Nifty Prediction For Today - 21 January 2025

Sachin Gupta Sachin Gupta

Last Updated: 21st January 2025 - 10:32 am

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Nifty Prediction for Today - 21st January 2025

NIFTY closed positive, driven by strong gains in KOTAKBANK (+9.2%) and WIPRO (+6.5%). Both stocks surged after strong earnings. On the other hand, SBILIFE corrected 2.8% after weak earnings. Today’s Advance Decline ratio was marginally positive at 1.3, reflecting a reasonably broad-based strength in the market. 

Supported by earnings, NIFTY has shown signs of consolidation at 23250. However, RSI has come off its recent low. Also, the fall in INR continues to be a worry. Traders should continue to be cautious before building long positions aggressively. Near term support and resistance levels are 23066/22894 and 23623/23795.

“Buoyed by Earnings”

nifty-chart

 

Bank Nifty Prediction for Today - 21st January 2024

BANKNIFTY gained 1.7%, fueled by KOTAKBANK's impressive 9.2% surge.  Most other banking stocks showed more moderate gains. AXISBANK bucked the trend, dipping 0.2%. Overall, a positive session for the index as it reclaims 49000.  Near term support and resistance levels are 47909/48460 and 50242/50793.

bank nifty chart

 

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

  NIFTY  SENSEX BANKNIFTY FINNIFTY
Support 1 23066 76171 48460 22528
Support 2 22894 75613 47909 47909
Resistance 1 23623 77976 50242 23325
Resistance 2 23795 78534 50793 23572

 

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