Nifty Prediction For Today - 15 January 2025

Sachin Gupta Sachin Gupta

Last Updated: 15th January 2025 - 10:11 am

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Nifty Prediction for Today - 15 January 2025

NIFTY saw a mixed day as it closed up 0.4%. ADANI group stocks and Metals & Mining stocks led the charge. IT and Consumer Durables lagged, notably HCLTECH.  HCLTECH slumped 8.5% on worries over sluggish large deal pipeline. A strong advance-decline ratio of 2.3 reflects broad-based gains as sectoral divergence dominated the day's action. 

NIFTY continues to remain in a bearish zone. To an extent, today’s move is a bounce back due to oversold levels. RSI continues to offer modest support for such bounce backs. However, traders should remain cautious of building high conviction long positions. Near term support and resistance levels are 22898/22726 and 23454/23627.

“A pullback rally”

nifty-chart

 

Bank Nifty Prediction Today - 15 January 2025

BANK NIFTY saw a sharp rally, driven by strong performances from CANBK (+5.3%) and several others exceeding 3% gains. All the BANKNIFTY stocks closed in the green. RSI was at oversold levels and was supportive of such a rally. However, sustained momentum would need a good earnings season from the bellwethers. Near term support and resistance levels are 47170/47766 and 49692/50288.

bank nifty chart

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

  NIFTY  SENSEX BANKNIFTY FINNIFTY
Support 1 22898 75597 47766 22323
Support 2 22726 75039 47170 22077
Resistance 1 23454 77402 49692 23121
Resistance 2 23627 77960 50288 23368

 

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