Nifty Prediction For Today - 01 January 2025

Sachin Gupta Sachin Gupta

Last Updated: 1st January 2025 - 12:03 pm

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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”

nifty-chart

 

 

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.

bank nifty chart

 

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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