Stock Market Today, Stock Market Update: Nifty rose for the 14th day, while Sensex fell 4.40 points to 82,555.44.
Nifty Daily Chart.
The Sensex declined by 4.40 points, to close at 82,555.44, while the Nifty gained 1.10 points to end at 25,279.80.
| Top Nifty gainers | SBI Life Insurance ICICI Bank HDFC Life Shriram Finance Bajaj Finserv |
| Top Nifty Losers | Grasim Industries Kotak Mahindra Bank Adani Enterprises Nestle India |
BSE midcap index ended with marginal gains and the smallcap index rose 0.5%
Stock Prediction for 03rd September 2024.
| STOCK | Good Above | Weak Below |
| CUMMINSIND | 3844 | 3800 |
| JUBLFOOD | 656 | 650 |
| KOTAKBANK | 1785 | 1764 |
| WIPRO | 541 | 534 |
Prediction for Wednesday: NIFTY may rise if it surpasses 25,500 or fall below 25,200, but this will largely depend on global market signals.
On Sept 03, Nifty started the day flat and stayed within a narrow range, ending with a modest gain of about 1 point. The daily charts indicate a gradual upward movement, driven by sector rotation. We expect this trend to continue, with the Nifty potentially reaching between 25,500 and 26,000 on the upside. Conversely, key support levels are anticipated to be between 25,200 and 24,900 on the downside.
| Highest Call Writing at | 25,500 (71.9 Lakhs) |
| Highest Put Writing at | 25,200 (65.9 Lakhs) |
Nifty Support and Resistance
| Support | 25,200 and 24,900 |
| Resistance | 25,500 and 26,000 |
Bank Nifty Daily Chart.
Prediction for Wednesday: BANKNIFTY may rise if it surpasses 52,000 or fall below 51,500, but this will largely depend on global market signals.
On Sept 03, Bank Nifty is currently exhibiting a positive trend. For those with long positions, it’s recommended to maintain them with a daily closing stop loss at 51,029. The Bank Nifty is gaining upward momentum and is moving towards the 52,000 to 52,500 range. In the short term, the support level has risen to the 51,500 to 51,000 zone.
| Highest Call Writing at | 52,000 (35.4 Lakhs) |
| Highest Put Writing at | 51,500 (31.8 Lakhs) |
Bank Nifty Support and Resistance
| Support | 51,500 and 51,000 |
| Resistance | 52,000 and 52,500 |
