Nifty Prediction For Today - 20 January 2025

Sachin Gupta Sachin Gupta

Last Updated: 20th January 2025 - 11:07 am

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Nifty Prediction for Today - 20th January 2025

NIFTY closed weak today, led by gains in Metals and Energy stocks. BPCL, RELIANCE, COALINDIA and HINDALCO topped gainers. INFY and AXISBANK were a key drag as they fell 5.75% and 4.5% respectively on poor earnings. Despite the fall in NIFTY, Advance Decline Ratio was positive at 1.3. 

Near term momentum has improved after last week’s fall. Today’s moderation comes after three consecutive days of gains for the NIFTY. RSI levels are low enough to support consolidation and minor rallies. Near term support and resistance levels are 22925/22753 and 23482/23654.

“Dragged by poor earnings from INFY and AXISBANK”

nifty-chart

 

Bank Nifty Prediction for Today - 20th January 2024

Bank Nifty corrected sharply today, dragged down by AXISBANK's -4.5% slump. Other heavyweights, KOTAKBANK & ICICIBANK also corrected sharply. Bearishness was across the board as 9 out of the 12 stocks closed in the red. Near term support and resistance levels are 47650/47099 and 49431/49982.

bank nifty chart

 

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

  NIFTY  SENSEX BANKNIFTY FINNIFTY
Support 1 22925 75717 47650 22210
Support 2 22753 75159 47099 21963
Resistance 1 23482 77522 49431 23007
Resistance 2 23654 78080 49982 23253

 

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