Nifty Prediction For Today - 4 March 2025

Nifty Prediction for Today
NIFTY closed flat as some of Friday’s worst performing stocks snapped back. Key amongst them were IT services stocks and Metals which bounced nearly 1%. However, the usual fears over tariff war, FII selling and rich valuations kept NIFTY in check. Among the top gainers were BEL, GRASIM and EICHERMOT (up 3-4.5%). On the other hand, BAJAJ-AUTO, COALINDIA AND RELIANCE (down 2 to 2.4%) were the top losers. Surprisingly, market breadth was positive as 33 of the NIFTY stocks advanced.

NIFTY is struggling to find support as the overarching macro factors continue to play spoilsport. Near term support is in the form of oversold RSI levels. In the past short/sharp rallies have happened at such low RSI levels. Near term support and resistance levels are 21792/21590 and 22446/22649.
"Laggards snap back as NIFTY ends flat"
Bank Nifty Prediction for Today
BANK NIFTY fell 0.5% after outperforming NIFTY significantly last week. FII heavyweight HDFCBANK was a significant contributor as it was the top loser for the day (-1.67%). Modest gains in KOTAKBANK, ICICIBANK and SBIN were unable to offset the fall in other stocks. Overall, a weak day for the BANK NIFTY after being the best performing index last week. Technically, near term momentum has marginally worsened after today’s fall. Near term support and resistance levels are 47325/47627 and 48602/48903.
Intraday levels for Nifty, Bank Nifty Levels and FINNIFTY Levels:
NIFTY | SENSEX | BANKNIFTY | FINNIFTY | |
Support 1 | 21792 | 72000 | 47627 | 22792 |
Support 2 | 21590 | 71328 | 47325 | 22693 |
Resistance 1 | 22446 | 74172 | 48602 | 23114 |
Resistance 2 | 22649 | 74844 | 48903 | 23213 |
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