What to Expect from the Market on April 17: Key Cues Ahead of Tomorrow's Trade
Nifty Prediction For Today - 5 March 2025

Nifty Prediction for Today
Overnight, global markets corrected after Trump confirmed the latest round of tariffs. On such weak global cues, NIFTY opened weak (below 22000). It recovered modestly during the day but closed in the red again. This makes it the 10th consecutive day of declines for the NIFTY; and nearly 20% from September highs. IT and Auto stocks were the key drag. BAJAJAUTO, HEROMOTOCO, BAJAJFINSV and HCLTECH were among the top losers. BPCL, SBIN & BEL were the top gainers. SBIN likely gained on a broker upgrade report highlighting its robust outlook and relatively cheap valuations.

ADR was bearish as 28 of the NIFTY stocks fell. Momentum remains weak and worsening as NIFTY is yet to show signs of consolidation. RSI is at oversold levels. In the recent past, NIFTY has witnessed a bounce back at such low RSI levels. Near term support and resistance levels are 21783/21597 and 22383/22568.
"NIFTY falls for the 10th day. RSI firmly in oversold territory"
Bank Nifty Prediction for Today
BANK NIFTY recovered significantly after opening weak and ended the day in green. While the breadth was bearish (7 declines vs 5 advances), many heavyweights were in the green. SBIN (3%), HDFCBANK (0.6%) and ICICIBANK (0.4%) were among the top gainers. On the other hand, AUBANK (-1.85%), FEDERALBANK (-1.77%) and IDFCFIRSTB (-1.2%) were key drag. Momentum is relatively better for BANKNIFTY vs NIFTY. Near term support and resistance levels are 47483/47774 and 48716/49007.
Intraday levels for Nifty, Bank Nifty Levels and FINNIFTY Levels:
NIFTY | SENSEX | BANKNIFTY | FINNIFTY | |
Support 1 | 21783 | 72015 | 47774 | 22868 |
Support 2 | 21597 | 71412 | 47483 | 22768 |
Resistance 1 | 22383 | 73965 | 48716 | 23189 |
Resistance 2 | 22568 | 74568 | 49007 | 23289 |
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5paisa Research Team
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