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Nifty 50 Nifty Bank Analysis for January 14, 2025
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Chanakya’s Nifty Bank & Nifty 50 Investments Analysis Stock market today live
Nifty Bank (48041)
*Trend for January 14, 2025
On Monday, Bank Nifty continued downtrend and closed at 48041, down by 693 points. On Tuesday, Bank nifty is expected to bounce back at the opening bell and then down trend will continue by after noon session or on Wednesday. The undertone is very bearish. After positive opening, bank nifty is expected to slide further
*On higher side, it is expected to move up to 48465, at the opening bell
*On lower side, it is expected to decline to 47758,
Nifty 50 (23086)
On Monday, Nifty continued downtrend and closed at 23086, down by 345.55 points. On Tuesday, nifty is expected to bounce back at the opening bell and then down trend will continue by afternoon session or on Wednesday. The undertone is very bearish. After positive opening, Nifty is expected to slide further
*On lower side, it is expected to decline to 23269, at the opening bell
*On higher side, it is expected to move up to 22975,
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Technical Analysis of the Market by Mr. Nagaraj Shetti,
Senior Technical Research Analyst at HDFC Securities
After showing weakness in the last three sessions, Nifty witnessed sharp weakness on Monday and closed the day lower by 345 points. After opening with a downside gap of 236 points the market made failed attempt of upside bounce in the early part of the session. The decline continued in the mid to later part of the session and Nifty finally closed at the lows.
A reasonable negative candle was formed on the daily chart with gap down opening and with long upper shadow. Technically, this pattern indicates a decisive downside breakout of symmetrical triangle pattern with lack of strength to bounce back. The immediate support of 23260 has been violated on the downside and the market is now placed to slide further lows.
The underlying trend of Nifty continues to be weak. Nifty is on the way down to the next lower support of around 22800-22700 levels . Any pullback up to 23350 could be a sell-on-rise opportunity.
The underlying trend of Nifty continues to be negative amidst choppy movement. The next lower supports to be watched around 23260-23000 levels. Immediate resistance is at 23600 levels.
What is Vaishali Parekh’s prediction for Nifty 50?
(Vice President — Technical Research at Prabhudas Lilladher)
Market Preview
Despite strong buying in the IT stocks post-TCS Q3 results 2025, the Indian stock market ended in the red territory for the third day in a row. The Nifty 50 index ended 95 points lower at the 23,431 mark; the BSE Sensex finished 241 points lower at 77,378, whereas the Bank Nifty index nosedived 717 points at 48,785. The broader market sentiment remained bearish, reflected in the BSE’s advance-decline ratio of 0.26, showing declining shares substantially outnumbering advancing ones. The small-cap index recorded its steepest monthly decline, falling nearly 5.5% in just the last three sessions.
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Vaishali Parekh, Vice President—Technical Research at Prabhudas Lilladher, believes the overall Indian stock market mood has weakened. The Nifty 50 index has decisively broken the crucial support placed at 23,500. The Prabhudas Lilladher expert said that if the selling continues on Monday, the 50-stock index might try to test the 23,300 to 23,250 mark.
Speaking on the outlook for the Nifty 50 index, Vaishali Parekh said, “The Nifty 50 index has broken the important and crucial support zone of 23,500 levels weakening the bias and sentiment, and is currently precariously placed with 23,250 to 23,300 band as the final hope, which needs to be sustained below which the overall trend would turn negative and can trigger for fresh selling pressure in the coming days. The index continued with the slide, and for the bias to improve, it needs to move past the 23,800 zone, and thereafter, a close above the significant 200 period MA of 23,950 levels is much required to establish conviction for further rise.”
“The Bank Nifty index, as compared to the Nifty index, has underperformed and continued with the downward slide, further weakening the bias and almost reaching the 48,550 zone, which is the immediate support. A significant revival is required and must breach the important zone of 49,700 levels to establish conviction and expect a further rise in the coming sessions. A decisive move below the 48,550 zone shall further weaken the trend with the next major support visible near the 47,300 level,” Parekh said.
Share Market today live & Nifty Analysis by Shrikant Chouhan
Head, Equity Research Kotak Securities
Today, the benchmark indices corrected sharply, with the Nifty ends 343 points lower and the Sensex down by 1054 points. Among the sectors, all major sectoral indices traded in the red, with the Realty index losing the most, shedding over 6.5 percent.
Technically, after a weak opening, the market breached the crucial support level of 23260/77000, which is largely negative. It also formed a bearish candle on daily charts and is holding a lower top formation on intraday charts, indicating further weakness from current levels.
For day traders, 23260/77000 would act as a trend decider level; below this, weak sentiment is likely to continue. If it falls below this level, the market could slip to 22900-22800/76000-75700. On the flip side, if we move above 23260/77000, the pullback could extend to 23400-23450/77300-77500.
Analysis by Mr. Nandish Shah, Deputy Vice President, HDFC Securities
Nifty fell to the fourth consecutive session on the back of weak global cues by losing 345 points or 1.47%, to close at 23085. Broader markets continued to bleed, as Nifty smallcap 100 index plunged 10% in last four trading sessions. NSE cash market volumes were higher by 12% as compared to yesterday.
Asia markets ended lower on Monday, after U.S. jobs report on Friday dampened investors’ hopes for early interest rate cuts by the Federal Reserve.
The rupee logged its steepest fall in nearly two years(06-Feb-2023), plunging 62 paise to hit a historic low of 86.59 against the US dollar on Monday due to strengthening of the dollar index and surging crude oil prices.
Midcap and smallcap indices continued their southward journey where both Nifty Midcap and smallcap 100 Index plunged by over 4% as against 1.47% fall in the Nifty. This bearish sentiment was further reflected in the advance-decline ratio, which stood at 0.15 levels on the BSE, lowest since 04-June-2024, indicating that declining shares significantly outnumbered advancing ones. From the all time high made in December 2024, Smallcap100 index has registered a fall of 15% in the span of just 22 trading sessions.
Sectorally, the market witnessed a broad-based decline, with all sectoral indices ended in the red. Amongst them, Nifty Reality, Media, Consumer durables, and Metals were major losers.
Weekly market analysis by Amol Athawale, VP-Technical Research, Kotak Securities:
In the last week, the benchmark indices witnessed profit booking at higher levels. The Nifty ended 2.4 percent lower, while the Sensex was down by 1848 points. Among sectors, the IT index outperformed, gaining over 1.9 percent, whereas the PSU Banks and Realty indices lost the most, shedding over 6 percent. During this week, the market breached the 200-day SMA (Simple Moving Average) support zone, and post-breakdown, selling pressure intensified.
Technically, it has formed a long bearish candle on the weekly charts and is holding a lower top formation on the intraday charts, which is largely negative. We are of the view that the current market texture is weak but oversold; hence, a strong possibility of a pullback rally from the current levels is not ruled out.
For short-term traders, 23600/77800 would be the key level to watch. Above this level, the pullback move could continue till 23800/78500. Further upside may also persist, potentially pushing the market up to the 200-day SMA or 24000/78800. On the flip side, if the market falls below 23350/77100, selling pressure is likely to accelerate. Below which, the market could slip to the 23250-23100/76800-76500 range.
For the Bank Nifty, the short-term formation is weak, and a pullback rally is possible only after a decisive break above 49500. If this level is surpassed, it could bounce back to the 50000-50200 range. Conversely, as long as it trades below 49600, weak sentiment is likely to continue. On the downside, 48300 and 48000 are key support zones for traders.
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