Bank Nifty and Nifty Support & Resistance Levels Today, 29 January 2024
Indian financial exchange records opened on a mindful note on Thursday following blended worldwide signs. The Nifty today opened level to the positive at 21454.60, up by 0.65 places, while the Sensex made a marginally regrettable opening of 38.21 focuses at 71022.10 levels. The Bank Nifty file additionally opened marginally lower by 24.45 focuses at 45057.95 level on the month to month F&O expiry day.
Nifty Support and Resistance Levels Live Today at 11.40 a.m IST
The Nifty file slipped lower and expanded misfortunes. Nifty is as of now exchanging lower by 91 or 0.40% at 21360 levels. The record made a high of 21459 and a day’s low of 21247.05, with a development of 211.75 focuses till now. The Nifty Fates January series is exchanging at a 9-direct premium at 21384 in correlation toward the Nifty 50 spot cost.
The Nifty week after week choice chain information (25 Jan) showed that the Open Interest (OI) appropriation for Nifty Put choices is generally eminent at the 21200 and 21100 levels, demonstrating likely help for now. In the interim, on the Call side, huge Open Interest focuses are distinguished at the 21400 and 21500 strike costs, proposing potential opposition levels for Nifty. As per Prabhudas Lilladher, Nifty has solid help at 21100 and obstruction at 21400 levels.
Bank Nifty Support and Resistance Levels Live Today at 11.45 a.m IST
The Bank The Bank Nifty index also extended intraday losses and currently trading lower by 379 points or 0.84% at 44654 level. The index made a high of 45136.10, while hit a day’s low at 44547.05 so far on the spot price, with a movement of 589.05 points. The Bank Nifty Futures for the 25 January expiry is trading at a discount of 17 points at 44637 compared to the Bank Nifty spot price.
The Bank Nifty weekly option chain data (25 Jan) reveals that the Put options 44500 hold the most substantial concentration. This level is likely to serve as a critical support zone for the day. Conversely, Bank Nifty Call strikes at 45000 and 45500 exhibit notable OI concentrations, signifying potential resistance levels for the day. According to Prabhudal Lilladher, Bank Nifty has strong support at 44500 and resistance at 45500 levels today
file additionally broadened intraday misfortunes and at present exchanging lower by 379 or 0.84% at 44654 level. The file made a high of 45136.10, while hit a day’s low at 44547.05 such a long ways on the spot cost, with a development of 589.05 places. The Bank Nifty Prospects for the 25 January expiry is exchanging at a markdown of 17 focuses at 44637 contrasted with the Bank Nifty spot cost.
The Bank Nifty week after week choice chain information (25 Jan) uncovers that the Put choices 44500 hold the most significant focus. This level is probably going to act as a basic help zone for the afternoon. On the other hand, BankNifty Call strikes at 45000 and 45500 show eminent OI fixations, connoting potential opposition levels for the afternoon. As per Prabhudal Lilladher, Bank Nifty has solid help at 44500 and obstruction at 45500 levels today
Stock Market Updates Today
Among the areas, notwithstanding Realty and Energy all sectoral files are exchanging the red. The areas that are hauling down the most are IT, Pharma, and Bank.
The top-acquiring stocks in the Nifty50 file are Bajaj Auto, NTPC, Coal India, BPCL, and HUL and the top losing stocks are TechM, Adani Endeavor, SBI Life, Cipla, and Pivot Bank.
The most dynamic stocks in NSE as far as worth are HDFC Bank, ICICI Bank, and Bajaj Auto, and as far as volume are Goodbye Steel, NTPC, and HDFC Bank.
