In today’s stock market, Sensex fell 528 points, Nifty dropped below 23,550, dragged by metal stocks and PSU banks, while FMCG gained.
Stock Market Nifty Chart Prediction
On January 9, Sensex was down 528.28 points at 77,620.21, and the Nifty was down 162.45 points at 23,526.50. About 1,175 shares advanced, 2,610 shares declined, and 109 shares remained unchanged.
Top Nifty gainers: HUL, Britannia Industries, Nestle India, M&M, Bajaj Auto.
Top Nifty Losers: Shriram Finance, ONGC, Tata Steel, Coal India, BPCL
Except for FMCG, all other sectors ended in the red, with capital goods, IT, metal, oil & gas, PSU Bank, power, and realty sectors down by 1-2 percent.
BSE Midcap and smallcap indices shed 1 percent each.
Stock Prediction for 10th Jan 2025
| STOCK | Good Above | Weak Below |
| HCLTECH | 1945 | 1925 |
| HINDUNILVR | 2450 | 2425 |
| M&M | 3140 | 3105 |
| TATACOMM | 1722 | 1702 |
Prediction for Friday NIFTY can go up if it goes above 23,560 or down after the level of 23,700, but it all depends upon the Global cues.
The Nifty closed just above its important support level of 23,500 on Thursday, forming a bearish pattern below the 200-day EMA, which suggests caution. If it falls below 23,500 in the next session, it could signal a “sell-on-rise” strategy, with more losses likely. The support level is between 23,560 and 23,200, while resistance is expected around 23,700 to 23,900.
| Highest Call Writing at | 23,700 (1.6 Crore) |
| Highest Put Writing at | 23,560 (2.5 Crore) |
Nifty Support and Resistance
| Support | 23,560 and 23,200 |
| Resistance | 23,700 to 23,900 |
Bank Nifty Daily Chart Prediction
Prediction For Friday, Bank NIFTY can go up if it goes above 49,700 or down after the level of 49,500, but it all depends upon the Global cues.
Traders can think about buying with a stop-loss set at 49,549 based on the daily closing price. Immediate support is at 49,500 and 49,000, which should help prevent further drops. On the upside, resistance is at 49,700 and 50,000, which are key levels to watch for potential breakouts. Traders should monitor these levels closely to make informed decisions about when to enter and exit the market.
| Highest Call Writing at | 49,700 (24.0 Lakh) |
| Highest Put Writing at | 49,500 (13.7 Lakh) |
Bank Nifty Support and Resistance
| Support | 49,500 and 49,000 |
| Resistance | 49,700 and 50,000 |
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