In today’s stock market, Nifty climbs to 23,150 points, Sensex jumps 600 points higher; IT stocks shine bright today.
Stock Market Nifty Chart Prediction
On January 23, Sensex was up 566.63 points at 76,404.99, and the Nifty was up 130.70 points at 23,155.35. About 1,110 shares advanced, 2,677 shares declined, and 107 shares remained unchanged.
Top Nifty gainers: Wipro, Infosys, TCS, Tech Mahindra, Sun Pharma
Top Nifty Losers: Bharat Electronics, Tata Motors, Trent, Axis Bank and Power Grid.
Nifty IT index gained 2%, pharma and private banks rose 0.5% each, while realty fell 4.5%. Media, metal, energy, consumer durables, oil & gas, and PSU banks dropped 0.5-1.5%.
Nifty Midcap and Smallcap indices down 1.5 percent each.
Stock Prediction for 23rd Jan 2025
| STOCK | Good Above | Weak Below |
| LUPIN | 2155 | 2132 |
| MCX | 5750 | 5665 |
| MUTHOOTFIN | 2210 | 2185 |
| TECHM | 1681 | 1661 |
Prediction for Thursday NIFTY can go up if it goes above 23,180 or down after the level of 23,000, but it all depends upon the Global cues.
On Wednesday, Nifty found support near its previous low of 22,980 and formed a hammer tweezer bottom on the daily chart, suggesting a possible recovery toward 23,350. The chart shows a Hammer pattern with potential RSI positive divergence. Key resistance lies at 23,180-23,340, and support is at 23,000-22,700.
| Highest Call Writing at | 23,180 (1.1 cr) |
| Highest Put Writing at | 23,000 (1.1 cr) |
Nifty Support and Resistance
| Support | 23,000-22,700 |
| Resistance | 23,180-23,340 |
Bank Nifty Daily Chart Prediction
Prediction For Thursday, Bank NIFTY can go up if it goes above 48,500 or down after the level of 48,000, but it all depends upon the Global cues.
Bank Nifty shifted to a positive trend in the previous session, showing signs of upward movement. You may consider taking a long position in Bank Nifty, with a stop loss set at 48,074 on a daily closing basis to manage risk. On the upside, resistance levels are between 48,500 and 49,200, and on the downside, support is expected around 48,000 to 47,500.
| Highest Call Writing at | 48,500 (29.7 Lakh) |
| Highest Put Writing at | 48,000 (16.9 Lakh) |
Bank Nifty Support and Resistance
| Support | 48,000 to 47,500 |
| Resistance | 48,500 and 49,200 |
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