Nifty Prediction For Tomorrow - 03 January 2025
Nifty Outlook For Today - 31 December 2024
Last Updated: 31st December 2024 - 09:35 am
Nifty Prediction for Today - 31st December 2024
While the NIFTY MIDCAP SELECT index was up 1.7%, the large cap NIFTY 50 closed down 0.7% amidst a broad based selloff. ADANIENT surged 7% on news flow regarding asset sales and broker upgrades. HCLTECH and TECHM too closed positive. These were among the few gainers in the index where more than 75% of the stocks fell.
After showing signs of consolidation above 23750 over the past few days, the index broke near term technical support levels and closed below 23650. Traders should remain cautious before building long positions. Volatility could continue to dominate in the near term. Near term support and resistance levels are 23349/23166 and 23941/24124.
“Strong Diverence – Midcaps surge while Largecaps fall”
Bank Nifty Prediction for Today - 31st December 2024
BANK NIFTY showed weakness today. AUBANK and IDFCFIRSTB were up almost 2%. However, losses in heavyweights ICICIBANK, KOTAKBANK, SBIN & HDFCBANK and SBIN led to a 0.7% drop in the index. Volatility was evident, highlighting a lack of clear directional momentum. Near term support and resistance levels are 49759/50215 and 51690/52147.
Intraday levels for Nifty, Bank Nifty Levels and FINNIFTY Levels:
NIFTY | SENSEX | BANKNIFTY | FINNIFTY | |
Support 1 | 23349 | 77249 | 50215 | 23227 |
Support 2 | 23166 | 76631 | 49759 | 23017 |
Resistance 1 | 23941 | 79247 | 51690 | 23904 |
Resistance 2 | 24124 | 79865 | 52147 | 24113 |
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