Nifty Prediction For Tomorrow- 10 January 2025

Sachin Gupta Sachin Gupta

Last Updated: 9th January 2025 - 04:29 pm

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Nifty Prediction for Tomorrow - 10 January 2025

NIFTY fell 0.7% and closed near the day’s low. Auto and FMCG performed well while Energy and Materials were weak. ONGC gave up some of its gains and ended up as the worst performer for the day. Despite the strong performances from BAJAJAUTO, NESTLEINDIA, HINDUNILVR and M&M, overall sentiment was bearish as 34 of the 50 stocks declined. 

No momentum zone for NIFTY continues within a band of 23500 and 24000. Earnings events will dominate the near term and expect continued volatility. Near term support and resistance levels are 23346/23234 and 23707/23819.

“Waiting for momentum to pick up”

nifty-chart

 

Bank Nifty Prediction for Tomorrow - 10 January 2025

BANKNIFTY finished in the red, dragged down by HDFCBANK's 1.5% slump and losses across many banking stocks.  KOTAKBANK bucked the trend with a 1.2% gain, but this wasn't enough to lift the index.  A majority of components underperformed, painting a bearish picture for the day.  Overall, negative sentiment prevailed. Near term support and resistance levels are 48855/48453 and 50152/50554.

 

bank nifty chart

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

  NIFTY  SENSEX BANKNIFTY FINNIFTY
Support 1 23346 77010 48855 22761
Support 2 23234 76632 48453 22597
Resistance 1 23707 78231 50152 23291
Resistance 2 23819 78608 50554 23455

 

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