Stock Market Today, Nifty is hovering around 25,150, Sensex has gained 349 points. There’s a surge in the IT, oil & gas, and FMCG sectors.
Nifty Daily Chart.
Sensex increased by 349.05 points, reaching 82,134.61, while the Nifty rose by 99.70 points, to 25,152. There were 1,348 stocks that advanced, -2,421 that declined, and 95 that remained unchanged.
Top Nifty gainers: Bajaj Finserv, Bajaj Finance, Tata Motors, Britannia Industries and BPCL
Top Nifty Losers: Grasim Industries, M&M, JSW Steel, Kotak Mahindra Bank, Dr Reddy’s Laboratories.
Sector-wise, the auto, oil & gas, telecom, IT, and FMCG sectors saw increases of 0.5% to 1%, whereas the capital goods, pharma, media, metal, and power sectors experienced declines of 0.3% to 0.7%.
BSE Midcap index fell by 0.3%, Smallcap index declined by 0.7%.
Stock Prediction for 30th August 2024.
| STOCK | Good Above | Weak Below |
| ITC | 506 | 500 |
| NESTLEIND | 2525 | 2495 |
| RELIANCE | 3055 | 3025 |
| TATAMOTOR | 1122 | 1105 |
Forecast for Friday: NIFTY may rise if it surpasses 25,200 or fall below 25,000, but this will largely depend on global market signals.
Nifty began the day with little change and experienced a day of volatility. It ended the session with a gain of 100 points. Analyzing the daily charts, it’s clear that the Nifty has been gradually climbing due to sector rotation. We anticipate that this momentum will carry it towards 25,250. On the downside, key support levels are between 25,000 and 24,900, while the resistance zone on the upside is between 25,200 and 25,500.
| Highest Call Writing at | 25,200 (1.5 Crore) |
| Highest Put Writing at | 25,000 (1.7 Crore) |
Nifty Support and Resistance
| Support | 25,000 and 24,900 |
| Resistance | 25,200 and 25,500 |
Bank Nifty Daily Chart.
Forecast for Friday: BANKNIFTY may rise if it surpasses 51,400 or fall below 51,000, but this will largely depend on global market signals.
Bank Nifty remained within the range established over the past few trading sessions. A breakout above 51,400 could trigger an advance towards 51,900, while the support zone on the downside is between 51,000 and 50,900. Unless we see clear signs of a trend reversal, we expect to maintain our position in the upward movement.
| Highest Call Writing at | 51,400 (22.4 Lakhs) |
| Highest Put Writing at | 51,000 (20.3 Lakhs) |
Bank Nifty Support and Resistance
| Support | 51,000 and 50,900 |
| Resistance | 51,400 and 51,900 |
