Nifty Prediction For Today - 27 January 2025

Sachin Gupta Sachin Gupta

Last Updated: 27th January 2025 - 10:41 am

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Nifty Prediction for Today - 27 January 2025

NIFTY corrected ~1% from its mid-day high and closed -0.5%. Sharp falls in DRREDDY and TRENT weighed down the index. While DRREDDY corrected on earnings, TRENT continued its decline. After today’s fall, TRENT has corrected ~30% from its Oct-24 high. Today’s ADR was also weak, with only 19 stocks being in the green. On the other hand, among the gainers were FMCG stocks - HINDUNILVR, BRITANNIA; and EICHERMOT. 

NIFTY continues to struggle to maintain higher levels. It remains firmly rangebound in the 23000-23500 band. RSI has moderated a bit after today’s fall but is not at levels that can increase support for short term rallies. Near term support and resistance levels are 22899/22780 and 23285/23405.

“Corrects sharply from mid-day high”

nifty-chart

 

Bank Nifty Prediction for Today - 27 January 2025

BANK NIFTY finished mixed, dragged down by losses in PNB and INDUSINDBK (-1.8% and -2.1% respectively).  Only 2 stocks closed positively. ICICIBANK and AUBANK, both rising 1%.  Overall, a weak day for the banking index. After briefly crossing 49000 in the recent past, it has struggled to remain at that level and is heading towards 48000 now. Near term support and resistance levels are 47394/47766 and 48969/49342.

bank nifty chart

 

 

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

  NIFTY  SENSEX BANKNIFTY FINNIFTY
Support 1 22899 75527 47766 22239
Support 2 22780 75117 47394 22070
Resistance 1 23285 76854 48969 22788
Resistance 2 23405 77264 49342 22957

 

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