In today’s stock market, Sensex drops 412 points, Nifty slips below 24,300 as tensions with Pakistan intensify.
Stock Market Nifty Chart Prediction
On April 08, Sensex was down 411.97 points at 80,334.81, and the Nifty was down 140.60 points at 24,273.80. About 1256 shares advanced, -2497 shares declined, and 126 shares unchanged.
Top Nifty gainers: HCL Technologies, Kotak Mahindra Bank, Titan Company, Axis Bank, Coal India
Top Nifty Losers: Shriram Finance, Eternal, M&M, Tata Consumer, Adani Enterprises.
Barring IT and Media, all major sectoral indices closed lower, with notable losses of 1–2% seen in metal, oil & gas, pharma, PSU banks, auto, consumer durables, and realty stocks.
BSE Midcap index shed 1.9% and smallcap index fell 1%
Stock Prediction for 9th May 2025
| STOCK | Good Above | Weak Below |
| BSE | 6684 | 6620 |
| HAL | 4422 | 4375 |
| ICICIBANK | 1440 | 1425 |
| TECHM | 1505 | 1485 |
Prediction for Friday NIFTY can go up if it goes above 24,400 or down after the level of 24,300, but it all depends upon the Global cues.
Markets witnessed a choppy trading session that began on a dull note and stayed largely range-bound throughout the day. However, a sudden sharp drop occurred after news of rising India-Pakistan tensions surfaced, sparking broad-based panic selling. This unexpected development dragged the index down, ending the day in negative territory at 24,273.80, losing 140.60 points. Looking ahead, resistance is expected in the 24,400–25,000 zone, while support lies between 24,300 and 23,800.
| Highest Call Writing at | 24,400 (1.4 Cr) |
| Highest Put Writing at | 24,300 (1.9 Cr) |
Nifty Support and Resistance
| Support | 24,300-23,800 |
| Resistance | 24,400-25,000 |
Bank Nifty Daily Chart Prediction
Prediction For Friday, BANKNIFTY can go up if it goes above 55,000 or down after the level of 54,000, but it all depends upon the Global cues.
Bank Nifty remains in a downward trend. Traders with existing short positions can consider holding them, using a daily closing stop-loss at 55,130. On the higher side, resistance is seen around the 55,000–55,700 range, while support on the lower end is placed between 54,000 and 53,000.
| Highest Call Writing at | 55,000 (12.2 Lk) |
| Highest Put Writing at | 54,000 (18.4 Lk) |
Bank Nifty Support and Resistance
| Support | 54,000 and 53,000 |
| Resistance | 55,000 and 55,700 |
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