Nifty Prediction For Today - 11 February 2025

Sachin Gupta Sachin Gupta

Last Updated: 11th February 2025 - 10:24 am

2 min read

Nifty Prediction for Today - 11 February 2025

NIFTY saw a weak day, with a widespread selloff. Metals sold off sharply after another set of Trump Tariff news. INR touched a fresh low. Only 9 stocks advanced, resulting in a weak 0.2 ADR. KOTAKBANK (+1.6%) and BHARTIARTL (+0.5%) bucked the trend, while TRENT and POWERGRID were the top laggards.  

Technically, NIFTY dropped below the 20 day EMA trend line which had a rising slope; indicating a setup for a trend reversal. RSI has also plummeted away from positive momentum levels. Near term support and resistance levels are 23005/23149 and 23614/23759.

"Consecutive Down Days Make NIFTY Lose Positive Momentum"

nifty-chart

 

Bank Nifty Prediction for Today - 11 February 2025

BANK NIFTY was down 0.4% and was impacted by the overall weakness in markets. KOTAKBANK was the top performer with a 1.6% gain. Another index heavyweight, ICICIBANK, also closed in the green. However, the weakness in broader markets was apparent as 10/12 index stocks closed in the red. Unlike NIFTY, BANKNIFTY hasn’t yet broken the 20d EMA line.  Near term support and resistance levels are 48912/49321 and 50641/51050.

bank nifty chart

 

 

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

  NIFTY  SENSEX BANKNIFTY FINNIFTY
Support 1 23149 76512 49321 23056
Support 2 23005 76016 48912 22843
Resistance 1 23614 78112 50641 23745
Resistance 2 23759 78607 51050 23958
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