In today’s stock market, Sensex drops by 200 points, and Nifty falls below 23,450; IT sector performs well.
Stock Market Nifty Chart Prediction
On January 10, the Sensex was down 241.30 points at 77,378.91, and the Nifty was down 95 points at 23,431.50. About 777 shares advanced, 3048 shares declined, and 87 shares remained unchanged.
Top Nifty gainers: TCS, Tech Mahindra, Wipro, Infosys, HCL Technologies
Top Nifty Losers: Shriram Finance, IndusInd Bank, Adani Enterprises, NTPC and Bharat Electronics.
Except for IT, all other sectoral indices ended lower, with power, PSU, realty, healthcare, and PSU Bank dropping by 2 points each.
BSE midcap index shed 1.2 percent and smallcap index slipped 2.4 percent.
Stock Prediction for 13th Jan 2025
| STOCK | Good Above | Weak Below |
| ASTRAL | 1572 | 1555 |
| BATAINDIA | 1430 | 1415 |
| INFY | 1980 | 1958 |
| SBILIFE | 1485 | 1470 |
Prediction for Monday NIFTY can go up if it goes above 23,500 or down after the level of 23,350, but it all depends upon the Global cues.
The market remains under strain, with even minor pullbacks attracting selling pressure. It continued its downward movement, closing nearly half a percent lower. With no clear indication of a trend reversal, especially in the banking index, traders are advised to consider shorting opportunities during rebounds. The support levels are between 23,350 and 23,000, while resistance is anticipated around 23,500 and 23,200.
| Highest Call Writing at | 23,500 (91.6 Lakh) |
| Highest Put Writing at | 23,350 (81.6 Lakh) |
Nifty Support and Resistance
| Support | 23,350 and 23,000 |
| Resistance | 23,500 and 23,200 |
Bank Nifty Daily Chart Prediction
Prediction For Friday, Bank NIFTY can go up if it goes above 48,700 or down after the level of 49,400, but it all depends upon the Global cues.
Traders may consider buying with a stop-loss set at 48,772 based on the daily closing price. Immediate support is at 48,700 and 48,500, which could help prevent further declines. On the upside, resistance levels to watch are 49,400 and 49,800, which could signal potential breakouts. Traders should closely monitor these levels to make well-informed decisions about when to enter and exit the market.
| Highest Call Writing at | 48,700 (26.7 Lakh) |
| Highest Put Writing at | 49,400 (49.7 Lakh) |
Bank Nifty Support and Resistance
| Support | 48,700 and 48,500 |
| Resistance | 49,400 and 49,800 |
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