In today’s stock market, Nifty slipped below 22,850, while the Sensex dropped by 824 points, with all sectors closing in negative territory.
Stock Market Nifty Chart Prediction
On January 27, Sensex was down 824.29 points at 75,366.17, and the Nifty was down 263.05 points at 22,829.15. About 541 shares advanced, -3399 shares declined, and 115 shares unchanged.
Top Nifty gainers: ICICI Bank, Britannia Industries, M&M, HUL and SBI
Top Nifty Losers: HCL Technologies, Tech Mahindra, Wipro, Hindalco Industries, Shriram Finance.
All sectoral indices closed in negative territory, with the Media index dropping 4.7%, while the IT index fell 3.4%. Additionally, the oil & gas, metal, consumer durables, pharma, and energy sectors each declined by 2%.
BSE Midcap index fell 2.7% and smallcap index slipped 3.5%.
Stock Prediction for 28th Jan 2025
| STOCK | Good Above | Weak Below |
| BHARTIARTL | 1615 | 1595 |
| INDIGO | 4200 | 4150 |
| LT | 3485 | 3450 |
| TORNTPHARM | 3355 | 3315 |
Prediction for Tuesday NIFTY can go up if it goes above 23,500 or down after the level of 22,500, but it all depends upon the Global cues.
Nifty opened with a gap down and maintained a bearish trend throughout the day, ending with a loss of approximately 263 points. On the daily charts, it has broken below a two-week consolidation range, indicating the continuation of its downward trend. Resistance on the upside is seen at 23,500-24,000, while support on the downside lies at 22,500-22,000.
| Highest Call Writing at | 23,500 (1.3 Crore) |
| Highest Put Writing at | 22,500 (1.0 Crore) |
Nifty Support and Resistance
| Support | 22,500-22,000 |
| Resistance | 23,500-24,000 |
Bank Nifty Daily Chart Prediction
Prediction For Tuesday, 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.
Bank Nifty remains in a bearish trend. Traders holding short positions are advised to maintain them with a daily closing stop-loss at 48,825. Resistance on the upside is positioned at 49,000-50,000, while support on the downside is around 47,500-47,000.
| Highest Call Writing at | 49,000 (35.6 Lakh) |
| Highest Put Writing at | 47,500 (26.3 Lakh) |
Bank Nifty Support and Resistance
| Support | 47,500 to 47,000 |
| Resistance | 49,000 and 50,000 |
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