In today’s stock market, Nifty crosses 23,300, Sensex gains 319 points, led by rallies in PSU bank, power, and metals.
Stock Market Nifty Chart Prediction


On January 14, Sensex gained 318.74 points, reaching 77,042.82, while the Nifty rose by 98.60 points, to 23,311.80. Of the total shares, 2,669 advanced, 1,132 declined, and 101 remained unchanged.
Top Nifty gainers: HDFC Life, Shriram Finance, SBI Life Insurance, Bharat Electronics, Adani Ports
Top Nifty Losers: Trent, Tata Consumer, Dr Reddy’s Labs, HCL Tech, Wipro.
All sectoral indices, except for Consumer Durables, IT, FMCG, and Pharma, ended in the positive territory. The metal, media, oil & gas, PSU bank, realty, and auto sectors saw gains ranging from 0.5% to 2.5%.
BSE Midcap index was up 1% and Smallcap indices rose 1.4%
Stock Prediction for 17th Jan 2025
STOCK | Good Above | Weak Below |
ICICIBANK | 1260 | 1248 |
LICI | 848 | 841 |
MCX | 6125 | 6060 |
PAYTM | 902 | 892 |
Prediction for Wednesday NIFTY can go up if it goes above 23,500 or down after the level of 23,200, but it all depends upon the Global cues.
Nifty opened with a gap up and later consolidated throughout the day, closing with a gain of around 99 points. Following a sharp decline, the Nifty has entered a counter-trend pullback phase. The breakout above the range established in the last three trading sessions suggests that the upward movement may continue, potentially reaching levels between 23,500 and 25,630. Key resistance lies between 23,500 and 23,800, while support is expected between 23,200 and 23,000.
Highest Call Writing at | 23,500 (2.8 cr) |
Highest Put Writing at | 23,200 (2.4 cr) |
Nifty Support and Resistance
Support | 23,200 and 23,000 |
Resistance | 23,500 and 23,800 |
Bank Nifty Daily Chart Prediction


Prediction For Wednesday, Bank NIFTY can go up if it goes above 49,500 or down after the level of 45,000, but it all depends upon the Global cues.
Bank Nifty shifted into a positive trend during the previous trading session. You may consider taking a long position in Bank Nifty with a stop loss at 48,492 on a daily closing basis. The resistance levels on the upside are between 49,500 and 50,500, while support on the downside is expected around 49,000 to 48,500.
Highest Call Writing at | 49,500 (26.8 Lakh) |
Highest Put Writing at | 49,000 (14.6 Lakh) |
Bank Nifty Support and Resistance
Support | 49,000 and 48,500 |
Resistance | 49,500 and 50,500 |
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