In today’s stock market, market continues to drop, with the Sensex falling by 1,000 points and the Nifty going below 23,100.
Stock Market Nifty Chart Prediction
On January 13, Sensex dropped by 1,048.90 points to reach 76,330.01, while the Nifty fell by 345.55 points to settle at 23,085.95. Out of the total shares, 533 advanced, 3,414 declined, and 131 remained unchanged.
Top Nifty gainers: TCS, Reliance Industries, IndusInd Bank, Axis Bank and HUL.
Top Nifty Losers: Trent, Adani Enterprises, Bharat Electronics, BPCL, Adani Ports
All sectoral indices closed lower, with the realty index dropping by 6.5%, and oil & gas, capital goods, power, PSU, metal, and media sectors falling by 3-4%.
The BSE midcap and smallcap indices shed 4 percent each.
Stock Prediction for 14th Jan 2025
| STOCK | Good Above | Weak Below |
| AXISBANK | 1050 | 1040 |
| BHARTIARTL | 1600 | 1580 |
| BIOCON | 368 | 362 |
| TITAN | 3400 | 3364 |
Prediction for Tuesday 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.
Bears continued to dominate as the Nifty broke through important levels. The index fell below its previous low on the daily chart, suggesting growing bearishness. However, it managed to stay above the 23,000 mark, which remains a key level to monitor. If the Nifty holds above 23,000 in the coming days, it could indicate a possible recovery. On the other hand, a strong drop below this level could lead to a deeper decline. Support levels are between 23,000 and 22,750, while resistance is expected around 23,300 and 23,500.
| Highest Call Writing at | 23,000 (1.1 cr) |
| Highest Put Writing at | 23,300 (95.0 Lakh) |
Nifty Support and Resistance
| Support | 23,000 and 22,750 |
| Resistance | 23,300 and 23,500 |
Bank Nifty Daily Chart Prediction
Prediction For Tuesday, Bank NIFTY can go up if it goes above 48,500 or down after the level of 47,900, but it all depends upon the Global cues.
Traders may consider buying with a stop-loss set at 48,050 based on the daily closing price. Immediate support is at 47,900 and 47,500, which could help prevent further declines. On the upside, resistance levels to watch are 48,500 and 49,000, 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 | 47,900 (27.0 Lakh) |
| Highest Put Writing at | 48,500 (14.1 Lakh) |
Bank Nifty Support and Resistance
| Support | 47,900 and 47,500 |
| Resistance | 48,500 and 49,000 |
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