Nifty Prediction For Today - 23 January 2025
Nifty Prediction For Today - 16 January 2025
Last Updated: 16th January 2025 - 10:48 am
Nifty Prediction for Today - 16 January 2025
NIFTY ended a volatile day marginally positively. It recovered from intraday lows and closed up 0.16%. Stock specific moves dominated the NIFTY. NTPC, TRENT & POWERGRID were up 3-4% while M&M, AXISBANK, BAJAJFINSV AND BAJFINANCE were down 2-3%. Advance-decline ratio was nearly even (27 up, 23 down).
NIFTY remains in search of a direction in the near term. Bearishness continues to be the prevailing medium term trend as the pullback cools down and RSI heads back up from oversold levels. US CPI will be a key event to watch for the day. Near term support and resistance levels are 22935/22763 and 23492/23664.
“Recovers from intraday lows in a volatile session”
Bank Nifty Prediction Today - 16 January 2025
BANK NIFTY recovered from intraday lows and closed flat. Barring KOTAKBANK, bellwether private sector banks closed in the red. AXISBANK was the worst performer at -2.4%. Like NIFTY, the pullback is moderating as RSI recovers from extremely oversold levels. Near term support and resistance levels are 47193/47788 and 49715/50311.
Intraday levels for Nifty, Bank Nifty Levels and FINNIFTY Levels:
NIFTY | SENSEX | BANKNIFTY | FINNIFTY | |
Support 1 | 22935 | 75822 | 47788 | 22281 |
Support 2 | 22763 | 75264 | 47193 | 22035 |
Resistance 1 | 23492 | 77626 | 49715 | 23079 |
Resistance 2 | 23664 | 78185 | 50311 | 23325 |
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