In today’s stock market, Nifty is at 23,050, and the Sensex has dropped by 1,100 points. All sectors are showing losses.
Stock Market Nifty Chart Prediction
On January 21, Sensex was down 1,235.08 points at 75,838.36, and the Nifty was down 320.10 points at 23,024.65. About 1,019 shares advanced, 2,552 shares declined, and 79 shares remained unchanged.
Top Nifty gainers: Apollo Hospitals, BPCL, Tata Consumer, JSW Steel, Shriram Finance.
Top Nifty Losers: Trent, Adani Ports, NTPC, ICICI Bank, SBI
All sectoral indices ended in the red, with Consumer Durables and Realty sectors falling by 4% each. The Bank, Power, Telecom, and Capital Goods sectors were down by 2% each.
BSE Midcap and smallcap indices shed 2 percent each.
Stock Prediction for 22nd Jan 2025
| STOCK | Good Above | Weak Below |
| APOLLOHOSP | 6950 | 6875 |
| HINDPETRO | 371 | 366 |
| JKCEMENT | 4624 | 4575 |
| TATACONSUM | 976 | 968 |
Prediction for Wednesday NIFTY can go up if it goes above 23,400 or down after the level of 23,000, but it all depends upon the Global cues.
The Nifty opened higher but couldn’t hold onto the gains and ended the day down by around 320 points. The market saw significant volatility, with the bears dominating the session. The index formed a large bearish candle, breaking its range and signaling a stronger bearish trend. The key resistance levels are between 23,400 and 23,600, while support is expected between 23,000 and 22,800.
| Highest Call Writing at | 23,000 (85.7 Lakh) |
| Highest Put Writing at | 23,400 (62.5 Lakh) |
Nifty Support and Resistance
| Support | 23,000 and 22,800 |
| Resistance | 23,400 and 23,600 |
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 48,500, 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 48,623 on a daily closing basis. The resistance levels on the upside are between 49,500 and 50,000, while support is expected around 48,500 to 48,000 on the downside.
| Highest Call Writing at | 49,500 (25.4 Lakh) |
| Highest Put Writing at | 48,500 (30.2 Lakh) |
Bank Nifty Support and Resistance
| Support | 48,500 to 48,000 |
| Resistance | 49,500 and 50,000 |
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