Nifty Prediction For Today - 30 January 2025

Sachin Gupta Sachin Gupta

Last Updated: 30th January 2025 - 10:28 am

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Nifty Prediction for Today - 30 January 2025

NIFTY witnessed a broad-based rally and closed sharply higher (+0.9%). IT stocks rallied as they traced overnight gains in global tech counterparts. Also, the bounce-back in banking stocks continued.  Among the top performers were SHRIRAMFIN (+4.0%), BEL (3.7%) and TATAMOTORS (3.6%). On the other hand, ITCHOTELS and MARUTI were top losers. 

 

Overall, there was a sharp 2-day recovery as the index rallied back into the consolidation zone of 23000 to 23500. ADR was robust as only 9 of the NIFTY stocks declined. Also, RSI has improved to 45 – indicating bullish momentum levels not seen in a month. Near term support and resistance levels are 22972/22854 and 23354/23472.

"Bullish Momentum Picked Up"

nifty-chart

 

Bank Nifty Prediction for Today - 30 January 2025

BANKNIFTY rallied for the third consecutive day and ended the day close to day’s high. Barring 2, all the banking stocks closed in the green. The index was boosted by IDFCFIRSTB (+2.7%) and strong gains in KOTAKBANK and INDUSINDBK.  PNB's (-2.0%) underperformance tempered the advance. Near term support and resistance levels are 48747/48487 and 49585/49845.

 

bank nifty chart

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

  NIFTY  SENSEX BANKNIFTY FINNIFTY
Support 1 22972 75908 48747 22874
Support 2 22854 75521 48487 22769
Resistance 1 23354 77158 49585 23216
Resistance 2 23472 77545 49845 23321
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