In today’s stock market, market dodged a DeepSeek rout, with the Sensex up by 600 points and the Nifty above 22,950.
Stock Market Nifty Chart Prediction
On January 28, the Sensex was up by 535.24 points at 75,901.41, and the Nifty was up by 128.1 points at 22,957.25. About 1116 shares advanced, 2429 shares declined, and 84 shares unchanged.
Top Nifty gainers: Axis Bank, HDFC Bank, Bajaj Finserv, Shriram Finance, Bajaj Finance
Top Nifty Losers: Sun Pharma, Britannia Industries, Eicher Motors, Grasim Industries, L&T
The auto, bank, and real estate sectors increased by 1-2%, while sectors like capital goods, power, metal, oil & gas, FMCG, healthcare, and IT dropped by 0.5-1%.
BSE Midcap index shed 0.6 percent, while smallcap index fell 1.7 percent.
Stock Prediction for 29th Jan 2025
| STOCK | Good Above | Weak Below |
| CHOLAFIN | 1242 | 1228 |
| BAJAJFINSV | 1780 | 1760 |
| HDFCBANK | 1681 | 1660 |
| M&M | 2885 | 2855 |
Prediction for Wednesday NIFTY can go up if it goes above 23,100 or down after the level of 22,500, but it all depends upon the Global cues.
Nifty had a volatile day, starting higher and staying positive for most of the day. However, a sharp sell-off in the last hour reduced some of the gains, but it still closed up by around 128 points. The formation of a Doji candle indicates uncertainty among investors about the market’s direction. Resistance on the upside is seen at 23,100-23,340, while support on the downside lies at 22,800-22,500.
| Highest Call Writing at | 23,100 (1.3 Crore) |
| Highest Put Writing at | 22,800 (1.0 Crore) |
Nifty Support and Resistance
| Support | 22,800-22,500 |
| Resistance | 23,100-23,340 |
Bank Nifty Daily Chart Prediction
Prediction For Wednesday, Bank NIFTY can go up if it goes above 52,000 or down after the level of 47,500, but it all depends upon the Global cues.
Bank Nifty remains in a bearish trend. Traders holding short positions are advised to maintain them with a daily closing stop-loss at 48,825. Resistance on the upside is positioned at 49,000-50,000, while support on the downside is around 47,500-47,000.
| Highest Call Writing at | 49,000 (35.6 Lakh) |
| Highest Put Writing at | 47,500 (26.3 Lakh) |
Bank Nifty Support and Resistance
| Support | 47,500 to 47,000 |
| Resistance | 49,000 and 50,000 |
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