Stock Market Today, Sensex climbs 362 points, the Nifty surpasses 25,000, driven by strong performances in IT, media, & telecom sectors.
Nifty Daily Chart.
The Sensex fell by 398 points to 81,523.16, and the Nifty decreased by 122.65 points to 24,918.45. Out of the stocks, 1,619 advanced, 2,345 declined, and 106 stayed unchanged.
| Top Nifty gainers | Asian Paints Bajaj Finance Sun Pharma |
| Top Nifty Losers | Tata Motors NTPC Adani Ports SEZ |
BSE midcap index was down 0.5% and Smallcap index losses 0.6%
Stock Prediction for 12th September 2024.
| STOCK | Good Above | Weak Below |
| APOLLOTYRE | 523 | 518 |
| HCLTECH | 1786 | 1764 |
| SHRIRAMFIN | 3280 | 3248 |
| TORANTPHARM | 3460 | 3420 |
Prediction for Thursday: NIFTY may rise if it surpasses 25,000 or fall below 24,500, but this will largely depend on global market signals.
On Sept 11, Profit booking at elevated levels affected the benchmark indices, leading to a 122-point drop in the Nifty’s closing. Daily charts revealed a small bearish candle, and intraday charts showed a formation of lower tops, signaling short-term weakness. The market encountered resistance in the 25,000-25,500 range after a muted opening, with support found between 24,500 and 24,000.
| Highest Call Writing at | 25,000 (1.2 Crore) |
| Highest Put Writing at | 24,500 (69.9 Lakhs) |
Nifty Support and Resistance
| Support | 24,500 and 24,000 |
| Resistance | 25,000 and 25,500 |
Bank Nifty Daily Chart.
Prediction for Thursday: BANKNIFTY may rise if it surpasses 51,300 or fall below 51,100, but this will largely depend on global market signals.
On Sept 11, The Bank Nifty is currently trending downward. For those holding short positions, it’s recommended to keep them with a daily closing stop-loss set at 51,320. Resistance levels are between 51,300 and 51,500 on the upside, whereas support is found between 51,100 and 50,800 on the downside.
| Highest Call Writing at | 51,300 (85.2 Lakhs) |
| Highest Put Writing at | 51,100 (1.4 Crore) |
Bank Nifty Support and Resistance
| Support | 51,100 and 50,800 |
| Resistance | 51,300 and 51,500 |
