Nifty Prediction For Tomorrow - 7 March 2025
Nifty Prediction For Today - 03 February 2025

Nifty Prediction for Today - 03 February 2025
On a volatile budget day, Nifty witnessed an intraday swing of ~300pts. It recovered from the lows and closed only marginally lower. The budget had positive news for consumption related themes at the expense of construction/capital goods stocks.
Concomitantly, stocks associated with consumer spending were up sharply. TRENT, ITCHOTELS, MARUTI, TATACONSUM, EICHERMOT were the top performers. On the other hand, BEL, POWERGRID, LT, GRASIM were the bottom performers.

Strong buying towards the end of trading session saw the NIFTY recover from its intraday low. The price action further confirms the strength of positive momentum. The index had broken the medium-term declining trend channel. Also, RSI has improved and remains below overbought levels. Overall, a positive outlook for the near term. Near term support and resistance levels are 23159/23283 and 23682/23805.
"Budget Day: Consumption Up; Construction Down"
Bank Nifty Prediction for Today - 03 February 2025
Bank Nifty saw a muted performance. It recovered from intraday low and closed only marginally lower (-0.16%). INDUSINDBK and AXISBANK fueled gains, but losses in IDFCFIRSTB and PNB capped overall upside. BANKNIFTY has built a double bottom, which should continue to offer support until 50000 levels.
Like NIFTY, BANKNIFTY had also broken through the falling price trend channel. Near term support and resistance levels are 48680/48996 and 50018/50334.
Intraday levels for Nifty, Bank Nifty Levels and FINNIFTY Levels:
NIFTY | SENSEX | BANKNIFTY | FINNIFTY | |
Support 1 | 23283 | 76885 | 48996 | 22919 |
Support 2 | 23159 | 76501 | 48680 | 22763 |
Resistance 1 | 23682 | 78127 | 50018 | 50018 |
Resistance 2 | 23805 | 78511 | 50334 | 23578 |
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