Home » Stock Market Prediction for Nifty & Bank Nifty 23rd April 2025

Stock Market Prediction for Nifty & Bank Nifty 23rd April 2025

In today’s stock market, Sensex rises for the sixth consecutive session, closing over 150 points up; Nifty ends above the 24,100 mark.

Stock Market Nifty Chart Prediction

On April 22, Sensex was up 187.09 points at 79,595.59, and the Nifty was up 41.70 points at 24,167.25. About 2389 shares advanced, 1453 shares declined, and 137 shares unchanged.

Top Nifty gainers: HDFC Bank, Waaree Energies, Mahindra Logistics, ITC, HUL, M&M
Top Nifty Losers: Sun Pharma, SBI, NTPC, Bharti Airtel, Adani Port.

Benchmark indices Sensex and Nifty marked their sixth consecutive day of gains, with broader markets delivering even stronger performance. The rally was primarily driven by financial and metal sector stocks.

Midcap and Smallcap indices gained 0.8% each

Stock Prediction for 23rd April 2025

Prediction for Wednesday NIFTY can go up if it goes above 24,400 or down after the level of 24,000, but it all depends upon the Global cues.

Nifty began the session on a positive note but quickly dipped into weakness after the initial rise. Although it managed to recover from the day’s lows, the index couldn’t maintain higher levels and moved into slight weakness within a limited range by the close. A small red candle appeared on the daily chart near the swing highs, suggesting the formation of a doji or high wave candle pattern. This reflects uncertainty among buyers at elevated levels. Technically, resistance lies in the 24,400–25,000 zone, while support is placed between 24,000 and 23,300.

Highest Call Writing at
24,400 (1.3 crore)
Highest Put Writing at
24,000 (1.1 crore)

Nifty Support and Resistance

Support 24,000 to 23,300
Resistance
24,400 and 25,000

Bank Nifty Daily Chart Prediction

Prediction For Wednesday, BANKNIFTY can go up if it goes above 56,000 or down after the level of 55,000, but it all depends upon the Global cues.

Bank Nifty continues to maintain a positive trend. Traders holding long positions can consider staying invested, with a daily closing stop-loss set at 54,094. On the higher side, resistance is expected in the 56,000 to 57,000 range, while key support levels are seen between 55,000 and 53,000.

Highest Call Writing at56,000 (19.3Lakh)
Highest Put Writing at55,000 (19.2 Lakh)

Bank Nifty Support and Resistance

Support 55,000 and 53,000
Resistance
56,000 to 57,000

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