Nifty 50 prediction today

NIFTY 50

As on 23 Jan, 2025 01:34pm.

23233.60

78.25 ( 0.34 %)

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

Range

Daily

52 Weeks

Low

High

23090.65

23270.80

Open

23128.30

Prev.Close

23155.35

Volume

176477943

Gift Nifty is trading at 23133.50 , down by 41.00 points, indicating a Negative to Flat opening for Nifty.
Rupee Desk - USD/INR: 
Currently trading at 86.48
Short term - Technical Outlook
Nifty is expected to open on a flat to negative note today.The GIFT Nifty is trading slightly in the negative. However, uncertainty continues in the market due to U.S. President Trump's tariff policies, concerns over moderate corporate earnings, the falling value of the rupee, FII selling, and budget expectations, all of which are creating a panic situation in the market. Additionally, the U.S. is expected to publish its jobless claims data for the previous week today.
FII selling continues in the market, with a net sale of 4,026.25 crore yesterday, while DIIs bought 3,640.22 crore. FII selling for the month stands at 60,859.13 crore, while DIIs have bought 60,829.64 crore. Any change in this institutional activity could be very positive for the market.
In the last session, Nifty closed at 23,155.35, up by 130.70 points. Technically, momentum can be expected above 23,180 or below 23,060.
Short term Research Report Call
Buy above 23,180, target 23,270, 23,370, 23,500, stop loss 23,060.
Sell below 23,060, target 23,000, 22,910, 22,840, stop loss 23,180.
Short term Chart

Long term - Technical Outlook
Nifty is currently trading within a symmetrical triangle pattern, with the last session closing at 23,155.35.
FII selling continues in the market, with a net sale of 4,026.25 crore yesterday, while DIIs bought 3,640.22 crore. FII selling for the month stands at 60,859.13 crore, while DIIs have bought 60,829.64 crore. Any change in this institutional activity could be positive for 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 23rd 2025

Market View

Resistance 23,500

Market View

Support 23,000

FII & DII Activities

Particular

FIIs

DIIs

Net Purchase/ Sales (Cr)

22 Jan 2025

-4,026.25

+3,640.22

MTD-May (Cr)

January

-60,859.13

+60,829.64

Indian equities opened lower despite record gains in the US markets. At the start, the Sensex declined by 0.24% (181.4 points) to 76,223.59, while the Nifty50 dropped 0.2% (45.5 points) to 23,109.85. Broader markets showed a mixed trend, with the Nifty Midcap 100 trading higher and the Nifty Smallcap 100 slightly down. Sectorally, most indices were in the red, though the IT sector remained resilient, posting gains of over 1%. Among key movers, Wipro, UltraTech Cement, Tech Mahindra, Infosys, and M&M were top gainers, while HUL, Nestle, SBI, L&T, and Dr. Reddy's Lab were the main laggards.

Institutional activity continued to show sustained selling by foreign institutional investors (FIIs) and consistent buying by domestic institutional investors (DIIs). Large-cap stocks remained relatively resilient compared to the broader market, reflecting a trend toward quality stocks. Persistent high levels in the dollar index and US bond yields are expected to limit a market rally despite oversold conditions. Analysts anticipate heightened volatility in 2025, driven by key events such as the Federal Reserve meeting, the Union Budget, and state elections.

On the technical front, Nifty recently took support near 22,980, forming a hammer tweezer bottom candlestick, which indicates potential recovery toward the 23,350 level. However, sustained bullish momentum is expected only if Nifty closes above 23,500, aligning with the 21-day EMA. Short-term traders should focus on the 23,000–23,350 range, with 23,000 acting as strong support and 23,350–23,400 serving as a key resistance zone.

In the Asian markets, most stocks traded higher, tracking gains from US markets. Japan’s Nikkei rose ahead of the Bank of Japan meeting, while Chinese equities edged higher following government measures to support the market.

Global Market

January 23rd 2025

NASDAQ

USA

20,015.54

258.76   1.31

23rd January

Dow Jones

USA

44,166.75

10.02   0.02

23rd January

FTSE

UK

8,545.13

-3.16   -0.04

22nd January

DAX

GERMAN

21,254.27

212.27   1

22nd January

GIFT Nifty

Singapore

23,137

-38   -0.16

23rd January

NIKKEI 225

Japan

39,835.66

189.41   0.48

23rd January

Shanghai

China

3,269.03

55.41   1.7

23rd January

S&P 500

USA

6,086.36

37.12   0.61

23rd January

Market at Closing

January 23rd 2025

Top Gainers

ULTRACEMCO

11,406.95

713.2  6.67

GRASIM

2,458.95

70.8  2.96

WIPRO

317.7

8.6  2.78

SHRIRAMFIN

531

12.35  2.38

Top Losers

BPCL

271.65

-5.95  -2.14

KOTAKBANK

1,893

-24.5  -1.28

HCLTECH

1,806.95

-20.75  -1.14

RELIANCE

1,264.9

-12.2  -0.96

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

20231.20

10 Day

19559.56

20 Day

19003.30

50 Day

18463.69

100 Day

18154.61

200 Day

17856.05

Momentum Oscillators

Stoch RSI

94.06

ROC

-2.00

Ultimate

46.04

Williams

-76.93

CCI

-74.35

Stochastic

13.84

RSI

69.48

Bullish

0

Bearish

2

Neutral

5

Trend Oscillators & Volatility

ATR

129.48

Low Volatility

MACD

281.40

Bullish

Bullish

1

Bearish

0

Neutral

0

Nifty Stock List

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

1263.65

-1.0532

1728490

Oil & Gas

7 / 9

TCS

4145.45

-0.2682

1502953.55

Software & IT Services

7 / 9

HDFCBANK

604.5

1.0616

1273482.76

Banks

3 / 9

HDFCBANK

1664.9

-0.069

1273482.76

Banks

3 / 9

BHARTIARTL

1636

0.2605

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.

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