Stock Market Today, Nifty ended at 25,235, Sensex rose by 231 points, with Bajaj Finance, M&M, and NTPC leading the gains.
Nifty Daily Chart.
The Sensex climbed 231 points to 82,365.77, and the Nifty rose by 83.95 points, reaching 25,052.30.
Top Nifty gainers: Bajaj Finance, M&M, NTPC.
Top Nifty Losers: Tata Motors, Reliance Industries, ITC
BSE midcap and Smallcap indices up 0.5% and 0.75%
Stock Prediction for 02nd September 2024.
| STOCK | Good Above | Weak Below |
| ASIANPAINT | 3150 | 3100 |
| IGL | 558 | 550 |
| INDUSINDBK | 1425 | 1406 |
| SRF | 2580 | 2550 |
Forecast for Monday: NIFTY may rise if it surpasses 25,500 or fall below 25,200, but this will largely depend on global market signals.
On August 30, the Nifty extended its winning streak to twelve consecutive sessions. It began the day with an increase and finished at a new record high, creating a doji-like pattern. Resistance is expected between 25,500 and 26,000, while support levels are noted at 25,200 to 25,000.
| Highest Call Writing at | 25,500 (66.1 Lakhs) |
| Highest Put Writing at | 25,200 (63.5 Lakhs) |
Nifty Support and Resistance
| Support | 25,200 and 25,000 |
| Resistance | 25,500 and 26,000 |
Bank Nifty Daily Chart.
Forecast for Monday: BANKNIFTY may rise if it surpasses 51,500 or fall below 51,100, but this will largely depend on global market signals.
The Bank Nifty is currently trending upwards. If you hold long positions, it’s recommended to keep them with a daily closing stop loss at 50,879. Resistance is expected in the range of 51,500 to 52,000, while support is found between 51,000 and 50,000.
| Highest Call Writing at | 51,500 (27.3 Lakhs) |
| Highest Put Writing at | 51,100 (21.5 Lakhs) |
Bank Nifty Support and Resistance
| Support | 51,100 and 50,000 |
| Resistance | 51,500 and 52,000 |
