In today’s stock market, Sensex slips by 156 points as Nifty falls below 24,400; Realty and PSU Bank sectors lead the decline.
Stock Market Nifty Chart Prediction
On April 06, Sensex was down 155.77 points at 80,641.07, and the Nifty was down 81.55 points at 24,379.60. About 787 shares advanced, -3011 shares declined, and 121 shares unchanged.
Top Nifty gainers: Hero MotoCorp, Tata Steel, Bharti Airtel, M&M, HUL,
Top Nifty Losers: Adani Enterprises, Eternal, Jio Financial, Trent, SBI Life.
Except auto, all other sectoral indices ended in the red with PSU Bank index shed nearly 5 percent, Realty index fell 3.5%, while pharma, consumer durables, media, oil & gas, power down 1-2.6%
BSE Midcap and Smallcap indices shed 2% each.
Stock Prediction for 7th May 2025
| STOCK | Good Above | Weak Below |
| BHARTIARTL | 1901 | 1880 |
| BIOCON | 342 | 338 |
| EXIDEIND | 371 | 366 |
| HINDUNILVR | 2390 | 2365 |
Prediction for Wednesday NIFTY can go up if it goes above 24,500 or down after the level of 24,500, but it all depends upon the Global cues.
Nifty experienced a choppy trading session, starting off on a flat note before dropping sharply and then moving within a narrow range. It eventually settled at 24,379.60, down by 81.55 points. Key resistance is expected in the 24,500–25,000 range, while strong support lies between 24,400 and 24,000.
| Highest Call Writing at | 24,500 (1.2 Cr) |
| Highest Put Writing at | 24,400 (99.2 Lk) |
Nifty Support and Resistance
| Support | 24,400-24,000 |
| Resistance | 24,500-25,000 |
Bank Nifty Daily Chart Prediction
Prediction For Wednesday, BANKNIFTY can go up if it goes above 55,500 or down after the level of 54,900, but it all depends upon the Global cues.
Bank Nifty continues to trade in a downward trend. Traders with short positions may consider holding them, but with a daily closing stop-loss at 55,441. On the higher side, resistance is seen around 55,000–55,600, while support levels are placed between 54,000 and 53,500.
| Highest Call Writing at | 55,500 (12.2 Lk) |
| Highest Put Writing at | 54,900 (14.0 Lk) |
Bank Nifty Support and Resistance
| Support | 54,000 and 53,500 |
| Resistance | 55,500 and 56,000 |
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