NIFTY 50
As on 24 Jan, 2025 03:39pm.
23092.20
-113.15 ( -0.49 %)
*As mandated by Exchange & other statutory authorities, the data feeds are delayed by 15 mins.
Range
Daily
52 Weeks
Low
High
23050.00
23347.30
Open
23183.90
Prev.Close
23205.35
Volume
264272584
Gift Nifty is trading at 23316.50 , up by 59.00 points, indicating Postive to Flat opening for Nifty.
Rupee Desk - USD/INR: Currently trading at 86.30
Short term - Technical Outlook
The GIFT Nifty is trading in the green, indicating a positive to flat opening today. Nifty is currently trading in a consolidation pattern. In the last session, it closed 50 points higher at 23,205.35. The resistance of the consolidation pattern is placed at 23,260–23,280, while support is positioned around the 23,000 range. A movement above or below these levels could lead to significant price action in Nifty.
U.S. President's tariff hike announcements and moderate Q3 corporate earnings are weighing on investor sentiment. FIIs continued their selling spree, recording a net sale of 5,462.52 crore yesterday, while DIIs provided support by buying 3,712.55 crore. For the month, FII sales stand at 66,321.65 crore, against DII purchases of 64,542.19 crore. This remains a key concern for the market, though any reversal in this trend could be a major positive. Declining bond prices and an increase in the rupee's value today could boost investor confidence. Additionally, optimism surrounding the upcoming budget is supporting market sentiment.
Short term Research Report Call
Buy above 23,270 with targets at 23,370, 23,500, and 23,560. Stop loss: 23,150
Sell below 23,150 with targets at 23,050, 23,000, and 22,910. Stop loss: 23,220
Short term Chart
Long term - Technical Outlook
Nifty is currently trading within a symmetrical triangle pattern, with the last session closing at 23,205.35, up by 50 points.FIIs continued their selling spree, with a net sale of 5,462.52 crore, while DIIs bought 3,712.55 crore. For the month, FIIs have sold 66,321.65 crore, while DIIs have purchased 64,542.19 crore. Any change in institutional activity could have a positive impact on the market. Additionally, uncertainty persists due to U.S. President Trump's tariff policies, concerns over moderate corporate earnings, the falling value of the rupee, and budget expectations, all contributing to market volatility.
The support level for Nifty is between 22,950–23,100, 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, a downside may follow.
Key events, including the 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, 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 24th 2025
Market View
Resistance 23,300
Support 23,100
FII & DII Activities
Particular
FIIs
DIIs
Net Purchase/ Sales (Cr)
23 Jan 2025
-5,462.52
+3,712.55
MTD-May (Cr)
January
-66,321.65
+64,542.19
The benchmark indices opened higher on Friday, driven by gains in Asian markets, despite modest Q3 earnings keeping volatility intact. The S&P BSE Sensex rose 204.76 points to 76,725.14, while the NSE Nifty50 gained 64.15 points to 23,269.50. Broader market indices also traded marginally higher amid cautious investor sentiment.
While most Nifty sectoral indices were positive, Nifty Pharma declined by over 1.5%. Top gainers included BPCL, Powergrid, Coal India, and Tata Steel, whereas Dr Reddy’s, Apollo Hospitals, and Sun Pharma were among the top losers.
Nifty continues to trade below its 200-day moving average of 23,982, reflecting a bearish trend. Major concerns include record FII outflows of over ?66,000 crore this month and tariff uncertainties. Key events like the FOMC meeting and the Union Budget may influence market direction.
Cement and industrial stocks showed resilience, with UltraTech Cement rising 7% despite a profit decline. Meanwhile, technology stocks remain a safer bet, supported by strong Q3 results and optimistic management outlooks.
Global Market
January 24th 2025
NASDAQ
USA
20,043.08
33.74 0.17
24th January
Dow Jones
USA
44,604.54
39.47 0.09
24th January
FTSE
UK
8,565.2
20.07 0.23
23rd January
DAX
GERMAN
21,411.53
157.26 0.73
23rd January
GIFT Nifty
Singapore
23,311
54 0.23
24th January
NIKKEI 225
Japan
40,192.85
233.98 0.59
24th January
Shanghai
China
3,240.18
10.02 0.31
24th January
S&P 500
USA
6,117.22
30.85 0.51
24th January
Market at Closing
January 24th 2025
Top Gainers
| HINDUNILVR | 2,380.1 58.4 2.52 |
| BRITANNIA | 5,100 87.4 1.74 |
| EICHERMOT | 5,190.25 74.05 1.45 |
| GRASIM | 2,495 33.85 1.38 |
Top Losers
| DRREDDY | 1,226.2 -63.2 -4.9 |
| TRENT | 5,499 -234.6 -4.09 |
| M&M | 2,799 -87.45 -3.03 |
| ADANIENT | 2,314.05 -70.95 -2.97 |
Technicals
Pivot Advanced Levels
Check live levels for all scripts
Buy Above
23210.73
R1
23276.14
R2
23344.52
R3
23466.41
Stop Loss
23133.44
Pivot
23163.17
(All values are in INR)
Sell Below
23115.60
S1
23050.19
S2
22981.81
S3
22859.92
Stop Loss
23192.90
Pivot Basic Levels
| R4 | R3 | R2 | R1 | Pivot | S1 | S2 | S3 | S4 | |
| Classic | 23686.80 | 23573.63 | 23460.47 | 23276.33 | 23163.17 | 22979.03 | 22865.87 | 22681.73 | 22497.60 |
| Woodie | 24037.33 | 23538.15 | 23442.73 | 23240.85 | 23145.43 | 22943.55 | 22848.13 | 22646.25 | 22253.53 |
| Camarilla | 23255.72 | 23173.96 | 23146.71 | 23119.45 | 23163.17 | 23064.95 | 23037.69 | 23010.44 | 22928.69 |
Moving Averages
Bullish
Bearish
EMA
SMA
5 Day
20184.07
10 Day
19533.85
20 Day
18989.83
50 Day
18458.15
100 Day
18151.81
200 Day
17854.64
Momentum Oscillators
Stoch RSI
71.12
ROC
-1.85
Ultimate
37.84
Williams
-85.12
CCI
-68.83
Stochastic
16.50
RSI
67.12
Bullish
1
Bearish
1
Neutral
5
Trend Oscillators & Volatility
ATR
130.07
Low Volatility
MACD
272.39
Bullish
Bullish
1
Bearish
0
Neutral
0
Nifty Stock List
Check all stocks
| Stock Name | CMP | Change (%) | Market Cap (Cr.) | Sector | Piotroski Score |
| RELIANCE | 1246.3 | -1.373 | 1685998.32 | Oil & Gas | 7 / 9 |
| TCS | 4152.35 | 0.1664 | 1501976.7 | Software & IT Services | 7 / 9 |
| HDFCBANK | 604.5 | 1.0616 | 1261627.87 | Banks | 3 / 9 |
| HDFCBANK | 1649.8 | -0.907 | 1261627.87 | Banks | 3 / 9 |
| BHARTIARTL | 1644.8 | 0.5379 | 1001373.3 | 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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