Stock Market Today, Sensex dropped 151 points, Nifty fell below 25,150; IT sector gained, real estate declined.
Nifty Daily Chart.
Sensex fell by 202.80 points, ending at 82,352.64, while the Nifty dropped by 81.10 points to reach 25,198.70. Among the total shares, 1,852 advanced, 1,935 declined, and 90 stayed the same.
| Top Nifty gainers | Titan Company LTIMindtree Wipro BPCL ITC |
| Top Nifty Losers | Coal India Britannia Industries Cipla Dr Reddy’s Labs Reliance Industries |
The BSE Smallcap index finished higher, whereas the Midcap index saw a slight decline.
Stock Prediction for 06th September 2024.
| STOCK | Good Above | Weak Below |
| CROMPTON | 473 | 467 |
| LICHSGFIN | 715 | 706 |
| METROPOLIS | 2162 | 2135 |
| PETRONET | 370 | 365 |
Prediction for Friday: NIFTY may rise if it surpasses 25,300 or fall below 25,100, but this will largely depend on global market signals.
On Sept 05, Nifty opened higher but saw profit-taking throughout the session, closing down by about 50 points. After the previous session’s gap-down, the price structure seems to have weakened. Although the uptrend is still intact, consolidation within the 25,000–25,350 range is likely in the coming trading sessions. On the downside, the support zone between 25,100 and 25,000 might present a good buying opportunity, while immediate resistance is expected between 25,300 and 25,400.
| Highest Call Writing at | 25,300 (2.8 Crore) |
| Highest Put Writing at | 25,100 (3.4 Crore) |
Nifty Support and Resistance
| Support | 25,100 and 25,000 |
| Resistance | 25,300 and 25,400 |
Bank Nifty Daily Chart.
Prediction for Friday: BANKNIFTY may rise if it surpasses 51,900 or fall below 51,500, but this will largely depend on global market signals.
On Sept 05, Bank Nifty showed strong performance, closing in positive territory and standing out after recent underperformance. We expect the Bank Nifty to lead in the near term, with anticipated levels ranging from 51,900 to 52,000. The crucial support is located between 51,500 and 51,100.
| Highest Call Writing at | 51,900 (27.7 Lakhs) |
| Highest Put Writing at | 51,500 (21.0 Lakhs) |
Bank Nifty Support and Resistance
| Support | 51,500 and 51,100 |
| Resistance | 51,900 and 52,000 |
