In today’s stock market, Sensex closed 110 points lower on the final trading day of 2024, while the Nifty ended above 23,650.
Stock Market Nifty Chart Prediction
On December 31, Sensex dropped 21.66 points to 78,226.47, while the Nifty gained 13.25 points, closing at 23,658.15. Market breadth was positive, with 2,120 shares advancing, 1,370 shares declining, and 64 shares remaining unchanged.
Top Nifty gainers: BEL, ONGC, KOTAKBANK, TRENT, COALINDIA
Top Nifty Losers: ADANIENT, TCS, INFY, TECHM, SBILIFE
BSE Midcap index is trading flat while smallcap index up 0.13 percent.
Stock Prediction for 1st Jan 2025
| STOCK | Good Above | Weak Below |
| AUROPHARMA | 1342 | 1328 |
| HDFCBANK | 1785 | 1764 |
| PETRONET | 347 | 342 |
| TATACHEM | 1056 | 1048 |
Prediction for Wednesday NIFTY can go up if it goes above 23,900 or down after the level of 23,650, but it all depends upon the Global cues.
After showing weakness from the highs on Monday, the Nifty showed an upside recovery from the lows on Tuesday and closed the day higher by 13 points. After opening on a negative note, the market slipped into further weakness in the early part of the session. A small positive candle was formed on the daily chart with minor upper and lower ranges. The crucial 200-day EMA is in the spotlight again. Resistance is seen between 23,700 and 23,900, while support is between 23,250 and 23,000.
| Highest Call Writing at | 23,700 (96.2 Lakh) |
| Highest Put Writing at | 23,250 (70.2 Lakh) |
Nifty Support and Resistance
| Support | 23,250 and 23,000 |
| Resistance | 23,700 and 23,900 |
Bank Nifty Daily Chart Prediction
Prediction For Wednesday, Bank NIFTY can go up if it goes above 51,500 or down after the level of 50,980, but it all depends upon the Global cues.
A bearish candle with an upper shadow formed on the daily chart, suggesting a potential downside breakout from the current range. This is a concerning sign and could indicate further weakness in the market. Resistance is seen between 51,000 and 51,400, which may act as a selling pressure zone. On the downside, support is found in the range of 50,400 to 50,000. Traders should keep a close eye on these levels for any breakouts or rebounds.
| Highest Call Writing at | 51,000 (15.6 Lakh) |
| Highest Put Writing at | 50,400 (11.2 Lakh) |
Bank Nifty Support and Resistance
| Support | 51,000 and 51,400 |
| Resistance | 50,400 to 50,000 |
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