NIFTY 50
As on 22 Jan, 2025 03:39pm.
23155.35
130.70 ( 0.57 %)
*As mandated by Exchange & other statutory authorities, the data feeds are delayed by 15 mins.
Range
Daily
52 Weeks
Low
High
22981.30
23169.55
Open
23099.15
Prev.Close
23024.65
Volume
275911662
Gift Nifty is trading at 23173.50 , up by 56.00 points, indicating a Postive to Flat opening for Nifty.
Rupee Desk - USD/INR: Currently trading at 86.52
Short term - Technical Outlook
Nifty broke out from its consolidating channel pattern of 23,370–23,070 yesterday, but the momentum is yet to confirm. The market witnessed a highly volatile session, and the index closed at 23,024, down by 320 points.
The GIFT Nifty and global markets indicate a positive opening for the day. Today's results from HDFC Bank are very important for the market, along with a decline in the U.S. dollar and bond yields. Quarterly earnings announcements from other companies and expectations surrounding the Union Budget could boost investor confidence in the coming days.
While decreasing Rupee value and continuous FII selling is weighing negatively on market sentiment, as they sold 5,920.28 crore in the last session and 56,832.88 crore for the month. On the other hand, DIIs provided support by buying 3,500.32 crore in the last session and 57,189.42 crore for the month.Technically, momentum can be expected above 23,070 or below 22,980.
Short term Research Report Call
Buy: Above 23,070, with targets of 23,150, 23,270, and 23,370. Stop Loss: 22,950
Sell: Below 22,980, with targets of 22,910, 22,830, and 22,750. Stop Loss: 23,100
Short term Chart
Long term - Technical Outlook
Nifty is currently trading within a symmetrical triangle pattern, with the last session closing at 23,024. FII selling remains a concern, as they sold 5,920.28 crore in the last session and 56,832.88 crore for the month, while DIIs bought 3,500.32 crore in the last session and 57,189.42 crore for the month.
The support level for Nifty is between 23,000-23,100, while upward momentum will require Nifty to stay above 23,500. Investors should monitor key price levels closely. If Nifty holds above 23,500, there could be an upside, but if it drops below the support range, downside may follow. The ongoing FII selling could impact market sentiment.
Key events include HDFC Bank’s Q3 results today, the U.S. Federal Reserve’s decision on January 30, 2025, the Indian Union Budget on February 1, 2025, and the RBI monetary policy review on February 7, 2025, all of which may influence market trends.
Investors should focus on sectors like IT, Finance, NBFCs, Defence, Auto, Housing Finance, and Infrastructure
Long term Research Report Call
Buy above 23,500: Targets 24,000 and 24,500; Stop loss: 23,300.
Sell below 23,000: Targets 22,800, 22,500, and 22,250; Stop loss: 23,300.
Long term Chart
Market View
January 22nd 2025
Market View
Resistance 23,500
Support 23,000
FII & DII Activities
Particular
FIIs
DIIs
Net Purchase/ Sales (Cr)
21 Jan 2025
-5,920.28
+3,500.32
MTD-May (Cr)
January
-56,832.88
+57,189.42
The Sensex and Nifty opened higher, driven by a rally in IT sector stocks, with Infosys gaining 2%. The S&P BSE Sensex rose 246.41 points to 76,084.77, and the NSE Nifty50 added 62.15 points to 23,086.80 in early trade. This positive opening followed a decline in the previous session, with strong trends in Asian markets and optimism around IT stocks boosting sentiment.
In early trading, the Sensex surged by 326.86 points to 76,212.83, and the Nifty rose by 87.60 points to 23,111.25. Leading gainers included Infosys, Sun Pharma, and L&T, while top laggards included Zomato, Tata Motors, and Power Grid. Broader markets faced pressure, with the Nifty SmallCap index down 0.7% and the Nifty MidCap index lower by 0.6%.
Sectoral indices showed mixed performance, with Nifty Realty and Consumer Durables falling as much as 1.5%. Investors remain focused on December quarter results from key companies, which are expected to influence market sentiment.
Key resistance levels for Nifty are at 23,324, followed by the 23,440–23,471 range, while near-term downside targets are seen around 22,830. Despite recent corrections, the markets are presenting opportunities for long-term investors to consider quality stocks at reasonable valuations.
Global Market
January 22nd 2025
NASDAQ
USA
19,753.89
123.69 0.63
22nd January
Dow Jones
USA
44,081.08
55.27 0.13
22nd January
FTSE
UK
8,548.29
27.75 0.32
21st January
DAX
GERMAN
21,042
51.69 0.25
21st January
GIFT Nifty
Singapore
23,161
44 0.19
22nd January
NIKKEI 225
Japan
39,630.72
602.74 1.52
22nd January
Shanghai
China
3,221.63
-20.99 -0.65
22nd January
S&P 500
USA
6,046.65
49.99 0.83
22nd January
Market at Closing
January 22nd 2025
Top Gainers
| WIPRO | 309.9 11.55 3.87 |
| INFY | 1,855 54.3 3.02 |
| TCS | 4,152 116.15 2.88 |
| TECHM | 1,679.2 38.7 2.36 |
Top Losers
| BEL | 270.6 -8.4 -3.01 |
| TATAMOTORS | 744.35 -16.4 -2.16 |
| TRENT | 5,624.8 -112.15 -1.95 |
| POWERGRID | 298.4 -3.95 -1.31 |
Technicals
Pivot Advanced Levels
Check live levels for all scripts
Buy Above
23132.19
R1
23173.60
R2
23216.90
R3
23294.08
Stop Loss
23083.24
Pivot
23102.07
(All values are in INR)
Sell Below
23071.95
S1
23030.53
S2
22987.23
S3
22910.05
Stop Loss
23120.89
Pivot Basic Levels
| R4 | R3 | R2 | R1 | Pivot | S1 | S2 | S3 | S4 | |
| Classic | 23531.85 | 23411.08 | 23290.32 | 23222.83 | 23102.07 | 23034.58 | 22913.82 | 22846.33 | 22778.85 |
| Woodie | 23680.14 | 23437.72 | 23303.64 | 23249.47 | 23115.39 | 23061.22 | 22927.14 | 22872.97 | 22550.64 |
| Camarilla | 23258.89 | 23207.12 | 23189.86 | 23172.61 | 23102.07 | 23138.09 | 23120.84 | 23103.58 | 23051.81 |
Moving Averages
Bullish
Bearish
EMA
SMA
5 Day
20205.12
10 Day
19545.34
20 Day
18995.84
50 Day
18460.62
100 Day
18153.06
200 Day
17855.27
Momentum Oscillators
Stoch RSI
71.12
ROC
-2.33
Ultimate
47.29
Williams
-83.96
CCI
-95.30
Stochastic
11.50
RSI
67.12
Bullish
2
Bearish
1
Neutral
4
Trend Oscillators & Volatility
ATR
129.52
Low Volatility
MACD
276.41
Bullish
Bullish
1
Bearish
0
Neutral
0
Nifty Stock List
Check all stocks
| Stock Name | CMP | Change (%) | Market Cap (Cr.) | Sector | Piotroski Score |
| RELIANCE | 1277.1 | 0.2669 | 1728490 | Oil & Gas | 7 / 9 |
| TCS | 4156.6 | 2.9919 | 1502953.55 | Software & IT Services | 7 / 9 |
| HDFCBANK | 604.5 | 1.0616 | 1273482.76 | Banks | 3 / 9 |
| HDFCBANK | 1666.05 | 1.44 | 1273482.76 | Banks | 3 / 9 |
| BHARTIARTL | 1631.75 | 0.3444 | 993382.6 | Telecom | 8 / 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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