Nifty Prediction For Today - 03 January 2025

Sachin Gupta Sachin Gupta

Last Updated: 3rd January 2025 - 11:14 am

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Nifty Prediction for Today - 3rd January 2025

NIFTY surged 1.9% today, driven by a stellar 4.6% jump in the Auto sector.  EICHERMOT led the charge with an 8.6% gain, while BAJFINANCE, BAJAJFINSV and MARUTI also performed strongly.  A near-perfect advance-decline ratio (48:2) reflects broad-based buying. Healthcare lagged, with SUNPHARMA down -0.6%. 

 

2025 could not have got off to a better start. Two strong days took the NIFTY above 24000. After the strong run, RSI has inched up sharply. Some amount of caution is warranted now. Near term support and resistance levels are 23875/23680 and 24503/24697.

“A strong start to the year”

nifty-chart

 

 

Bank Nifty Prediction for Today - 3rd January 2025

BANK NIFTY Index enjoyed a solid day, lifted by strong performances from PNB (up 2.9%), INDUSINDBK, FEDERALBNK and KOTAKBANK.  Broadly positive sentiment prevailed, though Bank of Baroda remained flat.  The index saw a healthy advance. Near term support and resistance levels are 50363/50838 and 52373/52849.

bank nifty chart

 

Intraday levels  for Nifty, Bank Nifty Levels and  FINNIFTY Levels:

  NIFTY  SENSEX BANKNIFTY FINNIFTY
Support 1 23875 79360 50838 23638
Support 2 23680 78999 50363 23410
Resistance 1 24503 80527 52373 24375
Resistance 2 24697 80888 52849 24603

 

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