Nifty Prediction For Today - 14 January 2025

Sachin Gupta Sachin Gupta

Last Updated: 14th January 2025 - 11:21 am

Listen icon

Nifty Prediction for Today - 14 January 2025

NIFTY tumbled today, dragged by worries over a pause in fed rate cuts and a strengthening dollar. All the indices were in the red, with Realty and Mid-Cap stocks being amongst the worst hit. Only a handful of stocks bucked the trend, with TCS, INDUSINDBK, HINDUNILVR and AXISBANK showing minor gains. 

Technically, NIFTY has plunged into a bearish territory after being range bound between 23500 and 24000 during December. RSI is getting closer to oversold levels. It implies that the probability of a short-term bounce back is increasing. However, the medium-term trend firmly remains bearish. Near term support and resistance levels are 22808/22635 and 23364/23536.

“Another Panic Monday”

nifty-chart

 

Bank Nifty Prediction for Today - 14 January 2025

Bank Nifty slumped today, mirroring broader market weakness.  AXISBANK bucked the trend, but CANBK's -4.6% drop highlighted sector fragility.  Several other banks suffered significant losses exceeding 1%.  Overall, it was a very negative session for the banking index. Near term support and resistance levels are 47078/46482 and 49004/49600.

bank nifty chart

 

 

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

  NIFTY  SENSEX BANKNIFTY FINNIFTY
Support 1 22808 75428 47078 22002
Support 2 22635 74870 46482 21755
Resistance 1 23364 77232 49004 22799
Resistance 2 23536 77790 49600 23046

 

Stay Ahead in the Market Game!
Unlock expert perspectives to shape your investment strategy.
  • Performance Analysis
  • Nifty Predictions
  • Market Trends
  • Insights on Market
+91
''
 
By proceeding, you agree to our T&Cs*
Mobile No. belongs to
hero_form

Market Outlook Related Articles

Nifty Prediction For - 20 January 2025

by Sachin Gupta 17th Jan 2025

Nifty Prediction For - 13 January 2025

by Sachin Gupta 13th Jan 2025

Disclaimer: Investment in securities market are subject to market risks, read all the related documents carefully before investing. For detailed disclaimer please Click here.

Open Free Demat Account

Be a part of 5paisa community - The first listed discount broker of India.

+91

By proceeding, you agree to all T&C*

footer_form