Nifty Prediction for Tomorrow – 15 January 2025NIFTY saw a mixed day as it closed up 0.4%. ADANI group stocks and Metals & Mining stocks led the charge. IT and Consumer Durables lagged, notably HCLTECH. ย HCLTECH slumped 8.5% on worries over sluggish large deal pipeline. A strong advance-decline ratio of 2.3 reflects broad-based gains as sectoral divergence dominated the day’s action.ย NIFTY continues to remain in a bearish zone. To an extent, todayโs move is a bounce back due to oversold levels. RSI continues to offer modest support for such bounce backs. However, traders should remain cautious of building high conviction long positions. Near term support and resistance levels are 22898/22726 and 23454/23627.โA pullback rallyโBank Nifty Prediction Tomorrow – 15 January 2025BANK NIFTY saw a sharp rally, driven by strong performances from CANBK (+5.3%) and several others exceeding 3% gains. All the BANKNIFTY stocks closed in the green. RSI was at oversold levels and was supportive of such a rally. However, sustained momentum would need a good earnings season from the bellwethers. Near term support and resistance levels are 47170/47766 and 49692/50288.BANK NIFTY saw a sharp rally, driven by strong performances from CANBK (+5.3%) and several others exceeding 3% gains. All the BANKNIFTY stocks closed in the green. RSI was at oversold levels and was supportive of such a rally. However, sustained momentum would need a good earnings season from the bellwethers. Near term support and resistance levels are 47170/47766 and 49692/50288.
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