Home » Stock Market Prediction for Nifty & Bank Nifty 31st January 2025

Stock Market Prediction for Nifty & Bank Nifty 31st January 2025

In today’s stock market, Sensex up 227 pts, Nifty at 23,250 on expiry. Real estate & pharma gain, IT & media drop.

Stock Market Nifty Chart Prediction

On January 30, Sensex was up 226.85 points at 76,759.81, and the Nifty was up 86.40 points at 23,249.50. About 2051 shares advanced, 1734 shares declined, and 117 shares were unchanged.

Top Nifty gainers:  Bharat Electronics, Hero MotoCorp, Bharti Airtel, Cipla, Power Grid Corp
Top Nifty Losers:  Tata Motors, Shriram Finance, Adani Enterprises, Bajaj Finserv, Adani Ports.

In sectoral performance, auto, IT, media, and consumer durables dropped by 0.4-2%, while oil & gas, power, pharma, energy, PSU, FMCG, and real estate gained by 0.5-1%.

BSE Midcap and smallcap indices ended flat.

Stock Prediction for 31st Jan 2025

Prediction for Friday NIFTY can go up if it goes above 23,200 or down after the level of 23,100, but it all depends upon the Global cues.

The word expiry is always accompanied by volatility. The Index started steady, trended up, but a sharp afternoon decline wiped out gains. The US Fed’s hawkish stance added pressure, and although the Index broke out of the Falling Wedge, the candlestick pattern remains uncertain. Resistance is at 23,200-23,420, and support at 23,100-22,900.

Highest Call Writing at
23,200 (92.6 Lakh)
Highest Put Writing at
23,100 (1.0 Crore)

Nifty Support and Resistance

Support 23,100-22,900
Resistance
23,200-23,420

Bank Nifty Daily Chart Prediction

Prediction For Friday, Bank NIFTY can go up if it goes above 49,000 or down after the level of 48,400, but it all depends upon the Global cues.

Bank Nifty continues its downward trend. Traders with short positions should maintain them but set a stop-loss at 49,031 for daily closing to limit losses. If the index moves up, resistance is at 49,500-49,800. Support levels are at 49,000 and 48,400, key points to watch for potential reversals.

Highest Call Writing at49,000 (25.2 Lakh)
Highest Put Writing at48,400 (26.9 Lakh)

Bank Nifty Support and Resistance

Support49,000 and 48,400
Resistance
49,500 to 49,800

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