Stock Market Today, Sensex increased by 194 points, Nifty surpassed 25,250. Significant gains were seen in the IT, FMCG, and banking sectors.
Nifty Daily Chart.
The Sensex gained 194.07 points, to reach 82,559.84, while the Nifty rose 42.80 points, to 25,278.70. Around 1,684 stocks moved higher, -2,191 declined, and 133 remained unchanged.
| Top Nifty gainers | Bajaj Finserv Bajaj Finance HCL Technologies Bajaj Auto Hero MotoCorp |
| Top Nifty Losers | Grasim Industries Kotak Mahindra Bank Adani Enterprises Nestle India |
BSE midcap index ended flat, while smallcap index was down 0.5%.
Stock Prediction for 03rd September 2024.
| STOCK | Good Above | Weak Below |
| BERGEPAINT | 576 | 570 |
| HINDUNILVR | 2809 | 2780 |
| INFY | 1980 | 1955 |
| PIDILITIND | 3185 | 3150 |
Forecast for Tuesday: NIFTY may rise if it surpasses 25,500 or fall below 25,200, but this will largely depend on global market signals.
On Sept 02, Nifty began the day with a gap up and traded sideways for most of the session, finishing with a gain of approximately 43 points. The daily charts indicate that Nifty has ended higher for the thirteenth consecutive trading day. Moving forward, Nifty may target levels between 25,400 and 26,000, with crucial support anticipated in the 25,200 to 25,000 range.
| Highest Call Writing at | 25,400 (66.4 Lakhs) |
| Highest Put Writing at | 25,200 (61.3 Lakhs) |
Nifty Support and Resistance
| Support | 25,200 and 25,000 |
| Resistance | 25,400 and 26,000 |
Bank Nifty Daily Chart.
Forecast for Tuesday: BANKNIFTY may rise if it surpasses 51,500 or fall below 51,200, but this will largely depend on global market signals.
On Sept 02, Bank Nifty suggested a possible recovery, but sustaining these gains may be challenging due to the weakness observed in key stocks within the index. PSU Banks showed signs of a fresh upward trend and could experience positive momentum in the next trading sessions. In the short term, resistance is anticipated around the 51,500 to 51,900 range, with essential support expected between 51,200 and 50,900.
| Highest Call Writing at | 51,500 (39.3 Lakhs) |
| Highest Put Writing at | 51,200 (26.0 Lakhs) |
Bank Nifty Support and Resistance
| Support | 51,200 and 50,900 |
| Resistance | 51,500 and 51,900 |
