In today’s stock market, Sensex dropped 330 points, Nifty closed below 23,100, and small & midcap indices plunged up to 2.4%.
Stock Market Nifty Chart Prediction
On January 24, The Sensex dropped 329.92 points to 76,190.46, and the Nifty fell 113.15 points to 23,092.20. Market breadth was weak, with 1,018 stocks advancing, 2,764 declining, and 115 unchanged.
Top Nifty gainers: HINDUNILVR, BRITANNIA, EICHERMOT, GRASIM
Top Nifty Losers: DRREDDY, TRENT, M&M, ADANIENT
Nifty Midcap and smallcap index saw a sharp decline, with losses of up to 2.4%.
Stock Prediction for 27th Jan 2025
| STOCK | Good Above | Weak Below |
| EICHERMOT | 5200 | 5150 |
| HINDUNILVR | 2401 | 2370 |
| ICICIBANK | 1222 | 1208 |
| PERSISTENT | 6400 | 6330 |
Prediction for Monday NIFTY can go up if it goes above 23,500 or down after the level of 23,000, but it all depends upon the Global cues.
Nifty experienced a day of high volatility, with selling pressure emerging near the upper end of the broad range of 23,350 to 23,400. This led to a decline, closing 113 points lower. Over the past four sessions, the index has been trading within a wide range of 23,000 to 23,400. On the upside, resistance is seen around 23,500 to 24,000, while support levels lie between 23,000 and 22,000 on the downside.
| Highest Call Writing at | 23,500 (35.2 Lakhs) |
| Highest Put Writing at | 23,000 (18.6 Lakhs) |
Nifty Support and Resistance
| Support | 23,000-22,000 |
| Resistance | 23,500-24,000 |
Bank Nifty Daily Chart Prediction
Prediction For Monday, Bank NIFTY can go up if it goes above 52,000 or down after the level of 47,500, but it all depends upon the Global cues.
Banknifty has shifted into a negative trend in the previous trading session. A short position can be taken in Banknifty with a stop loss at 49,302 on a daily closing basis. Resistance levels are seen around 52,000-52,500, while support lies between 47,500-47,000 on the downside.
| 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 47,000 |
| Resistance | 52,000 and 52,500 |
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