Home ยป Stock Market Prediction for Nifty & Bank Nifty 8th July 2024.

Stock Market Prediction for Nifty & Bank Nifty 8th July 2024.

Stock Market Prediction for Nifty & Bank Nifty 8th July 2024.

Today’s stock market, the Nifty closed at 24,389 and the Sensex at 79,996, with strong performances in FMCG & Pharma sectors.

Stock Market Nifty Chart Prediction.

The picture is of the Nifty Stock Market chart in the daily time frame, through which it will be used to predict the market on July 8, 2024.

The image displays Intraday version of the Nifty Stock Market chart, used for predicting on July 8, 2024

At the close of trading, the Sensex dropped 53.07 points to 79,996.60, while the Nifty increased by 21.60 points to 24,323.80. Among the stocks traded, 1845 advanced, 1562 declined, and 76 remained unchanged.

Top Nifty gainers: ONGC, Reliance Industries, State Bank of India, HUL, Britannia Industries
Top Nifty Losers: HDFC Bank, Titan Company, Tata Steel, M&M and LTIMindtree.

In sectors, capital goods, FMCG, healthcare, oil & gas, and power each rose by 1%. However, the Nifty Bank index dropped nearly 1%.

The BSE midcap and smallcap indices added 0.7 percent each.

Stock Prediction for 8th July 2024
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Prediction For Monday, NIFTY can go up if it goes above 24,400 or down after the level of 24,210 but it all depends upon the Global cues.

The index opened lower but recovered as investors heavily sold put options, especially at the 24,200 level, suggesting it was a short-term support for the Nifty. Resistance is noted between 24,400 to 24,360, while support is seen at levels ranging from 24,210 to 24,170.

Highest Call Writing at
24,400
Highest Put Writing at
24,210

Nifty Support and Resistance

Support 24,210 to 24,170
Resistance
24,400 to 24,360

Bank Nifty Daily Chart Prediction.

The picture is of the Bank Nifty  chart in the daily time frame, through which it will be used to predict the market on July 8, 2024.

The image displays Intraday version of the Nifty Bank chart, used for predicting on July 8, 2024

Prediction For Monday, Bank Nifty can go up if it goes above 53,120 or down after the level of 52,330 but it all depends upon the Global cues.

The Bank Nifty index was volatile, mostly dropping because HDFC Bank’s stock fell. The next support level is around 52,330 to 52,000 and the resistance level is around 53,120 to 52,880.

Highest Call Writing at53,120
Highest Put Writing at 52,330

Bank Nifty Support and Resistance

Support52,330 to 52,000
Resistance
53,120 to 52,880

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