In today’s stock market, Nifty rises above 23,750, Sensex gains 440 points, driven by a strong rally in auto stocks today.
Stock Market Nifty Chart Prediction
On January 1, the Sensex was up 368.40 points at 78,507.41, and the Nifty was up 98.10 points at 23,742.90. About 2642 shares advanced, 1177 shares declined, and 83 shares remained unchanged.
Top Nifty gainers: Maruti Suzuki, M&M, Bajaj Finance, L&T, IndusInd Bank
Top Nifty Losers: Dr Reddy’s Labs, Hindalco Industries, Trent, ONGC, Tata Steel.
Except for realty and metal, all other sectoral indices are in the green, with auto and capital goods indices rising by 1 percent each.
BSE Midcap index up 0.4 percent and smallcap index up 1 percent.
Stock Prediction for 2nd Jan 2025
| STOCK | Good Above | Weak Below |
| AUROPHARMA | 1342 | 1328 |
| HDFCBANK | 1785 | 1764 |
| PETRONET | 347 | 342 |
| TATACHEM | 1056 | 1048 |
Prediction for Thursday NIFTY can go up if it goes above 23,850 or down after the level of 23,560, but it all depends upon the Global cues.
The market began the first day of 2025 on a positive note. The positive divergence in the RSI has been favorable, and for the reversal to continue gaining momentum, the index must break through the resistance zone between 23,850-23,900, where the 200-day moving average (DMA) is located. On the downside, support appears to be at the 23,560-23,400 levels.
| Highest Call Writing at | 23,850 (1.0 crore) |
| Highest Put Writing at | 23,560 (1.1 crore) |
Nifty Support and Resistance
| Support | 23,560-23,400 |
| Resistance | 23,850-23,900 |
Bank Nifty Daily Chart Prediction
Prediction For Thursday, Bank NIFTY can go up if it goes above 51,200 or down after the level of 50,600, but it all depends upon the Global cues.
Indian equity markets started the new year strong, closing 0.5% higher. The index is in its second week of consolidation, with resistance between 51,200-51,700 and support at 50,600-50,000. A stock-specific strategy focusing on stronger momentum is advised.
| Highest Call Writing at | 51,200 (14.9 Lakh) |
| Highest Put Writing at | 50,600 (10.7 Lakh) |
Bank Nifty Support and Resistance
| Support | 50,600-50,000 |
| Resistance | 51,200-51,700 |
Power of Algorithms in Options Trading, Try Spider Now: Register Now
If you’d like to know how we analyze the market and provide accurate levels every day. then click on the Free Demo button below and change your trading life for good. 5X returns are possible in options trading If you have Spider Software in your trading system.
Disclaimer: The information provided in this Blog is for educational purposes only and should not be construed as financial advice. Trading in the stock market involves a significant level of risk and can result in both profits and losses. Spider Software & Team does not guarantee any specific outcome or profit from the use of the information provided in this Blog. It is the sole responsibility of the viewer to evaluate their own financial situation and to make their own decisions regarding any investments or trading strategies based on their individual financial goals, risk tolerance, and investment objectives. Spider Software & Team shall not be liable for any loss or damage, including without limitation any indirect, special, incidental or consequential loss or damage, arising from or in connection with the use of this blog or any information contained herein. 
