Home » Stock Market Prediction for Nifty & Bank Nifty 21st January 2025

Stock Market Prediction for Nifty & Bank Nifty 21st January 2025

In today’s stock market, Sensex gained 454 points, and the Nifty is around 23,350, driven by gains in power, telecom, and financial sectors.

Stock Market Nifty Chart Prediction

On January 20, Sensex was up 454.11 points at 77,073.44, and the Nifty was up 141.55 points at 23,344.75. About 2,399 shares advanced, 1,492 shares declined, and 160 shares remained unchanged.

Top Nifty gainers: Kotak Mahindra Bank, Wipro, Bajaj Finance, NTPC, Bajaj Finserv 
Top Nifty Losers: SBI Life Insurance, Shriram Finance, Trent, HDFC Life, Adani Ports.

All sectors ended in the green except for auto and FMCG, with bank, media, metal, capital goods, PSU, telecom, power, and PSU banks rising by 1-2 percent.

BSE midcap index was up 0.66 percent and smallcap index rose nearly 1 percent.

Stock Prediction for 21st Jan 2025

Prediction for Tuesday NIFTY can go up if it goes above 23,300 or down after the level of 23,100, but it all depends upon the Global cues.

After a volatile start, the market made a strong upward move, closing with a gain of 141.55 points at 23,344.75. The index formed a bullish candle and ended the session near the top of its consolidation range. The key resistance lies between 23,300 and 23,500, while support is expected between 23,100 and 22,800.

Highest Call Writing at
23,300 (91.8 Lakh)
Highest Put Writing at
23,100 (75.7 Lakh)

Nifty Support and Resistance

Support 23,100 and 22,800
Resistance
23,300 and 23,500

Bank Nifty Daily Chart Prediction

Prediction For Tuesday, Bank NIFTY can go up if it goes above 49,500 or down after the level of 48,800, but it all depends upon the Global cues.

Bank Nifty shifted to a positive trend in the previous session. You may consider taking a long position in Bank Nifty with a stop loss at 49,338 on a daily closing basis. The resistance levels on the upside are between 52,000 and 50,000, while support is expected around 48,800 to 48,200 on the downside.

Highest Call Writing at 52,000 (28.4 Lakh)
Highest Put Writing at48,800 (15.2 Lakh)

Bank Nifty Support and Resistance

Support52,000 and 50,000
Resistance
49,500 and 50,000

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