Home ยป Stock Market Prediction for Nifty & Bank Nifty 5th February 2025

Stock Market Prediction for Nifty & Bank Nifty 5th February 2025

In today’s stock market, market surged as Trump announced a pause on tariffs, with the Nifty crossing 23,700 and the Sensex rising by 1,397 points.

Stock Market Nifty Chart Prediction

On February 4, Sensex was up by 1,397.07 points at 78,583.81, and the Nifty was up by 378.20 points at 23,739.25. About 2,426 shares advanced, 1,349 shares declined, and 144 shares remained unchanged.

Top Nifty gainers: Shriram Finance, L&T, Adani Ports, Bharat Electronics, IndusInd Bank
Top Nifty Losers:  Trent, Britannia Industries, Hero MotoCorp, Nestle India and Eicher Motors.

All sectoral indices ended in the green except FMCG, with Nifty PSU Bank, Infra, Energy, and Oil & Gas up by 2 points each.

The Nifty Midcap index gained 1.6%, while the Smallcap index increased by 1%.

Stock Prediction for 5th Feb 2025

Prediction for Wednesday NIFTY can go up if it goes above 23,750 or down after the level of 23,500, but it all depends upon the Global cues.

The Nifty has climbed after retesting a falling wedge pattern, suggesting a potential short-term rally. It has also managed to stay above the key 21EMA on the daily chart. The RSI is showing a bullish crossover and is rising after forming a base, indicating strong momentum. Support levels are at 23,500-23,200, while resistance is between 23,750-23,900.

Highest Call Writing at
23,750 (1.8 crores)
Highest Put Writing at
23,500 (90.0 Lakh)

Nifty Support and Resistance

Support 23,500-23,200
Resistance
23,750-23,900

Bank Nifty Daily Chart Prediction

Prediction For Wednesday, Bank NIFTY can go up if it goes above 50,200 or down after the level of 49,500, but it all depends upon the Global cues.

Bank Nifty is still on a downward trend. Traders with short positions should keep them but set a stop-loss at 48,482 to limit potential losses. If the index goes up, resistance is at 50,200-50,500. Support levels to watch are at 49,500 and 49,000 for possible reversals.

Highest Call Writing at50,200 (14.2 Lakh)
Highest Put Writing at49,500 (12.3 Lakh)

Bank Nifty Support and Resistance

Support49,500 and 49,000
Resistance
50,200-50,500

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