In this article, we have analyzed Bank Nifty Prediction For Tomorrow 17th January 2025, Nifty and Bank Nifty Prediction For Tomorrow, for Sensex, Nifty, Bank Nifty, Midcap Nifty, and Finnifty.
Market Prediction For Tomorrow – 17th January
Market Prediction for Tomorrow – 17th January 2025
Today’s market session was relatively uneventful, with Nifty opening gap-up after strong buying in the US markets. However, the initial gains were quickly sold into, and Nifty remained range-bound, partly due to its expiry. In contrast, Bank Nifty outperformed, showing stronger buying momentum and helping stabilize broader market sentiment. Despite this, Nifty’s lack of response to the bounce highlights the persistent selling pressure, and the overall trend and structure remain negative. For the past three days, markets have been trading in a range, but with weekly closing tomorrow, we could see a decisive trending move emerge. Below is the detailed analysis and levels for all major indices.
Nifty Prediction For Tomorrow 17th January
Nifty Prediction for Tomorrow – 17th January 2025
Nifty closed at 23,311, failing to sustain its gap-up gains as selling pressure emerged near higher levels. Despite support near 23,130, the index’s inability to participate in the broader bounce indicates persistent weakness. The overall structure remains negative, and a move above 23,400 is necessary for buyers to regain control. Until then, a sell-on-rise strategy remains effective, especially near resistance levels.
- Support: 23130
- Resistance: 23400
- Buying Area: 23410
- Selling Area: 23120
- Tentative Range: 23050-23500
- No Trade Zone: 23150-23400
Bank Nifty Prediction for Tomorrow – 17th January
Bank Nifty Prediction For Tomorrow 17th January 2025
Bank Nifty closed at 49,278, outperforming Nifty and holding steady throughout the session. The index showed resilience, managing to maintain its gains despite broader selling pressure. Support near 49,000 was defended well, and a move above 49,500 could trigger further upside, possibly leading to short covering. However, traders should remain cautious as the broader market structure is still weak.
- Support: 49000
- Resistance: 49500
- Buying Area: 49500
- Selling Area: 49100
- Tentative Range: 48850-49700
- No Trade Zone: 49000-49500
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Finnifty Prediction for Tomorrow – 17th January
Finnifty Prediction for Tomorrow – 17th January 2025
Finnifty closed at 22,943, showing a modest recovery but remaining under pressure compared to Bank Nifty. The index failed to decisively clear key resistance near 23,000, which highlights the weak sentiment. With tomorrow’s weekly closing, Finnifty could see a directional move, but for now, it remains a sell-on-rise market.
- Support: 22800
- Resistance: 23000
- Buying Area: 22900
- Selling Area: 23000
- Tentative Range: 22750-23100
- No Trade Zone: 22800-23000
Midcap Nifty Prediction for Tomorrow
Midcap Nifty Prediction for Tomorrow – 17th January 2025
Midcap Nifty closed at 12,218, recovering slightly after holding above the 12,000 mark. However, the bounce lacks conviction, and resistance near 12,300 remains a key barrier for buyers. The overall structure still favors selling at higher levels, and traders should focus on shorting near resistance zones.
- Support: 12100
- Resistance: 12300
- Buying Area: 12150
- Selling Area: 12300
- Tentative Range: 12050-12350
- No Trade Zone: 12100-12300
Sensex Prediction for Tomorrow – 17th January
Sensex Prediction for Tomorrow – 17th January 2025
Sensex closed at 77,042, recovering slightly but remaining within a narrow range. The index has been unable to build on its gap-up opening, reflecting weak momentum. Resistance near 77,500 is likely to cap any upside attempts, while support near 76,500 remains a critical level to watch. With weekly closing tomorrow, a trending move is expected.
- Support: 76500
- Resistance: 77500
- Buying Area: 76600
- Selling Area: 77500
- Tentative Range: 76300-77700
- No Trade Zone: 76500-77500
Disclaimer:
The information provided in this market analysis of Bank Nifty Prediction For Tomorrow 17th January 2025 is for general informational purposes only and does not constitute financial advice. We are not SEBI Registered. you may consult your Financial advisor before taking a trade.CategoriesMarket Analysis
