Nifty 50, Sensex Today: What one might expect from the Indian stock market in trade on January 31 before financial investigation in 2025
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Nifty 50, Sensex Today: What one might expect from the Indian stock market in trade on January 31 before financial investigation in 2025

The Indian stock market’s benchmark index, Sensex and Nifty 50 are likely to open higher on the Friday before the economic survey in 2025, in the midst of positive clues from global markets.

The trends on gift nifty also indicate a mild positive start for the Indian Benchmark index. Married Nifty traded around 23,438 level, a premium of almost 20 points from Nifty Futures earlier.

Investors will focus on Economic survey 2024-2025 To be presented in Parliament today, before the Union budget 2025 on February 1.

On Thursday, the domestic stock market closed higher, with the Nifty 50 which ended January F&O series above 23,200 level.

The Sensex Rallied 226.85 points, or 0.30%, to close at 76,759.81, while Nifty 50 set 86.40 points, or 0.37%, higher at 23,249.50.

Also read | Indian stock market: 10 important things that changed for the market overnight- January 31

Nifty 50 formed a haus -like light with a long upper wick on the daily diagram, indicating that the index is struggling to maintain higher levels.

Here’s what you can expect from Sensex, Nifty 50 and Bank Nifty Today:

Sensex prediction

Sensex closed up with 227 points at 76,759.81 on Thursday and held an entrance education after a promising Pullback -Rally, which is largely positive.

“A raised light on the daily diagrams and a higher bottom formation on the intraddia diagrams indicates further upward potential from current levels. For trend -following traders, 76,400 would be the most important support level for Sensex. Above this level will probably continue to continue. On the upside, Sensex was able to bounce back to 77,000 – 77,200, ”said Shricant Chouhan, Head of Capital, Kotak Securities.

Conversely, if Sensex falls below 76,400, the trend would be vulnerable and below this level, traders may prefer to leave their long positions, he added.

Nifty Oi data

Nifty Open Interest (OI) data indicates the highest OI on the call page at 23,300 and 23,500 strike prices, which highlights strong resistance levels. On the PUT side, OI is concentrated at 23,200 and 23,000 strike prices and marks these as important levels of support, says Hardik Matalia, derivative analyst at Choice Broking.

Also read | Stock market today: five shares to buy or sell on Friday- January 31 2025

Nifty 50 prediction

Nifty 50 continued its upward speed for the third consecutive session on January 30 and closed the day higher with 86 points in the middle of volatility.

“Nifty 50 formed a reasonable positive light on the daily diagram with less upper shadow. This market measure indicates to strengthen upstairs on the market. After holding over the first obstacle of approximately 23,000 – 23,100 levels recently, Nifty 50 Is now placed on another important cluster resistance of about 23,350 – 23,450 levels, says Nagaraj Shetti, senior technical research analyst at HDFC Securities.

According to him, the short -term trend with Nifty 50 continues to be positive and the current market measure signals that the upward direction has begun to gain strength near the obstacle.

“A decisive division of 23 350 – 23 450 levels is likely to open sharp card coating and also wide -based purchases on the market. Immediate support is placed approximately 23,100 levels, ”said Shetti.

Also read | Buy or Sell: Vaiselli Parekh recommends three shares to buy today – January 30

VLA Ambala, founder of the stock market today, found that the Indian stock market is likely to react to the budget in 2025 in the coming days, and during this phase, she proposes to remain cautious and keep their portfolios secured to handle the expected expected UPS and declines .

“On technical diagrams, Benchmark Nifty 50 formed an inverted hammer -round pattern at the daily time frame during Thursday’s session, indicating upper price rejection. In the midst of this development, Nifty can expect support close to 23,050 and 22,920, and resistance close to 23,320 and 23,460, ”Ambala said.

Also read | Shares to buy: Raja Venkatrama recommends three shares for today – January 31

Bank nifty prediction

Bank Nifty Index received 146.00 points, or 0.3%, to close at 49,311.95 on Thursday, and formed a haus -like light, indicating strength.

“Bank Nifty Index has crossed and maintained over its 21-day simple variable average (21-DSMA) of 49,200, making it an immediate support level, while the earlier degradation point of 49,650 that will serve as an important obstacle. As long as Bank Nifty holds over 49,200, Hausseartat Momentum is likely to continue, which supports a purchasing-on-dip strategy, ”said Hrishikesh Yedve, AVP Technical and Derivatives Research at Asit C. Mehta.

Disclaimer clause: The opinions and recommendations made above are those for individual analysts or brokerage companies and not by mint. We advise investors to check with certified experts before making any investment decisions.

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