Nifty Prediction for Today – 14 January 2025NIFTY tumbled today, dragged by worries over a pause in fed rate cuts and a strengthening dollar. All the indices were in the red, with Realty and Mid-Cap stocks being amongst the worst hit. Only a handful of stocks bucked the trend, with TCS, INDUSINDBK, HINDUNILVR and AXISBANK showing minor gains. Technically, NIFTY has plunged into a bearish territory after being range bound between 23500 and 24000 during December. RSI is getting closer to oversold levels. It implies that the probability of a short-term bounce back is increasing. However, the medium-term trend firmly remains bearish. Near term support and resistance levels are 22808/22635 and 23364/23536.โAnother Panic MondayโBank Nifty Prediction for Tomorrow – 14 January 2025Bank Nifty slumped today, mirroring broader market weakness. ย AXISBANK bucked the trend, but CANBK’s -4.6% drop highlighted sector fragility. ย Several other banks suffered significant losses exceeding 1%. ย Overall, it was a very negative session for the banking index. Near term support and resistance levels are 47078/46482 and 49004/49600.Bank Nifty slumped today, mirroring broader market weakness. ย AXISBANK bucked the trend, but CANBK’s -4.6% drop highlighted sector fragility. ย Several other banks suffered significant losses exceeding 1%. ย Overall, it was a very negative session for the banking index. Near term support and resistance levels are 47078/46482 and 49004/49600.
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