Sensex was up 609.86 points at 74,340.09, and the Nifty was up 207.40 points at 22,544.70. About 2857 shares advanced, -979 shares declined, and 104 shares unchanged.
Top Nifty gainers: Asian Paints, Coal India, Hindalco Industries, BPCL, NTPC
Top Nifty Losers: Tech Mahindra, Trent, Bharat Electronics, HDFC Life, Kotak Mahindra Bank.
FMCG, metal, oil & gas, and pharma sectors gained 1-2 percent as all sectoral indices closed in positive territory.
BSE Midcap index rose 0.6% and smallcap index added 1.6%
Stock Prediction for 7th March 2025
| STOCK | Good Above | Weak Below |
| DMART | 3565 | 3530 |
| BERGEPAINT | 501 | 495 |
| RELIANCE | 1218 | 1206 |
| SUNPHARMA | 1620 | 1600 |
Prediction for Thursday NIFTY can go up if it goes above 22,500 or down after the level of 22,200, but it all depends upon the Global cues.
Nifty extended its upward momentum, closing the recent gap on the daily chart and reflecting a bullish sentiment. Opening with a gap-up, it sustained buying interest throughout the day and ended on a strong note at 22,545. From a technical perspective, Nifty has moved above the initial bearish gap, forming a green candle that signals strength. Resistance is seen in the 22,500-23,000 range, while support lies between 22,200 and 21,800.
| Highest Call Writing at | 22,500 (2.6 Cr) |
| Highest Put Writing at | 22,200 (1.2 Cr) |
Nifty Support and Resistance
| Support | 22,200 – 21,800 |
| Resistance | 22,500 and 23,000 |
Bank Nifty Daily Chart Prediction
Prediction For Thursday, Bank NIFTY can go up if it goes above 48,900 or down after the level of 48,300, but it all depends upon the Global cues.
Bank Nifty opened with a gap-up, saw profit booking in the first half, but rebounded in the second half to close positively at 48,628. On the daily chart, it formed a red candle, suggesting strong resistance around the 48,660 mark. Key resistance levels are at 48,900 – 50,000, while support is seen between 48,300 and 47,800.
| Highest Call Writing at | 48,900 (14.0 Lakh) |
| Highest Put Writing at | 48,300 (12.3 Lakh) |
Bank Nifty Support and Resistance
| Support | 48,300 and 47,800 |
| Resistance | 48,900 – 50,000 |
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