Nifty Prediction For Today - 07 February 2025

Sachin Gupta Sachin Gupta

Last Updated: 7th February 2025 - 10:51 am

2 min read
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Nifty Prediction for Today - 07 February 2025

Ahead of RBI’s MPC meeting, NIFTY closed down 0.4%. TRENT was the top loser and was down 8% after delivering inline earnings. Some of the recent performers ONGC and BEL also gave up their gains and figured among the top losers. On the other hand, CIPLA, ADANIPORTS and ITCHOTELS were the top gainers. ADR was moderately bearish with 30 stocks in the red. 

 

MPC meeting and commentary on rate cuts remains the key for near term performance. Technically, NIFTY continues to be in a bullish momentum zone, after having broken through the medium term declining trendline. Near term support and resistance levels are 23371/23226 and 23836/23980.

"A Weak Session Ahead Of MPC Meeting"

nifty-chart

 

Bank Nifty Prediction for Today- 07 February 2025

Bank Nifty was among the rare indices that closed in the green today.  SBIN slumped 1.6% on poor earnings, weighing on the index.  Most other banks saw minor movements.  Overall, a lackluster session. RBI’s MPC meeting remains the key for near term. Near term support and resistance levels are 49743/49347 and 51021/51417.

bank nifty chart

 

 

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

  NIFTY  SENSEX BANKNIFTY FINNIFTY
Support 1 23371 77258 49743 23327
Support 2 23226 76763 49347 23120
Resistance 1 23836 78858 51021 23994
Resistance 2 23980 79354 51417 24200

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