Bank Nifty Prediction for Tomorrow 23rd January 2025

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In this article, we have analyzed Bank Nifty Prediction for Tomorrow 23rd January, Nifty and Bank Nifty Prediction For Tomorrow, for Sensex, Nifty, Bank Nifty, Midcap Nifty, and Finnifty.

Market Prediction for Tomorrow

Market Prediction for Tomorrow – 23rd January 2025
Today’s market session was a mix of range-bound movement and high volatility, with indices staying within a tight range for most of the day. However, the last hour saw a sharp bounce and reversal in both Nifty and Bank Nifty, aided by HDFC Bank’s movement following its quarterly results. Despite this late recovery, the overall trend remains negative, and traders should continue to focus on sell-on-rise opportunities. With Nifty expiry tomorrow, the possibility of a trending move is significantly high, and traders should prepare for heightened volatility. Below is the detailed analysis and levels for all major indices.

Nifty Prediction For Tomorrow

Nifty Prediction for Tomorrow – 23rd January 2025
Nifty closed at 23,155, recovering slightly in the last hour but failing to break out of its range-bound structure. The late bounce provided temporary relief to buyers, but the broader trend remains negative. Resistance near 23,300 is a critical level for sellers to defend, while support at 23,000 continues to hold. With expiry tomorrow, a trending move could emerge, but the larger structure still favors a sell-on-rise approach.

  • Support: 23000
  • Resistance: 23300
  • Buying Area: 23300
  • Selling Area: 22990
  • Tentative Range: 22950-23400
  • No Trade Zone: 23000-23300
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Bank Nifty Prediction For Tomorrow

Bank Nifty Prediction for Tomorrow 23rd January
Bank Nifty closed at 48,724, showing relative strength compared to Nifty, thanks to the sharp intraday move in HDFC Bank following its quarterly results. Despite the late recovery, the index remains within its range-bound structure, with resistance near 49,000 likely to cap gains. Key support near 48,400 needs to hold for the bounce to sustain, but sellers will likely dominate near resistance zones. With expiry tomorrow, traders should expect heightened volatility in Bank Nifty.

  • Support: 48500
  • Resistance: 48900
  • Buying Area: 48915
  • Selling Area: 48450
  • Tentative Range: 48250-49250
  • No Trade Zone: 48450-48900

Finnifty Prediction for Tomorrow

Finnifty Prediction for Tomorrow – 23rd January 2025
Finnifty closed at 22,650, staying volatile but largely range-bound throughout the session. Resistance near 22,800 continues to cap upside momentum, while support at 22,500 remains intact. Despite today’s bounce, Finnifty’s broader trend remains weak, and traders should focus on short opportunities near resistance levels. With expiry tomorrow, expect increased volatility in Finnifty as well.

  • Support: 22500
  • Resistance: 22800
  • Buying Area: 22600
  • Selling Area: 22800
  • Tentative Range: 22450-22900
  • No Trade Zone: 22500-22800

Midcap Nifty Prediction for Tomorrow

Midcap Nifty Prediction for Tomorrow – 23rd January 2025
Midcap Nifty closed at 11,918, struggling to break out of its bearish structure despite a late bounce. Resistance near 12,050 remains a major hurdle, and sellers are expected to dominate at higher levels. Key support near 11,800 needs to hold to prevent further downside. The index remains underperforming, and traders should stick to shorting near resistance levels.

  • Support: 11800
  • Resistance: 12050
  • Buying Area: 11900
  • Selling Area: 12050
  • Tentative Range: 11750-12150
  • No Trade Zone: 11800-12050

Sensex Prediction for Tomorrow

Sensex Prediction for Tomorrow – 23rd January 2025
Sensex closed at 76,404, ending the day flat after recovering sharply in the last hour of trading. Resistance near 76,800 remains intact, while support near 76,000 continues to provide a floor for the index. Despite today’s bounce, the broader trend remains bearish, and sellers are likely to dominate near resistance levels. With expiry tomorrow, traders should prepare for higher volatility and a possible trending move.

  • Support: 76000
  • Resistance: 76800
  • Buying Area: 76200
  • Selling Area: 76800
  • Tentative Range: 75800-77000
  • No Trade Zone: 76000-76800
Bank Nifty Prediction for Tomorrow 23rd January

Disclaimer:

The information provided in this market analysis of Bank Nifty Prediction for Tomorrow 23rd January 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

नमस्कार दोस्तों, मेरा नाम इसराफ़िल अंसारी है। मैं एक कंटेंट राइटर हूं। मुझे फाइनेंस जगत से जुड़े विषयों पर ब्लॉग लिखना काफी पसंद है। मेरा उद्देश्य यह है कि सही जानकारी को हिंदी में जल्द से जल्द उपलब्ध कराना है।

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