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
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
Check live levels for all scripts
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
| R4 | R3 | R2 | R1 | Pivot | S1 | S2 | S3 | S4 | |
| 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
Check all stocks
| Stock Name | CMP | Change (%) | Market Cap (Cr.) | Sector | Piotroski 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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