Nifty Prediction For - 06 January 2025
Nifty Prediction For Today - 01 January 2025
Last Updated: 1st January 2025 - 12:03 pm
Nifty Prediction for Today - 01st January 2025
NIFTY bounced off the day’s low and closed near 23650 levels. Amongst sectors, Capital Goods and Telecom were up 2.9%, while IT was down 1.2%. BEL, ONGC, KOTAKBANK, and TRENT led gainers. IT bellweathers, INFY and TCS, were down 1%. Also, ADANIENT gave up some of yesterday’s gains and closed down 2.4%.
ADR was healthy at 1.1. After the recent selloff, RSI has become incrementally more favorable. Near term support and resistance levels are 23331/23136 and 23959/24153.
“Bounces sharply off intraday lows”
Bank Nifty Prediction for Today - 01st January 2025
Bank Nifty saw lackluster performance today, dragged down by marginal declines at most banking stocks. KOTAKBANK was a notable exception and was up 2.5%. On the other hand, AUBANK fell 3.1%. Overall, a subdued day for the index. Near term support and resistance levels are 50119/49661 and 51601/52059.
Intraday levels for Nifty, Bank Nifty Levels and FINNIFTY Levels:
NIFTY | SENSEX | BANKNIFTY | FINNIFTY | |
Support 1 | 23331 | 77183 | 50119 | 23161 |
Support 2 | 23136 | 76591 | 49661 | 22943 |
Resistance 1 | 23959 | 79095 | 51601 | 23865 |
Resistance 2 | 24153 | 79687 | 52059 | 24082 |
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