In Stock Market Today, all sectors are in the green as Nifty closed at 21,450 and Sensex rose by 690 points.
Stock Market Nifty Chart Prediction.
On January 24, benchmark indices closed higher in a volatile session, with Nifty surpassing 21,450. The Sensex concluded at 71,060.31, up by 689.76 points (0.98%), while Nifty rose by 215.20 points (1.01%) to 21,454. Among the Nifty gainers were Hindalco Industries, Dr Reddy’s Laboratories, Tata Steel, Power Grid Corporation, and HCL Technologies, while ICICI Bank, Axis Bank, Asian Paints, Adani Ports, and HDFC Life faced losses. Sectors such as auto, Information Technology, capital goods, FMCG, metal, oil & gas, and power showed a 1-2% increase. BSE Midcap and Smallcap indices witnessed nearly a 2% rise each.
Stock Prediction for 25th Jan 2024
| STOCK | Good Above | Weak Below |
| DIVISLAB | 3660 | 3630 |
| GODREJCP | 1174 | 1156 |
| PIDILITIND | 2626 | 2600 |
| TCS | 3875 | 3840 |
Prediction For Thursday NIFTY can go up if it goes above 21540 or down after the level of 21300 but all depends upon the Global cues.
Nifty opened with a gap up, rebounding 215 points, but it’s not under constant selling pressure. It closed sharply higher. Resistance is expected at 21,540 – 21,680, with key hourly moving averages. Divergent signals from price and momentum indicators may lead to high intraday volatility. On the downside, 21,300 – 21,240 is a crucial short-term support.
| Highest Call Writing at | 21540 (1.1 Crores) |
| Highest Put Writing at | 21300 (83.1 Lakhs) |
Nifty Support and Resistance
| Support | 21,300, 21,240 |
| Resistance | 21,540, 21,680 |
Bank Nifty Daily Chart Prediction.
Prediction For Thursday Bank NIFTY can go up if it goes above 45500 or down after the level of 44570 but it all depends upon the Global cues.
Bank Nifty opened with a gap down and then consolidated throughout the day, closing slightly in positive territory. The anticipated resistance for the upcoming period lies within the range of 45,500 – 46,200. Conversely, on the downside, we foresee Bank Nifty trending towards 44,570 – 44,500 as a support from a short-term perspective.
| Highest Call Writing at | 45,500 (48.6 Lakhs) |
| Highest Put Writing at | 44,570 (29.3 Lakhs) |
Bank Nifty Support and Resistance
| Support | 44,570, 44,500 |
| Resistance | 45,500, 46,200 |
Also, check our Article on uses of Greek Analysis in Options Trading
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