Nifty Prediction For - 20 January 2025
Nifty Prediction For Today - 14 January 2025
Last Updated: 14th January 2025 - 11:21 am
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”
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.
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 |
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