Nifty Prediction For Today- 06 February 2025

Sachin Gupta Sachin Gupta

Last Updated: 6th February 2025 - 10:58 am

Listen icon

Nifty Prediction for Today- 06 February 2025

Nifty fell a modest 0.2%, with a diverging performance amongst the constituents. ADR was 0.5 suggesting that exactly half of the index constituents were down. Once again, the declines were seen mostly in consumption names that had rallied after the budget.

Among the top gainers were Metals & Oil majors – HINDALCO, BPCL and ONGC. While the NIFTY was marginally weak, the midcap indices fared much better. For instance, NIFTY MIDCAP SELECT was up 0.7%. 

After an inspiring rally over the past week, NIFTY exhibited a pause and closed marginally below 23700. Further weakness in INR and the macro headwinds from unpredictable Trump tariffs warrants caution.

However, the near-term momentum remains strong and continues to favor upmoves. Near term support and resistance levels are 23309/23458 and 23939/24088.

"NIFTY takes a breather"

nifty-chart

 

Bank Nifty Prediction for Today- 06 February 2025

Bank Nifty saw mixed action today. BANKBARODA and CANBK powered gains, up 3.3% and 3.1% respectively.  However, SBIN's 1.8% drop, along with weak KOTAKBANK and AUBANK, tempered overall enthusiasm.

BANKNITY has broken through the medium term declining trend line and continues to benefit from positive momentum. However, RSI is approaching overbought levels and may result in pullbacks. Near term support and resistance levels are 49291/49682 and 50946/51337.

bank nifty chart

 

 

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

  NIFTY  SENSEX BANKNIFTY FINNIFTY
Support 1 23458 77458 49682 23317
Support 2 23309 76952 49291 23109
Resistance 1 23939 79095 50946 23989
Resistance 2 24088 79602 51337 24196
Stay Ahead in the Market Game!
Unlock expert perspectives to shape your investment strategy.
  • Performance Analysis
  • Nifty Predictions
  • Market Trends
  • Insights on Market
+91
''
 
By proceeding, you agree to our T&Cs*
Mobile No. belongs to
hero_form

Market Outlook Related Articles

Disclaimer: Investment in securities market are subject to market risks, read all the related documents carefully before investing. For detailed disclaimer please Click here.

Open Free Demat Account

Be a part of 5paisa community - The first listed discount broker of India.

+91

By proceeding, you agree to all T&C*

footer_form