02nd Jan 2024 Stock Market Prediction for Nifty & Bank Nifty

NIFTY Prediction

Today, after a neutral start, the Nifty exhibited erratic trading behavior, achieving a fresh all-time peak of 21,834.35. However, it later corrected from these elevated levels, concluding the session just above the 21,700 support mark. The index finds support in the 21,600-21,500 zone. Examining the Open Interest (OI) data, the call side highlights the highest OI at 22,000.

BANK NIFTY Prediction

Bank Nifty experienced a retreat, finding support around 48,000 and ultimately closing above this identified support level. The index concluded the session with a negative performance, marking a 0.12 percent decline to settle at 48,234.30. Notably, Bank Nifty’s support levels are established at 48,000-47,900, while resistance is noted at 48,500 and 48,600 levels.

Stock Prediction for 02nd Jan 2024

1) ADANIENT: Good Above 2925, Weak Below 2880
2) ICICIPRULI: Good Above 535, Weak Below 530
3) CANBK: Good Above 445, Weak Below 440
4) OBEROIRLTY: Good Above 1461, Weak Below 1440

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