{"id":5320,"date":"2024-07-06T11:05:31","date_gmt":"2024-07-06T05:35:31","guid":{"rendered":"https:\/\/www.spidersoftwareindia.com\/blog\/?p=5320"},"modified":"2024-07-22T15:49:59","modified_gmt":"2024-07-22T10:19:59","slug":"stock-market-prediction-for-nifty-bank-nifty-8th-july-2024","status":"publish","type":"post","link":"https:\/\/www.spidersoftwareindia.com\/blog\/stock-market-prediction-for-nifty-bank-nifty-8th-july-2024\/","title":{"rendered":"Stock Market Prediction for Nifty &amp; Bank Nifty 8th July 2024."},"content":{"rendered":"\n<p>Today&#8217;s stock market, the Nifty closed at 24,389 and the Sensex at 79,996, with strong performances in FMCG &amp; Pharma sectors.<\/p>\n\n\n\n<!--more-->\n\n\n\n<h2 class=\"wp-block-heading has-text-align-center\">Stock Market Nifty Chart Prediction.<\/h2>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"347\" src=\"https:\/\/www.spidersoftwareindia.com\/blog\/wp-content\/uploads\/2024\/07\/Screenshot-2024-07-05-154852-1024x347.png\" alt=\"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.\" class=\"wp-image-5327\" style=\"width:830px;height:auto\" srcset=\"https:\/\/www.spidersoftwareindia.com\/blog\/wp-content\/uploads\/2024\/07\/Screenshot-2024-07-05-154852-1024x347.png 1024w, https:\/\/www.spidersoftwareindia.com\/blog\/wp-content\/uploads\/2024\/07\/Screenshot-2024-07-05-154852-300x102.png 300w, https:\/\/www.spidersoftwareindia.com\/blog\/wp-content\/uploads\/2024\/07\/Screenshot-2024-07-05-154852-768x260.png 768w, https:\/\/www.spidersoftwareindia.com\/blog\/wp-content\/uploads\/2024\/07\/Screenshot-2024-07-05-154852.png 1332w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure><\/div>\n\n\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"417\" src=\"https:\/\/www.spidersoftwareindia.com\/blog\/wp-content\/uploads\/2024\/07\/Screenshot-2024-07-05-153554-1024x417.png\" alt=\"The image displays Intraday version of the Nifty Stock Market chart, used for predicting on July 8, 2024\" class=\"wp-image-5324\" style=\"width:840px;height:auto\" srcset=\"https:\/\/www.spidersoftwareindia.com\/blog\/wp-content\/uploads\/2024\/07\/Screenshot-2024-07-05-153554-1024x417.png 1024w, https:\/\/www.spidersoftwareindia.com\/blog\/wp-content\/uploads\/2024\/07\/Screenshot-2024-07-05-153554-300x122.png 300w, https:\/\/www.spidersoftwareindia.com\/blog\/wp-content\/uploads\/2024\/07\/Screenshot-2024-07-05-153554-768x313.png 768w, https:\/\/www.spidersoftwareindia.com\/blog\/wp-content\/uploads\/2024\/07\/Screenshot-2024-07-05-153554.png 1209w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure><\/div>\n\n\n<p>At the close of trading, the<strong> Sensex <\/strong>dropped <strong>53.07 points<\/strong> to <strong>79,996.60,<\/strong> while the <strong>Nifty <\/strong>increased by<strong> 21.60 points<\/strong> to <strong>24,323.80<\/strong>. Among the stocks traded, <strong>1845 advanced<\/strong>, <strong>1562 declined<\/strong>, and <strong>76 <\/strong>remained unchanged.<\/p>\n\n\n\n<p>Top Nifty gainers: <strong>ONGC, Reliance Industries, State Bank of India, HUL, Britannia Industries<\/strong><br>Top Nifty Losers: <strong>HDFC Bank, Titan Company, Tata Steel, M&amp;M and LTIMindtree.<\/strong><\/p>\n\n\n\n<p>In sectors, <strong>capital goods, FMCG, healthcare, oil &amp; gas, and power<\/strong> each rose by <strong>1%. <\/strong>However, the<strong> Nifty Bank<\/strong> index dropped nearly <strong>1%<\/strong>.<\/p>\n\n\n\n<p>The <strong>BSE midcap<\/strong> and <strong>smallcap <\/strong>indices added <strong>0.7 <\/strong>percent each.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-text-align-center\">Stock Prediction for <strong>8th July 2024<\/strong><div id=\"input_addon_container\" style=\"position: absolute; top: 0px; left: 0px; pointer-events: none;\"><\/div>.<\/h2>\n\n\n\n<div class=\"wp-block-group\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-black-color has-luminous-vivid-orange-to-vivid-red-gradient-background has-text-color has-background has-link-color\"><tbody><tr><td><span style=\"text-decoration: underline;\">STOCK<\/span><\/td><td class=\"has-text-align-center\" data-align=\"center\"><span style=\"text-decoration: underline;\">Good Above<\/span><\/td><td class=\"has-text-align-center\" data-align=\"center\"><span style=\"text-decoration: underline;\">Weak Below<\/span><\/td><\/tr><tr><td><strong>BATAINDIA<\/strong><div id=\"input_addon_container\" style=\"position: absolute; top: 0px; left: 0px; pointer-events: none;\"><\/div><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>1520<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>1500<\/strong><\/td><\/tr><tr><td><strong>SBICARD<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><b>702<\/b><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>695<\/strong><\/td><\/tr><tr><td><strong>SRF <\/strong><div id=\"input_addon_container\" style=\"position: absolute; top: 0px; left: 0px; pointer-events: none;\"><\/div><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>582<\/strong><div id=\"input_addon_container\" style=\"position: absolute; top: 0px; left: 0px; pointer-events: none;\"><\/div><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>576<\/strong><\/td><\/tr><tr><td><strong>VEDL<\/strong><div id=\"input_addon_container\" style=\"position: absolute; top: 0px; left: 0px; pointer-events: none;\"><\/div><\/td><td class=\"has-text-align-center\" data-align=\"center\"><b>863<\/b><div id=\"input_addon_container\" style=\"position: absolute; top: 0px; left: 0px; pointer-events: none;\"><\/div><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>855<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n<\/div><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Prediction For Monday, <strong>NIFTY<\/strong> can go <strong>up<\/strong> if it goes above <strong>24,400 <\/strong>or <strong>down<\/strong> after the level of <strong>24,210<\/strong> but it all depends upon the <strong>Global cues<\/strong>.<\/h2>\n\n\n\n<p>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.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td class=\"has-text-align-center\" data-align=\"center\">Highest Call Writing at<div id=\"input_addon_container\" style=\"position: absolute; top: 0px; left: 0px; pointer-events: none;\"><\/div><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>24,400 <\/strong><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Highest Put Writing at<div id=\"input_addon_container\" style=\"position: absolute; top: 0px; left: 0px; pointer-events: none;\"><\/div><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>24,210<\/strong> <div id=\"input_addon_container\" style=\"position: absolute; top: 0px; left: 0px; pointer-events: none;\"><\/div><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading has-text-align-center\">Nifty Support and Resistance<\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td class=\"has-text-align-center\" data-align=\"center\">Support <\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong><strong>24,210 to 24,170<\/strong><\/strong><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Resistance<div id=\"input_addon_container\" style=\"position: absolute; top: 0px; left: 0px; pointer-events: none;\"><\/div><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>24,400 to 24,360<\/strong><div id=\"input_addon_container\" style=\"position: absolute; top: 0px; left: 0px; pointer-events: none;\"><\/div><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading has-text-align-center\">Bank Nifty Daily Chart Prediction.<\/h2>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"396\" src=\"https:\/\/www.spidersoftwareindia.com\/blog\/wp-content\/uploads\/2024\/07\/Screenshot-2024-07-05-153639-1024x396.png\" alt=\"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.\" class=\"wp-image-5325\" style=\"width:840px;height:auto\" srcset=\"https:\/\/www.spidersoftwareindia.com\/blog\/wp-content\/uploads\/2024\/07\/Screenshot-2024-07-05-153639-1024x396.png 1024w, https:\/\/www.spidersoftwareindia.com\/blog\/wp-content\/uploads\/2024\/07\/Screenshot-2024-07-05-153639-300x116.png 300w, https:\/\/www.spidersoftwareindia.com\/blog\/wp-content\/uploads\/2024\/07\/Screenshot-2024-07-05-153639-768x297.png 768w, https:\/\/www.spidersoftwareindia.com\/blog\/wp-content\/uploads\/2024\/07\/Screenshot-2024-07-05-153639.png 1209w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure><\/div>\n\n\n<h2 class=\"wp-block-heading\"><\/h2>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"351\" src=\"https:\/\/www.spidersoftwareindia.com\/blog\/wp-content\/uploads\/2024\/07\/Screenshot-2024-07-05-153710-1-1024x351.png\" alt=\"The image displays Intraday version of the Nifty Bank chart, used for predicting on July 8, 2024\" class=\"wp-image-5326\" style=\"width:842px;height:auto\" srcset=\"https:\/\/www.spidersoftwareindia.com\/blog\/wp-content\/uploads\/2024\/07\/Screenshot-2024-07-05-153710-1-1024x351.png 1024w, https:\/\/www.spidersoftwareindia.com\/blog\/wp-content\/uploads\/2024\/07\/Screenshot-2024-07-05-153710-1-300x103.png 300w, https:\/\/www.spidersoftwareindia.com\/blog\/wp-content\/uploads\/2024\/07\/Screenshot-2024-07-05-153710-1-768x263.png 768w, https:\/\/www.spidersoftwareindia.com\/blog\/wp-content\/uploads\/2024\/07\/Screenshot-2024-07-05-153710-1.png 1222w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure><\/div>\n\n\n<h2 class=\"wp-block-heading\">Prediction For Monday, <strong>Bank Nifty<\/strong> can go <strong>up<\/strong> if it goes above <strong>53,120<\/strong> or <strong>down<\/strong> after the level of <strong>52,330<\/strong> but it all depends upon the <strong>Global cues<\/strong>.<\/h2>\n\n\n\n<p>The Bank Nifty index was volatile, mostly dropping because HDFC Bank&#8217;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.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td class=\"has-text-align-center\" data-align=\"center\">Highest Call Writing at<\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>53,120<\/strong> <div id=\"input_addon_container\" style=\"position: absolute; top: 0px; left: 0px; pointer-events: none;\"><\/div><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Highest Put Writing at<\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong> <strong>52,330<\/strong> <\/strong><div id=\"input_addon_container\" style=\"position: absolute; top: 0px; left: 0px; pointer-events: none;\"><\/div><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading has-text-align-center\">Bank Nifty Support and Resistance<\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td class=\"has-text-align-center\" data-align=\"center\">Support<\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>52,330 to 52,000 <\/strong><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Resistance<div id=\"input_addon_container\" style=\"position: absolute; top: 0px; left: 0px; pointer-events: none;\"><\/div><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>53,120 to 52,880<\/strong><div id=\"input_addon_container\" style=\"position: absolute; top: 0px; left: 0px; pointer-events: none;\"><\/div><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>Power of Algorithms in Options Trading, Try Spider Now: <a href=\"https:\/\/bit.ly\/3xWmewB\">Register Now<\/a><\/p>\n\n\n\n<p>If you&#8217;d like to know how we analyze the market and provide accurate levels every day. then click on the Free Demo button below and change your trading life for good. 5X returns are possible in options trading If you have Spider Software in your trading system.<\/p>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-1 wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button is-style-outline\"><a class=\"wp-block-button__link has-white-color has-vivid-cyan-blue-background-color has-text-color has-background wp-element-button\" href=\"https:\/\/spidersoftwareindia.com\/contact-us.php\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Free Demo<\/strong><\/a><\/div>\n\n\n\n<div class=\"wp-block-button is-style-outline\"><a class=\"wp-block-button__link has-vivid-green-cyan-color has-text-color wp-element-button\" href=\"https:\/\/rzp.io\/l\/b8kiANSCW\" target=\"_blank\" rel=\"noreferrer noopener\">Buy Now<\/a><\/div>\n<\/div>\n\n\n\n<pre class=\"wp-block-code has-small-font-size\"><code>Disclaimer: The information provided in this Blog is for educational purposes only and should not be construed as financial advice. Trading in the stock market involves a significant level of risk and can result in both profits and losses. Spider Software &amp; Team does not guarantee any specific outcome or profit from the use of the information provided in this Blog. It is the sole responsibility of the viewer to evaluate their own financial situation and to make their own decisions regarding any investments or trading strategies based on their individual financial goals, risk tolerance, and investment objectives. Spider Software &amp; Team shall not be liable for any loss or damage, including without limitation any indirect, special, incidental or consequential loss or damage, arising from or in connection with the use of this blog or any information contained herein.<\/code><\/pre>\n<div class=\"pvc_clear\"><\/div><p id=\"pvc_stats_5320\" class=\"pvc_stats all  \" data-element-id=\"5320\" style=\"\"><i class=\"pvc-stats-icon large\" aria-hidden=\"true\"><svg aria-hidden=\"true\" focusable=\"false\" data-prefix=\"far\" data-icon=\"chart-bar\" role=\"img\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 512 512\" class=\"svg-inline--fa fa-chart-bar fa-w-16 fa-2x\"><path fill=\"currentColor\" d=\"M396.8 352h22.4c6.4 0 12.8-6.4 12.8-12.8V108.8c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v230.4c0 6.4 6.4 12.8 12.8 12.8zm-192 0h22.4c6.4 0 12.8-6.4 12.8-12.8V140.8c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v198.4c0 6.4 6.4 12.8 12.8 12.8zm96 0h22.4c6.4 0 12.8-6.4 12.8-12.8V204.8c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v134.4c0 6.4 6.4 12.8 12.8 12.8zM496 400H48V80c0-8.84-7.16-16-16-16H16C7.16 64 0 71.16 0 80v336c0 17.67 14.33 32 32 32h464c8.84 0 16-7.16 16-16v-16c0-8.84-7.16-16-16-16zm-387.2-48h22.4c6.4 0 12.8-6.4 12.8-12.8v-70.4c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v70.4c0 6.4 6.4 12.8 12.8 12.8z\" class=\"\"><\/path><\/svg><\/i> <img loading=\"lazy\" decoding=\"async\" width=\"16\" height=\"16\" alt=\"Loading\" src=\"https:\/\/www.spidersoftwareindia.com\/blog\/wp-content\/plugins\/page-views-count\/ajax-loader-2x.gif\" border=0 \/><\/p><div class=\"pvc_clear\"><\/div>","protected":false},"excerpt":{"rendered":"<p>Today&#8217;s stock market, the Nifty closed at 24,389 and the Sensex at 79,996, with strong performances in FMCG &amp; Pharma sectors.<\/p>\n<div class=\"pvc_clear\"><\/div>\n<p id=\"pvc_stats_5320\" class=\"pvc_stats all  \" data-element-id=\"5320\" style=\"\"><i class=\"pvc-stats-icon large\" aria-hidden=\"true\"><svg aria-hidden=\"true\" focusable=\"false\" data-prefix=\"far\" data-icon=\"chart-bar\" role=\"img\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 512 512\" class=\"svg-inline--fa fa-chart-bar fa-w-16 fa-2x\"><path fill=\"currentColor\" d=\"M396.8 352h22.4c6.4 0 12.8-6.4 12.8-12.8V108.8c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v230.4c0 6.4 6.4 12.8 12.8 12.8zm-192 0h22.4c6.4 0 12.8-6.4 12.8-12.8V140.8c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v198.4c0 6.4 6.4 12.8 12.8 12.8zm96 0h22.4c6.4 0 12.8-6.4 12.8-12.8V204.8c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v134.4c0 6.4 6.4 12.8 12.8 12.8zM496 400H48V80c0-8.84-7.16-16-16-16H16C7.16 64 0 71.16 0 80v336c0 17.67 14.33 32 32 32h464c8.84 0 16-7.16 16-16v-16c0-8.84-7.16-16-16-16zm-387.2-48h22.4c6.4 0 12.8-6.4 12.8-12.8v-70.4c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v70.4c0 6.4 6.4 12.8 12.8 12.8z\" class=\"\"><\/path><\/svg><\/i> <img loading=\"lazy\" decoding=\"async\" width=\"16\" height=\"16\" alt=\"Loading\" src=\"https:\/\/www.spidersoftwareindia.com\/blog\/wp-content\/plugins\/page-views-count\/ajax-loader-2x.gif\" border=0 \/><\/p>\n<div class=\"pvc_clear\"><\/div>\n","protected":false},"author":1,"featured_media":5328,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11,1],"tags":[26,22,5,30,21,25,9,10,7,8],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Stock Market Prediction for Nifty &amp; 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