Market Prediction For 17 March 2025

resr 5paisa Research Team

Last Updated: 13th March 2025 - 05:21 pm

2 min read
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Nifty Prediction for 17 March 2025

NIFTY opened the day in positive territory, buoyed by softer inflation numbers in US and India. However, it lost ground during the day and ended -0.33%. Except Banking, all sectoral indices were in the red. Market breadth was weak as 38 of the index stocks declined. Midcap and Smallcap stocks performed worse. Their respective indices were down ~1% for the day. Among NIFTY stocks, BEL, CIPLA, SBIN and ICICIBANK were the best performers. On the other hand, SHRIRAMFIN, HEROMOTOCO, TATAMOTORS, HDFCLIFE & INDUSINDBK were the top losers. 
 

"Nifty Prediction for 17th March !"

Nifty Prediction 17 mar 2025

NIFTY hovered near 22500 for the past five days; and showed buying support below those levels for the past two days. However, after today’s weak performance to hold that level, momentum has incrementally turned negative. Macro worries continue to have an overarching influence. Near term support and resistance levels are 24465/24269 and 25097/25293.

Bank Nifty Prediction for 17 March 2025

Bank Nifty Outlook 17 Mar 2025

Bank Nifty was the only sectoral index that closed positive for the day. Surprisingly, the advance decline ratio was bearish as 7 of the index stocks declined. However, gains by heavyweights - SBIN (0.68%) and ICICIBANK(0.38%) – were the key reason behind its gains. INDUSINDBK & IDFCFIRSTB were the top losers. IDFCFIRSTB continues to decline on broker downgrades and continued worries over its financial performance. Once again, BANKNIFTY has bounced from near 48000 levels. However, unlike the recent past, the pace of bounce is moderate as RSI’s slope has not improved. Near term support and resistance levels are 47682/47448 and 48439/48673.

 

Intraday levels  for Nifty, Bank Nifty Levels and  FINNIFTY Levels:

  NIFTY  SENSEX BANKNIFTY FINNIFTY
Support 1 22171 73094 47682 23145
Support 2 22032 72639 47448 23055
Resistance 1 22623 74564 48439 23435
Resistance 2 22763 75019 48673 23525
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