Let’s rewind to March 28th and take a peek into the bustling world of stocks. Sensex and Nifty, the leading indices, were on a roll. Sensex surged by a whopping 655.04 points, hitting 73,651.35, while Nifty followed suit, climbing by 203.20 points to reach 22,326.90. It was a day of green across the board, with gains seen in various sectors. Here’s a quick roundup:
Aspect
Details
Market Recap
Sensex and Nifty surged on March 28th, with gains across sectors. Midcap and smallcap indices also saw positive movement.
Stock Predictions
Predictions provided for selected stocks, Nifty, and Bank Nifty, including key support and resistance levels.
Top Gainers and Losers
Gainers: Bajaj Finserv, Grasim Industries, Hero MotoCorp, Bajaj Finance, and Eicher Motors took the spotlight as the top gainers in the Nifty index.
Losers: On the flip side, Shriram Finance, Tech Mahindra, Axis Bank, Reliance Industries, and Britannia Industries saw a dip.
Sector Performance
All sectors were riding high, with notable gains in auto, healthcare, metal, power, and capital goods. Even oil & gas, IT, banking, real estate, and FMCG sectors joined the upward trend, albeit with slightly modest gains.
Midcap and Smallcap Movement
BSE midcap index rose by 0.6%, while the smallcap index experienced a milder uptick of 0.3%.
Stock Predictions for April 1st, 2024
Now, let’s fast forward to April 1st, 2024, and delve into the crystal ball for some stock predictions.
Key Stock Predictions
Here are some anticipated levels for selected stocks:
Stock
Good Above
Weak Below
COALINDIA
436
431
JSWSTEEL
834
826
MCDOWELL-N
1140
1122
MUTHOOTFIN
1482
1463
Nifty Forecast
The Nifty index is expected to sway based on its performance around crucial levels:
Prediction: Nifty may rise if it surpasses 22,500 or drop below 22,300, contingent upon global cues.
Support and Resistance: Key support levels lie at 22,300 and 22,200, while resistance is anticipated at 22,500 and 22,600.
Bank Nifty Outlook
Turning our attention to Bank Nifty, here’s what’s on the horizon:
Prediction: Bank Nifty could ascend beyond 47,000 or descend after breaching 46,800, hinging on global market trends.
Support and Resistance: Essential support zones encompass 47,000 and 46,800, with resistance levels poised at 47,500 and 48,000.
