Nifty Prediction For Today - 10 January 2025
Nifty Prediction For - 13 January 2025
Last Updated: 10th January 2025 - 05:28 pm
Nifty Prediction for - 13 January 2025
NIFTY closed in red for the third consecutive day. Weaknesses were widespread in Financial Services sector, Mid-caps and even NIFTY NEXT 50 stocks. IT bucked the trend and gained 3.6%, boosted by TCS (5.6%). Advance Decline Ratio continues to be weak at 0.4 and reflects a broad weakness.
NIFTY is entering a bearish zone. It dropped for 3 consecutive days. As witnessed by poor ADR, market breadth is weak. Furthermore, RSI is still not at extremely oversold levels. Near term support and resistance levels are 23223/23094 and 23640/23769.
“Entering a bearish territory”
Bank Nifty Prediction for - 13 January 2025
BANK NIFTY slumped again today, dragged down by widespread losses. After the sharp drop since Dec levels, it is in an extremely bearish zone. While RSI is at oversold levels and could lead to short rallies, the medium term trend is weak. INDUSINDBK's -4.4% drop underscored the negative sentiment. AUBANK's 0.9% gain offered little respite. Near term support and resistance levels are 47944/47455 and 49524/50013.
Intraday levels for Nifty, Bank Nifty Levels and FINNIFTY Levels:
NIFTY | SENSEX | BANKNIFTY | FINNIFTY | |
Support 1 | 23223 | 76677 | 47944 | 22409 |
Support 2 | 23094 | 76243 | 47455 | 22210 |
Resistance 1 | 23640 | 78081 | 49524 | 23052 |
Resistance 2 | 23769 | 78515 | 50013 | 23251 |
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