05th Feb 2024 Stock Market Prediction for Nifty & Bank Nifty

NIFTY Prediction

Starting positively, Nifty reached a new all-time high of 22,126.80 but encountered strong selling pressure, leading to a sharp selloff. This pushed Nifty back within the range of 21,200 to 21,900. Key support levels are positioned at 21,600 to 21,450, while an immediate hurdle zone is at 22,200 to 22,250.

BANK NIFTY Prediction

Bank Nifty bears regain ed control as the index failed to surpass the crucial level of 46500 on a closing basis. The immediate support for the index is situated at 45000, and a breach below this level is anticipated to intensify selling pressure, potentially pushing the index towards the 44000 mark. On the upward side, the resistance level is 47,000 to 48,500.

Stock Prediction for 05th Feb 2024

STOCK Good Above Weak Below
BAJFINANCE 6886 6806
IGL 446 441
TECHM 1350 1332
VOLTAS 1068 1050

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