Bank Nifty prediction today

BANK NIFTY

As on 13 Jan, 2025 04:14pm.

48041.25

-692.90 ( -1.42 %)

*As mandated by Exchange & other statutory authorities, the data feeds are delayed by 15 mins.

Range

Daily

52 Weeks

Low

High

47898.35

48606.35

Open

48264.25

Prev.Close

48734.15

Volume

168780899

Short term - Technical Outlook
Bank Nifty is currently trading within a descending channel on the 4-hour chart. In the last session, it closed at 48,041.25, down by 692.90 points. Bank Nifty broke down from the support range of the descending channel at the 49,200–49,400 level.

FIIs continued their selling spree, offloading 4,892.84 crore in the last session, adding to the pressure on the market. DIIs, however, provided some support by purchasing 8,066.07 crore. For the month so far, FIIs have sold a total of 26,250.30 crore, while DIIs have bought 32,281.94 crore. The sell-off was driven by global factors such as rising U.S. bond yields, which are near a six-month high, and strong U.S. jobs data hinting at fewer Fed rate cuts. Additionally, higher crude oil prices and rupee depreciation added to the negative sentiment. Concerns over slowing domestic earnings growth also weighed on the market.

India's WPI inflation data for December is set to be released today, which could impact market sentiment. Key upcoming events, including the Union Budget on February 1 and the ongoing Q3 corporate results, are likely to influence market trends.
Another momentum is expected above 48,360 and below 47,880. Holding below 49,000 will add further negativity to Bank Nifty.
Short term Research Report Call
Buy above 48,360, with targets of 48,730, 49,100, and 49,400.stop loss at 48,100.
Sell below 47,770, with targets of 47,500, 47,000, and 46,500.stop loss at 48,000.
Short term Chart

Long term - Technical Outlook
Bank Nifty is currently trading within a descending channel on the 4-hour chart. In the last session, it closed at 48,041.25, down by 692.90 points. Bank Nifty broke down from the support range of the descending channel at the 49,200–49,400 level.

FIIs continued their selling spree, offloading 4,892.84 crore in the last session, adding to the pressure on the market. DIIs, however, provided some support by purchasing 8,066.07 crore. For the month so far, FIIs have sold a total of 26,250.30 crore, while DIIs have bought 32,281.94 crore. The sell-off was driven by global factors such as rising U.S. bond yields, which are near a six-month high, and strong U.S. jobs data hinting at fewer Fed rate cuts. Additionally, higher crude oil prices and rupee depreciation added to the negative sentiment. Concerns over slowing domestic earnings growth also weighed on the market.

India's WPI inflation data for December is set to be released today, which could impact market sentiment. Key upcoming events, including the Union Budget on February 1 and the ongoing Q3 corporate results, are likely to influence market trends.
Another momentum is expected above 48,360 and below 47,880. Holding below 49,000 will add further negativity to Bank Nifty.
Long term Research Report Call
Buy above 48,360, with targets of 48,730, 49,100, and 49,400.stop loss at 48,100.
Sell below 47,770, with targets of 47,500, 47,000, and 46,500.stop loss at 48,000.
Long term Chart

Market View

January 13th 2025

Market View

Resistance 48,500

Market View

Support 48,000

FII & DII Activities

Particular

FIIs

DIIs

Net Purchase/ Sales (Cr)

10 Jan 2025

-2,254.68

+3,961.92

MTD-May (Cr)

January

-21,357.46

+24,215.87

India's benchmark equity indices, BSE Sensex and Nifty50, opened sharply lower on Monday, weighed down by global headwinds.  At the opening bell, the BSE Sensex was down 800.29 points (1.03%) at 76,578.62, while the Nifty50 slipped 218.40 points (0.93%) to 23,213.10.  

Indian markets are likely to remain under pressure on Monday following a stronger-than-expected US payrolls report, which led to a decline in Wall Street indices on Friday and a rise in Treasury yields. This development has cast doubt on the US Federal Reserve's ability to cut interest rates in the near future.

Global Market

January 14th 2025

NASDAQ

USA

19,087.82

-73.81   -0.39

14th January

Dow Jones

USA

42,275.27

-21.85   -0.05

14th January

FTSE

UK

8,224.19

-24.3   -0.3

13th January

DAX

GERMAN

7,408.64

-22.4   -0.3

13th January

GIFT Nifty

Singapore

23,269

139.5   0.6

14th January

NIKKEI 225

Japan

38,469.58

-720.82   -1.84

14th January

Shanghai

China

3,202.93

42.17   1.33

14th January

S&P 500

USA

5,836.22

9.18   0.16

14th January

Market at Closing

January 13th 2025

Top Gainers

TCS

4,299

33.35  0.78

INDUSINDBK

943

5.4  0.58

AXISBANK

1,045.5

4.8  0.46

HINDUNILVR

2,445.1

3.05  0.12

Top Losers

ADANIENT

2,227

-147.4  -6.21

TRENT

6,228.5

-355.6  -5.4

BPCL

265.45

-12.2  -4.39

BEL

259.15

-11.85  -4.37

Technicals

Pivot Advanced Levels

Buy Above

48295.26

R1

48451.02

R2

48613.86

R3

48904.14

Stop Loss

48111.18

Pivot

48181.98

(All values are in INR)

Sell Below

48068.70

S1

47912.94

S2

47750.10

S3

47459.82

Stop Loss

48252.78

Pivot Basic Levels

R4R3R2R1PivotS1S2S3S4
Classic

49457.25

49173.62

48889.98

48465.62

48181.98

47757.62

47473.98

47049.62

46625.25

Woodie

50270.80

49103.25

48854.80

48395.25

48146.80

47687.25

47438.80

46979.25

46022.80

Camarilla

48430.65

48235.95

48171.05

48106.15

48181.98

47976.35

47911.45

47846.55

47651.85

Moving Averages

Bullish

Bearish

EMA

SMA

5 Day

45257.75

10 Day

44614.77

20 Day

44260.93

50 Day

43420.60

100 Day

42595.02

200 Day

41381.93

Momentum Oscillators

Stoch RSI

50.00

ROC

-6.37

Ultimate

31.18

Williams

-96.50

CCI

-171.76

Stochastic

3.36

RSI

53.57

Bullish

3

Bearish

1

Neutral

3

Trend Oscillators & Volatility

ATR

405.39

Low Volatility

MACD

167.48

Bullish

Bullish

1

Bearish

0

Neutral

0

Nifty Stock List

Stock NameCMPChange (%)Market Cap (Cr.)SectorPiotroski Score
HDFCBANK

1630.85

-1.5633

1246751.94

Banks

3 / 9

HDFCBANK

604.5

1.0616

1246751.94

Banks

3 / 9

ICICIBANK

1229.75

-1.6082

868789.728

Banks

8 / 9

SBIN

729.5

-1.85

651140.268

Banks

5 / 9

KOTAKBANK

1738.4

-1.0136

345594.3

Banks

6 / 9

Disclaimer: Investment in securities/commodities market subject to market risk, read all the related documents carefully before investing/trading.

Analyst Certification: I/We, Ayushi Jain Research Analyst, authors, and the name subscribed to this report, hereby certify that all the views expressed in this research report accurately reflect our views about the subject issuer(s) or securities. We also certify that no part of our compensation was, is, or will be directly or indirectly related to the specific recommendation(s) or view(s) in this report. NISM Research Analyst registration number – NISM-201900015194.

Frequenlty asked questions

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