Home » Stock Market Prediction for Nifty & Bank Nifty 20th January 2025

Stock Market Prediction for Nifty & Bank Nifty 20th January 2025

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In today’s stock market, market ended its three-day winning streak, with Nifty at 23,200 and Sensex dropping by 423 points.

Stock Market Nifty Chart Prediction

On January 17, Sensex was down 423.49 points at 76,619.33, and the Nifty was down 108.60 points at 23,203.20. About 1975 shares advanced, 1797 shares declined, and 116 shares remained unchanged.

Top Nifty gainers: BPCL, Reliance Industries, Hindalco Industries, Nestle India and Hindalco Industries
Top Nifty Losers: Infosys, Axis Bank, Shriram Finance, Kotak Mahindra Bank, Wipro

In terms of sectors, IT and Bank indices dropped by 2 points each, while oil & gas, power, FMCG, PSU, capital goods, realty, and metal indices gained 1 point each.

BSE Midcap and Smallcap indices ended flat.

Stock Prediction for 20th Jan 2025

Prediction for Monday NIFTY can go up if it goes above 23,300 or down after the level of 22,750, but it all depends upon the Global cues.

The Nifty continued to face bearish pressure for another session. Market sentiment remains weak as the index fell after hitting resistance at an important moving average. This negative trend may continue in the short term, or as long as the index stays below 23,400. The key resistance is between 23,300 and 23,600, while support is expected between 23,100 and 22,750.

Highest Call Writing at
23,300 (78.5 Lakh)
Highest Put Writing at
22,750 (67.0 Lakh)

Nifty Support and Resistance

Support 23,100 and 22,750
Resistance
23,300 and 23,600

Bank Nifty Daily Chart Prediction

Prediction For Monday, Bank NIFTY can go up if it goes above 48,900 or down after the level of 48,300, 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 48,551 on a daily closing basis. The resistance levels on the upside are between 48,900 and 49,500, while support on the downside is expected around 48,300 to 48,000.

Highest Call Writing at 48,900 (21.0 Lakh)
Highest Put Writing at48,300 (16.6 Lakh)

Bank Nifty Support and Resistance

Support48,300 to 48,000
Resistance
48,900 and 49,500

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