Nifty 50 prediction today

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

Market View

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

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

R4R3R2R1PivotS1S2S3S4
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

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

What is NIFTY 50?

Can I trade NIFTY50?

How are stocks selected to be a part of Nifty 50?

How does the closing price of NIFTY50 determined?

What are Nifty Futures and Options?

Enrich money logo