31st Jan 2024 Stock Market Prediction for Nifty & Bank Nifty



NIFTY Prediction

Nifty showed fluctuations today with a bearish trend. The daily chart suggests a potential bearish outlook, and support is at 21500. If it dips below, a correction might occur. Trading above 21500 could lead to an upward movement. Resistance is at 21700.

BANK NIFTY Prediction

BankNifty index faced consistent resistance near the 45500 level in the past two days. For a sustained upward momentum towards the crucial resistance at 46000, the index needs to break through. On the downside, immediate support is at 45000. A break below this level might escalate selling pressure, triggering a decline towards 44430.

Stock Prediction for 31 Jan 2024

STOCK Good Above Weak Below
HAL 3030 3000
ICICIPRULI 501 496
JINDALSTEL 750 743
TORNTPHARM 2475 2450

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