Nifty and Bank Nifty Prediction for Tomorrow 25 Jan 2023
Nifty and Bank Nifty Prediction for Tomorrow 25 Jan 2023: Indian equity market indexes ended flat after a volatile session on Tuesday. The domestic markets erased early gains and ended near their neutral lines despite positive cues from the global markets. Auto, IT, and Consumer Durables closed higher whereas profit booking was witnessed in PSU Bank, Metals, and Pharma sectors.
The market breadth was quite negative. The broader markets underperformed the benchmarks today, as Nifty mid and smallcap declined by 0.39 percent and 0.37 percent respectively. At the close, Sensex ended slightly higher by 0.06 percent while Nifty ended flat to negative on Tuesday. You can read detailed market updates here.
Nifty and Bank Nifty futures price movement for 24 Jan
The Nifty futures price opened at 18210 making a positive opening of 61.85 points today. It has touched an intraday high of 18218.45 and a day’s low of 18100.05
The Nifty futures price has given a movement of 118.4 points today. In the end, it closed lower by 29.25 points or 0.16 percent and ended at 18118.90 levels.
The Bank Nifty futures opened at 43000 It made a positive opening of 138.05 points. The Bank Nifty futures touched an intraday high at 43072 and a day’s low at 42653.60
During the day, the Bank Nifty futures have given a movement of 418.4 points. In the end, it closed lower by 116.75 points or 0.27 percent and closed at 42745.20 levels.
Nifty & Bank Nifty Prediction for Tomorrow 25 Jan 2023 (Jan Expiry)
Nifty Futures Prediction for Tomorrow 25 Jan 2023
Primary Nifty Trend in futures: Negative and volatile
Range-Bound Trend of Nifty Futures: All up Moves Initiates Profit Booking (Sale) @ 18200 whereas All Down Moves Initiates Short Covering (Buy) @ 18050
If the Nifty futures share price Moves Above 18155 and sustains. Then you should Buy with the 1st Target of 18174 during the day with a Stop Loss of 18132 FOR the Target of 18174- 18215- 18245- 18272
If the Nifty futures (Jan Series) share price Moves Below 18092 and is sustained. Then you should Sell with the 1st Target of 18074 for the day with a Stop Loss of 18120. For the Target of 18074- 18038- 18008- 17980
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Bank Nifty Futures Prediction for Tomorrow 25 Jan 2023
Primary Trend of Bank Nifty Futures: Negative and volatile
Range-Bound Trend of Bank Nifty Future: All up Moves Initiates Profit Booking (Sale) @ 42900 whereas All Down Moves Initiates Short Covering (Buy) @ 42500
Suppose the Bank Nifty futures (Jan Series) Moves Above 42865 and sustain, then you should Buy with the 1st Target of 42960 during the day with a Stop Loss of 42725 and the Target of 42960 – 43030- 43130- 43211
If the Bank Nifty futures (Jan Series) Moves Below 42600 and sustain, then you should Sell with the 1st Target of 42525 the day with a Stop Loss of 42700. For the Target of 42525- 42435- 42350- 42285
Global Stock Market Updates
Japan’s Nikkei ended higher on Tuesday with its tech stocks leading the gains after following the overnight rally on Wall Street. Japan’s chip-making companies rose following their US peers and lifted Nikkei on Tuesday. A survey showed that Japan’s services activity continued to perform while manufacturing activity declined in January. The equity markets in China, Hong Kong, Singapore, Malaysia, South Korea, and Taiwan were all closed today on account of the Lunar New Year holiday.
European stock markets are trading lower on Tuesday despite strong gains on Wall Street. The sentiments are subdued as the UK government’s borrowings hit a record high in December, mostly due to the household energy support scheme and high debt interest cost. The US future indexes, Dow and Nasdaq futures are trading lower at 5 pm IST indicating a negative opening for the US markets today.
Conclusion
Indian stock markets closed almost unchanged on Tuesday. Initially, markets opened higher due to strong global cues. Later profit booking in banking stocks at higher levels dragged down the markets, however, the downside was limited as buying was witnessed in some heavyweight stocks.
Tomorrow, markets will remain volatile due to the monthly F&O expiry, as Thursday is a market holiday on account of Republic Day, the monthly F&O expiry is scheduled for Wednesday. You can also follow our Daily Morning Report at 7.30 am for market direction.
Also, read Best Stock Market Books You Must Read-2023
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