In today’s stock market,Nifty closes at 24,669 and Sensex at 81,709, ending flat on policy day; PSU banks rally on CRR cut.
Stock Market Nifty Chart Prediction
On December 6, the Sensex was down 56.74 points at 81,709.12, and the Nifty was down 30.60 points at 24,677.80. Of the total shares, 2,050 advanced, 1,758 declined, and 113 remained unchanged.
Top Nifty gainers: TATAMOTORS, BAJAJ-AUTO, AXISBANK, BPCL
Top Nifty Losers: ADANIPORTS, CIPLA, BHARTIARTL
The BSE midcap and smallcap indices ended with marginal gains.
Stock Prediction for 9th Dec 2024
| STOCK | Good Above | Weak Below |
| AXIS BANK | 1190 | 1180 |
| HINDPETRO | 400 | 395 |
| UPL | 564 | 558 |
| TATAPOWER | 441 | 435 |
Prediction for Monday NIFTY can go up if it goes above 25,000 or down after the level of 24,000, but it all depends upon the Global cues.
The Nifty maintains its position above the breakout from an inverse head-and-shoulders pattern, reflecting strong market momentum. Resistance is anticipated between 25,000 and 25,200, with support identified in the 24,000 to 24,500 range.
| Highest Call Writing at | 25,000 (1.1 crore) |
| Highest Put Writing at | 24,000 (75.5 lakh) |
Nifty Support and Resistance
| Support | 24,000 to 24,500 |
| Resistance | 25,000 and 25,200 |
Bank Nifty Daily Chart Prediction
Prediction For Monday, Bank NIFTY can go up if it goes above 54,000 or down after the level of 52,500, but it all depends upon the Global cues.
Indian benchmark indices recorded gains for the sixth straight session on December 5, with the Nifty closing at 24,700. While the market remained flat due to the RBI policy, PSU stocks outperformed. Resistance is projected between 54,000 and 54,500, with support in the range of 52,400 to 53,000.
| Highest Call Writing at | 54,000 (17.9 Lakh) |
| Highest Put Writing at | 52,400 (15.5 Lakh) |
Bank Nifty Support and Resistance
| Support | 52,400 to 53,000. |
| Resistance | 54,000 and 54,500 |
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