In today’s stock market, Nifty is above 23,150, and Sensex rises by 650 points as investors await the Fed’s decision.
Stock Market Nifty Chart Prediction
On January 29, Sensex was up 631.55 points at 76,532.96, and the Nifty was up 205.85 points at 23,163.10. About 2,874 shares advanced, 937 shares declined, and 96 shares remained unchanged.
Top Nifty gainers: Shriram Finance, Bharat Electronics, Wipro, Tata Motors, SBI Life
Top Nifty Losers: Asian Paints, Maruti Suzuki, BPCL, Britannia Industries, ITC
In terms of sectors, media, capital goods, IT, metal, and real estate gained 2-3 percent, while auto, banking, pharma, and oil & gas rose by 0.5-1.5 percent. The FMCG sector saw a 0.5 percent decline.
BSE Midcap index added 2.5 percent and Smallcap indices rose 3.2 percent.
Stock Prediction for 30th Jan 2025
| STOCK | Good Above | Weak Below |
| BATAINDIA | 1272 | 1260 |
| COROMANDEL | 1790 | 1770 |
| SBILIFE | 1475 | 1460 |
| SRF | 2678 | 2652 |
Prediction for Thursday NIFTY can go up if it goes above 23,100 or down after the level of 23,000, but it all depends upon the Global cues.
The Nifty rose after two days of decline, but overall weakness may continue as it remains below the 21EMA. Immediate support is at 23,000, and a drop below that could cause panic. If it moves above 23,200, it could gain strength. The RSI shows positive divergence, and the index is nearing a breakout from a Falling Wedge pattern, which could push it to 23,550. Resistance levels are at 23,100-23,380, while support is at 23,000-22,800.
| Highest Call Writing at | 23,100 (1.3 Crore) |
| Highest Put Writing at | 23,000 (1.2 Crore) |
Nifty Support and Resistance
| Support | 23,000-22,800 |
| Resistance | 23,100-23,380 |
Bank Nifty Daily Chart Prediction
Prediction For Thursday, Bank NIFTY can go up if it goes above 49,160 or down after the level of 48,800, but it all depends upon the Global cues.
Bank Nifty is continuing its downward trend. Traders who have short positions should maintain them, but they should set a stop-loss at 48,849 for daily closing to limit potential losses. If the index moves upward, resistance can be expected at levels of 49,160 to 49,500. On the downside, support levels are around 48,800 and 48,200, which could act as key points to watch for any potential reversals.
| Highest Call Writing at | 49,160 (34.4 Lakh) |
| Highest Put Writing at | 48,800 (19.9 Lakh) |
Bank Nifty Support and Resistance
| Support | 48,800 and 48,200 |
| Resistance | 49,160 to 49,500 |
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