Stock Market Today, Nifty dropped below 25,200, and Sensex fell by 203 points, with pharma, FMCG, and real estate sectors performing well.
Nifty Daily Chart.
The Sensex decreased by 202.80 points, settling at 82,352.64, while the Nifty fell by 81.10 points to 25,198.70. Out of all shares, 1,852 rose, 1,935 fell, and 90 were unchanged.
| Top Nifty gainers | Asian Paints Grasim Industries HUL Apollo Hospitals Sun Pharma |
| Top Nifty Losers | Wipro Coal India ONGC Hindalco Industries M&M |
The BSE Smallcap index finished higher, whereas the Midcap index saw a slight decline.
Stock Prediction for 05th September 2024.
| STOCK | Good Above | Weak Below |
| BEL | 302 | 297 |
| GRASIM | 2780 | 2740 |
| INDUSINDBK | 1444 | 1764 |
| LALPATHLAB | 3422 | 3380 |
Prediction for Thursday: NIFTY may rise if it surpasses 25,300 or fall below 25,000, but this will largely depend on global market signals.
On Sept 04, Nifty is currently trending upwards. For those with long positions, it is recommended to keep holding, with a daily closing stop loss at 25,111. The market’s winning streak was interrupted, falling by nearly 0.5% due to weak global signals. Following the trend in Asian markets, the Nifty index opened lower, influenced by drops in US markets. Resistance is anticipated in the 25,300-25,500 range, while support levels are expected between 25,000 and 24,800.
| Highest Call Writing at | 25,300 (1.1 Crore) |
| Highest Put Writing at | 25,000 (72.2 Lakhs) |
Nifty Support and Resistance
| Support | 25,000 and 24,800 |
| Resistance | 25,300 and 22,500 |
Bank Nifty Daily Chart.
Prediction for Thursday: BANKNIFTY may rise if it surpasses 51,400 or fall below 51,200, but this will largely depend on global market signals.
On Sept 04, Banknifty is currently experiencing an upward trend. For those with long positions, it’s advisable to keep them, using a daily closing stop loss set at 51,029. On the upside, resistance is expected in the 51,400-52,000 range, while support is seen between 51,200 and 50,800.
| Highest Call Writing at | 51,400 (1.4 Crore) |
| Highest Put Writing at | 51,200 (86.3 Lakhs) |
Bank Nifty Support and Resistance
| Support | 51,200 and 50,800 |
| Resistance | 51,400 and 52,000 |
