In today’s stock market, Sensex gained 115 points, Nifty at 23,200, with auto, IT, and media sectors leading.
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: UltraTech Cement, Grasim Industries, Wipro, Shriram Finance, Eicher Motors
Top Nifty Losers: BPCL, Kotak Mahindra Bank, HCL Technologies, Power Grid Corp, Reliance Industries.
The auto, consumer durables, IT, media, pharma, and realty sectors saw an increase of 1-2%. In contrast, the oil & gas and private bank indices ended the day in the negative.
Nifty Midcap rose nearly 2% and smallcap index was up 1%
Stock Prediction for 24th Jan 2025
| STOCK | Good Above | Weak Below |
| AUROPHARMA | 1245 | 1230 |
| COROMANDEL | 1855 | 1835 |
| INDUSTOWER | 366 | 361 |
| RAMCOCEM | 915 | 907 |
Prediction for Friday NIFTY can go up if it goes above 23,300 or down after the level of 22,200, but it all depends upon the Global cues.
Nifty had a steady trading session today. After opening slightly lower, it rebounded and ended up around 50 points higher. Looking at the daily charts, it’s evident that Nifty has been trading within a range of 23,420 to 23,000 over the past three sessions. A breakout from this range, either upward or downward, will determine the next directional trend. Resistance on the upside is between 22,300 and 22,600, while support on the downside lies in the 22,200 to 22,100 range.
| Highest Call Writing at | 23,300 (1.8 cr) |
| Highest Put Writing at | 22,200 (4.0 cr) |
Nifty Support and Resistance
| Support | 22,200-22,100 |
| Resistance | 22,300-22,600 |
Bank Nifty Daily Chart Prediction
Prediction For Friday, Bank NIFTY can go up if it goes above 49,500 or down after the level of 47,500, but it all depends upon the Global cues.
Banknifty is presently showing a positive trend. If you’re holding long positions, it’s advisable to maintain them with a daily closing stoploss at 48,492. The resistance levels on the upside are between 49,500 and 50,500, while support levels on the downside are in the range of 47,500 to 46,500.
| Highest Call Writing at | 49,500 (30.5 Lakh) |
| Highest Put Writing at | 47,500 (17.6 Lakh) |
Bank Nifty Support and Resistance
| Support | 47,500 to 46,500 |
| Resistance | 49,500 and 50,500 |
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