Stock Market Today, Nifty has gone over 25,000, thanks to a 362-point jump in the Sensex & strong showings from IT, media, & telecom stocks.
Nifty Daily Chart.
The Sensex climbed by 361.75 points to reach 81,921.29, while the Nifty rose by 104.70 points, reaching 25,041.10. Of the shares traded, around 2,473 went up, 1,300 declined, and 98 stayed the same.
| Top Nifty gainers | Divis Labs LTIMindtree Bharti Airtel Wipro HCL Tech |
| Top Nifty Losers | HDFC Life SBI Life Insurance Bajaj Finserv Bajaj Finance Shriram Finance |
BSE midcap index was up 0.5% and Smallcap index gained 1.5%
Stock Prediction for 11th September 2024.
| STOCK | Good Above | Weak Below |
| APOLLOHOSP | 6950 | 6885 |
| CROMPTON | 470 | 463 |
| HINDCOPPER | 315 | 310 |
| INFY | 1920 | 1892 |
Prediction for Wednesday: NIFTY may rise if it surpasses 25,100 or fall below 24,800, but this will largely depend on global market signals.
On Sept 10, Nifty had a flat start but, following some initial volatility, it stabilized and finished the day up by about 80 points. According to the daily charts, the Nifty tested and held its support range of 24,800 – 24,500. The day’s low of 24,753 should act as a stop-loss for long positions, with a drop below this level potentially indicating a short-term trend reversal. On the upside, immediate resistance is expected between 25,000 and 25,500.
| Highest Call Writing at | 25,100 (64.9 Lakhs) |
| Highest Put Writing at | 24,800 (55.2 Lakhs) |
Nifty Support and Resistance
| Support | 24,800 and 24,600 |
| Resistance | 25,100 and 25,500 |
Bank Nifty Daily Chart.
Prediction for Wednesday: BANKNIFTY may rise if it surpasses 51,300 or fall below 50,500, but this will largely depend on global market signals.
On Sept 10, Bank Nifty experienced a robust rebound from its intraday lows, regaining much of the losses from the previous session. This V-shaped recovery suggests strong buying interest at lower levels. Support for Bank Nifty is identified between 50,500 and 50,000, while resistance is expected to be between 51,300 and 51,500.
| Highest Call Writing at | 51,500 (41.2 Lakhs) |
| Highest Put Writing at | 51,000 (33.7 Lakhs) |
Bank Nifty Support and Resistance
| Support | 51,000 and 50,500 |
| Resistance | 51,500 and 52,000 |
