Nifty Prediction For - 3 March 2025
Nifty Prediction For Today - 01 February 2025
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Nifty Prediction for Today - 31 January 2025
NIFTY rallied throughout the day and had one of the strongest days in the recent past. Its 1.1% up move was driven by broad-based buying. 44 of the NIFTY stocks closed in the green. Individual standouts include TATACONSUM (+6.2%), BEL (5.5%), COALINDIA (+4.5%), TRENT (+4.6%) and LT (+4.2%).
Only 7 NIFTY stocks closed in the red; and none more than 1% down. A rebound in global tech stocks, optimistic expectations pre-budget and good Dec Quarter earnings from some of the companies were among the key reasons for the strong performance.
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After the 4th consecutive day of gains, momentum has improved substantially. RSI has increased sharply but is still not at overbought levels. However, the upcoming budget day warrants caution as the market has experienced significant volatility on budget days in at least one out of every 3 years in the past 10 years. Near term support and resistance levels are 23218/23329 and 23688/23799.
"A Strong Session Before Budget"
Bank Nifty Prediction for Today - 31 January 2025
BANKNIFTY had another good day today. PNB surged 5.2% on good earnings. Barring 3 stocks, all other index stocks closed in the green. BANKBARODA was the top loser and slumped 4.0%. BANKNIFTY has rallied sharply after touching the lows of 48000 early in the week. Momentum has improved.
However, budget day remains a significant event. Near term support and resistance levels are 49155/48888 and 50019/50287.
Intraday levels for Nifty, Bank Nifty Levels and FINNIFTY Levels:
NIFTY | SENSEX | BANKNIFTY | FINNIFTY | |
Support 1 | 23329 | 76949 | 49155 | 22997 |
Support 2 | 23218 | 76607 | 48888 | 22859 |
Resistance 1 | 23688 | 78052 | 50019 | 23444 |
Resistance 2 | 23799 | 78394 | 50287 | 23582 |
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