{"id":6244,"date":"2024-10-03T17:32:23","date_gmt":"2024-10-03T12:02:23","guid":{"rendered":"https:\/\/www.spidersoftwareindia.com\/blog\/?p=6244"},"modified":"2024-10-03T17:32:25","modified_gmt":"2024-10-03T12:02:25","slug":"stock-market-prediction-for-nifty-bank-nifty-04th-oct-2024","status":"publish","type":"post","link":"https:\/\/www.spidersoftwareindia.com\/blog\/stock-market-prediction-for-nifty-bank-nifty-04th-oct-2024\/","title":{"rendered":"Stock Market Prediction for Nifty &amp; Bank Nifty 04th Oct 2024."},"content":{"rendered":"\n<p>In the stock market today, Sensex plunges 1,769 points, Nifty drops 2% in the largest market decline in two months.<\/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=\"366\" src=\"https:\/\/www.spidersoftwareindia.com\/blog\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-03-170639-1024x366.png\" alt=\"\" class=\"wp-image-6245\" style=\"width:840px;height:auto\" srcset=\"https:\/\/www.spidersoftwareindia.com\/blog\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-03-170639-1024x366.png 1024w, https:\/\/www.spidersoftwareindia.com\/blog\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-03-170639-300x107.png 300w, https:\/\/www.spidersoftwareindia.com\/blog\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-03-170639-768x275.png 768w, https:\/\/www.spidersoftwareindia.com\/blog\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-03-170639-1536x549.png 1536w, https:\/\/www.spidersoftwareindia.com\/blog\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-03-170639.png 1898w\" 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\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"371\" src=\"https:\/\/www.spidersoftwareindia.com\/blog\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-03-170715-1024x371.png\" alt=\"The image displays Intraday version of the Nifty Stock Market chart, used for predicting on Oct 04, 2024\" class=\"wp-image-6246\" srcset=\"https:\/\/www.spidersoftwareindia.com\/blog\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-03-170715-1024x371.png 1024w, https:\/\/www.spidersoftwareindia.com\/blog\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-03-170715-300x109.png 300w, https:\/\/www.spidersoftwareindia.com\/blog\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-03-170715-768x278.png 768w, https:\/\/www.spidersoftwareindia.com\/blog\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-03-170715-1536x556.png 1536w, https:\/\/www.spidersoftwareindia.com\/blog\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-03-170715.png 1902w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\"><em>Zoomed Nifty Chart in Intraday Time Frame.<\/em><\/figcaption><\/figure><\/div>\n\n\n<p><strong>On October 03, <\/strong>The Sensex dropped by <strong>1,769.19 <\/strong>points, closing at <strong>82,497.10<\/strong>, while the Nifty fell 546.80 points, to settle at <strong>25,250.10<\/strong>. Around <strong>1,077 <\/strong>shares saw gains, <strong>-2,740<\/strong> shares fell, and <strong>86 <\/strong>remained unchanged.<\/p>\n\n\n\n<p>Top Nifty gainers:<strong> JSW Steel, ONGC<\/strong>,<br>Top Nifty Losers: <strong>\u00a0BPCL, L&amp;T, Tata Motors, Shriram Finance, Axis Bank<\/strong><\/p>\n\n\n\n<p>In the sector performance, there was buying in media, auto, and IT, while selling occurred in telecom, power, FMCG, oil and gas, and real es<\/p>\n\n\n\n<p><strong>BSE Midcap<\/strong> and <strong>smallcap <\/strong>indices down <strong>2%<\/strong> each.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-text-align-center\">Stock Prediction for 04th Oct 2024<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>BHARTIARTL<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>1700<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>1670<\/strong><\/td><\/tr><tr><td><strong><strong>HDFCLIFE<\/strong><\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>709<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>702<\/strong><\/td><\/tr><tr><td><strong>M&amp;M<\/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>3162<\/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>3112<\/strong><\/td><\/tr><tr><td><strong>NATIONALALUM<\/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><strong>225<\/strong><\/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>221<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">Prediction For Friday, <strong>NIFTY<\/strong> can go <strong>up<\/strong> if it goes above 25,300 or <strong>down<\/strong> after the level of 25,200,\u00a0but it all depends upon the <strong>Global cues<\/strong>.<\/h2>\n<\/div><\/div>\n\n\n\n<p>The Nifty opened with a gap down and, after a brief recovery, continued to slide lower, closing significantly in the red. The daily charts show that Nifty closed below the crucial 20-day moving average of 25,508, indicating weakness. On the upside, the immediate resistance lies between 25,300 and 25,500, while support on the downside is in the 25,200 to 24,900 range.<\/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>25,300 (2.2 Crore)<\/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>25,200<\/strong> <strong>(2.6 <\/strong>Crore)<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> 25,200 and 24,900<\/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>25,300 and 25,500<\/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\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"369\" src=\"https:\/\/www.spidersoftwareindia.com\/blog\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-03-170749-1024x369.png\" alt=\"The picture is of the Bank Nifty Stock Market chart in the daily time frame, through which it will be used to predict the market on Oct 04, 2024.\" class=\"wp-image-6247\" srcset=\"https:\/\/www.spidersoftwareindia.com\/blog\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-03-170749-1024x369.png 1024w, https:\/\/www.spidersoftwareindia.com\/blog\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-03-170749-300x108.png 300w, https:\/\/www.spidersoftwareindia.com\/blog\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-03-170749-768x276.png 768w, https:\/\/www.spidersoftwareindia.com\/blog\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-03-170749-1536x553.png 1536w, https:\/\/www.spidersoftwareindia.com\/blog\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-03-170749.png 1906w\" 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\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"369\" src=\"https:\/\/www.spidersoftwareindia.com\/blog\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-03-170728-1024x369.png\" alt=\"The image displays Intraday version of the Bank Nifty Stock Market chart, used for predicting on Oct 04, 2024\" class=\"wp-image-6248\" srcset=\"https:\/\/www.spidersoftwareindia.com\/blog\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-03-170728-1024x369.png 1024w, https:\/\/www.spidersoftwareindia.com\/blog\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-03-170728-300x108.png 300w, https:\/\/www.spidersoftwareindia.com\/blog\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-03-170728-768x277.png 768w, https:\/\/www.spidersoftwareindia.com\/blog\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-03-170728-1536x554.png 1536w, https:\/\/www.spidersoftwareindia.com\/blog\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-03-170728.png 1903w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure><\/div>\n\n\n<h2 class=\"wp-block-heading\">Prediction For Friday, <strong>Bank NIFTY<\/strong> can go <strong>up<\/strong> if it goes above <strong>52,500 <\/strong>or <strong>down<\/strong> after the level of <strong>52,000, <\/strong>but it all depends upon the <strong>Global cues<\/strong>.<\/h2>\n\n\n\n<p>Bank Nifty ended below its key short-term moving averages. After leading the upward movement in late September, Bank Nifty is now reversing course and driving the decline. The downward trend is expected to continue, potentially testing the August low of 49,700. On the upside, resistance is seen between 52,500 and 53,000, while support is located in the 52,000 to 51,600 range.<\/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><strong>52,500 <\/strong>(22.7 Lakhs)<\/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> 52,000<\/strong> <strong>(13.5 Lakhs)<\/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>52,000 and 51,600<\/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> 52,500 and 53,000<\/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\n\n\n<p><\/p>\n<div class=\"pvc_clear\"><\/div><p id=\"pvc_stats_6244\" class=\"pvc_stats all  \" data-element-id=\"6244\" 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>In the stock market today, Sensex plunges 1,769 points, Nifty drops 2% in the largest market decline in two months.<\/p>\n<div class=\"pvc_clear\"><\/div>\n<p id=\"pvc_stats_6244\" class=\"pvc_stats all  \" data-element-id=\"6244\" 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":6249,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"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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