Last week, equity benchmark indices ended in the negative zone for the second straight week amid bouts of volatility, as bulls attempt to defend the 23,000-mark on the Nifty 50.
The BSE benchmark – Sensex 30 hit a low of 76,250, and ended the week with a loss of 760 points at 76,619. The Nifty hit a low of 23,047, before signing off the week at 23,203.
IT shares were a major drag on the benchmark indices post Q3 results. HCL Technologies tumbled over 10 per cent. Infosys plunged nearly 8 per cent, and Wipro shed 6 per cent. TCS and Tech Mahindra were down around 3 per cent each.
Among others, Mahindra & Mahindra, Trent, Axis Bank, Hindustan Unilever, Dr.Reddy’s Labs and Apollo Hospitals declined 3 – 6 per cent.
On the positive front, Hindalco rallied over 7 per cent. NTPC, HDFC Life, Coal India, Reliance Industries, Adani Ports, Maruti Suzuki, SBI Life Insurance and Bharat Electronics gained 4 – 6 per cent each.
Outlook for the week – Jan 20 – Jan 24, 2025.
BSE Sensex
Current Level: 76,619
Support: 76,350; 76,200; 76,085
Resistance: 77,030; 77,155
Going ahead, this week, the recent low around 76,300 levels holds the key for the Sensex. As long as the BSE benchmark manages to sustain above it on a daily closing basis, market participants can hope for a relief rally to emerge.
The weekly Fibonacci analysis suggests a likely trading range of 75,960 – 77,280 for the BSE Sensex. Interim support for the Sensex is placed at 76,350 – 76,200 – 76,085 levels; whereas resistance on the upside can be expected around 77,030 – 77,155.
In case, the Sensex breaches the lower end of the trading range, it can extend the fall towards 75,760 – 75,200 levels. On the upside, sustained trade above 77,000-mark can see the BSE benchmark jump towards 78,150; above which the market may witness some short-covering.
NSE Nifty
Current Level: 23,203
Support: 23,000; 22,880
Resistance: 23,600
Technically, the bias for Nifty is expected to remain weak as long as the NSE index remains below the 20-DMA (Daily Moving Average), which stands at 23,600 levels.
On the downside, the Nifty seems on course to test the 20-MMA (Monthly Moving Average) at 22,257; below which a test of 21,500 levels seems likely. Key momentum oscillators on the daily and weekly chart are still in favour of the bears. Interim support for the index can be expected around the 23,000-mark and 22,880 levels.
Disclaimer: Moneywealth research provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.
SEBI registered research analyst
Stock market
Accurate intraday tips
Call or whatsapp: +91 9924987385 / +91 7096190322
www.moneywealth.co.in
Best share market tips provider in India, Best share tips provider, Best share trading tips provider in India, Best stock advisor, Best stock advisor website in India, Best stock advisor websites, Best stock advisory company in India, Best stock market advisory services in India, Best stock market telegram channel, Best stock market tips provider, Best stock market recommendation service, Best stock recommendation service in India, Best stock tips advisory company in India, Best stock tips company in India, Best stock tips provider, Best stock tips provider company in India, Best stock tips provider in India, Best stock tips provider in telegram, Best Telegram channel for Indian stock market, Best telegram channel for intraday tips, Best telegram channel for stock market tips in India, Best telegram channel for swing trading, Best telegram channel for stock market, Best tips provider in India, Best trading tips provider in India, Daily stock tips intraday, Moneywealth-Best intraday tips provider in India, Moneywealth-Best option trading telegram channel, Moneywealth-Best SEBI registered research analyst, Moneywealth-Best SEBI registered telegram channel, Moneywealth-Best stock advisor websites in India, Moneywealth-Best stock tips provider on telegram, Moneywealth-Genuine stock tips provider, Moneywealth-High accuracy stock tips provider, Moneywealth-Most successful stock advisors in India, Stock market, Intraday trading in share market, Intraday trading in stock market, Intraday trading advisor, Intraday tips, Intraday telegram channel, Intraday sureshot tips provider, Intraday sureshot tips, Intraday stock advisory services, Intraday calls in stock market, Intraday calls in stock future, Intraday trading breakout strategies, Indian stock market tips for intraday, Intraday trading tips in stock market, Jackpot option tips, Intraday trading tips & strategies, Most accurate intraday tips provider, List of top 10 stock advisory company in India, Most accurate intraday trading tips, Jackpot intraday tips, Intraday trading tips, Most accurate stock tips provider, How to make profit in intraday trading in stock market?, India’s top rated stock tips provider, How to earn profit in stock market?, How to earn profit from intraday trading?, How to earn profit from stock?, Best share market intraday tips, How can I make profit in intraday trading?, Best share market tips, Best share market consultant in India, Best share market advisory company in India, Best share market advisor in India, Best SEBI registered stock advisory company, Best SEBI registered telegram channel, Best SEBI registered research analyst, Best SEBI registered advisory company, Best option trading tips provider, Best option tips on telegram, Best option tips provider in India, Best option tips provider, SEBI registered Investment advisory service, Best option telegram channel, Best online trading tips, Best nifty tips provider in India, Best intraday tips site in India, Share tips provider, Which stock good for long term, Best investment advisory in India, Best intraday tips telegram channel, Banknifty trading tips, Best intraday tips advisor in India, 100% sureshot operator calls, Best share market technical, Best index option services, 100% accurate intraday technique, Best investment advisory in India, Best share market advisory, Best advisory company for beginners, Best nifty options tips provider, 100% profitable intraday tips, Banknifty option tips provider, Best intrday jackpot calls, Best jackpot tips provider, No.1 SEBI registered advisory company, Best nifty future tips provider in India, 100% sureshot calls provider, 100% sureshot tips provider, Best intraday tips in Indian stock market, Best share buy for tomorrow, Accurate stock tips provider, Best intraday tips on telegram, Best equity portfolio management, No.1 stock advisor in India, Best banknifty tips provider in India, Best equity tips provider in India, Best intraday paid service, Accurate stock tips, Stock tips provider, Best intraday advisory in India, Which stock good for short term?, Best intraday research company, Best index future services, Best ethical investment advisor, share market advisor, Best intraday call provider, Best intraday tips, Which is best stock advisory company in India, Stock market expert advisor, Sureshot intraday tips, SEBI registered advisor, Top rated Telegram channel for stock market tips in India, SEBI registered top 10 advisory company in India, Share market tips, Stock market tips provider, Good accuracy tips provider, High accurate index option trades advisor, Option technical course, Stock market technical course, Equity investment service, Equity delivery trades provider in India, Swing trades service in India, Operator trades, SEBI registered intraday tips provider, #No. 1 SEBI registered tips provider, Most accurate trading tips, SEBI registered advisory company, SEBI registered advisory company in India, F&O intraday trading tips, top 10 SEBI registered stock advisory company in India, Stock market expert in India, Share market expert, Share bazar, Long term investment plans, Short term investment shares, Share market advisory, Stock market advisory, Share market advisor free, Free telegram channel for stock market, Best option trading telegram channel link, Best option trading Telegram channel SEBI registered, Best Telegram channel for stock market India, Steck market advisor telegram free, India stock market telegram group, Stock Gainers telegram channel, Call put Option tips 100% accuracy, Best call put option tips provider free, Nifty option tips provider, Option tips provider free, Best option tips provider, Best f&o tips provider in India free, Best index option tips provider in India, Best option service provider free, Best option trading advisory service in India, Best option call provider in Telegram, Best genuine stock market tips provider, Top 10 stock market tips provider, Best option trading Telegram channel link, Free option trading Telegram channel, List of Top 10 SEBI registered Telegram channel, Top 10 Telegram channel for option trading, Best sebi registered intraday tips provider telegram channel free, Best SEBI registered Telegram channel list, How to predict if a stock will go up or down intraday?, How to predict stock market for next day, How to predict stock market for next day in India, Accurate stock future tips for tomorrow, Accurate stock future tips free, Best F&O advisor in India, Most accurate stock predictor, Stock price prediction formula, SEBI registered Research analyst list, SEBI registered option tips provider, Option tips provider in India, Best Bank Nifty Option tips provider Telegram, Sebi registered option tips provider pdf, Sebi registered option tips provider free, Sebi registered option tips provider app, Best SEBI registered intraday tips provider, Top 10 intraday tips provider in India, Top 10 intraday tips provider in India free, Top 10 SEBI registered stock advisory company, Stock market holidays, Stock market holidays today, Is Indian stock market open tomorrow?, Is Indian stock market open today?, Share market holiday tomorrow, NSE holidays, Stock market holidays 2025, Stock market today, Indian stock market News tomorrow, Share Market News Today in Hindi, Share market live chart today, Share market chart, Global market, Stock market today live, Share market app, Share market live chart today, Nse share price today live, NSE live, is it good to invest in equity, Is it good to invest in equity in India, How to invest in equity funds, Types of equity investment, What is equity, Is right now the best time to invest in stocks?, Is it correct time to invest in stocks?, Will the stock market go up more?, Will the stock market go down more?, Do you buy stock when it’s up or down?, Are stocks overvalued now?, What is the best time to buy shares today?, Is it good to buy 1 stock at a time?, Should I invest if the market is down?, Who buys stocks when everyone is selling?, Best stocks to buy today, Best stocks to invest in India, Best stock for long term, Best stock for short term, Free option trading telegram channel, Best Banknifty Telegram channel free, Best trading Telegram channel India, Which is no.1 SEBI registered telegram channel?, what is the most successful Telegram channel?, Which telegram channel is best for stock trading?, Which is the best SEBI registered tips provider?, How to get intraday free tips?, Who is the best SEBI registered research analyst in India?, Who is best trading expert in India?, Can I trust SEBI registered investment advisor?, Which broker gives best tips?, Who gives best stock tips?, What is SEBI registered Telegram channel?, Which is best intraday tips provider?, What is top 1 channel of telegram?, Which Telegram channel gives money?, What is premium Telegram?, Who is the king of Telegram?, Which Telegram channel is best for stock market tips?, Which stock market channel is best?, Free Premium Stock market courses Telegram channel, Index Telegram channel, Index telegram channel free, Index telegram channel india, Best index telegram channel, Futures trading, Types of investment in equity shares, Investment in equity shares example, Investment in equity shares in india, Investment in equity shares tax benefit, Investment advisor in india, Investment advisor near me, Investment advisor SEBI, Best investment advisory services, Investment advisory services in india, Stock investment advisory services, Investment advisory services SEBI, SEBI registered advisor list, Top 5 SEBI registered stock advisory company, Top 10 advisory company in India, Which Telegram channel is best for option trading?, Who is the best trader on Telegram?, Are Telegram channels good for trading?, Which is the best channel for trading?, Which option trade is best?, What is the top 1 channel of Telegram?, Which Telegram channel is SEBI registered option trading advisor?, What is the best trading bot in Telegram?, Which order is best for option trading?, Which platform to use for option trading?, Best Brokers for Options Trading, How to use Telegram for trading?, Which is the best SEBI registered intraday tips provider?, What is the most successful trading bot?, Which is the best trading channel on Telegram?, Who is the richest option trader in India?, Who is best for option trading?, How to master options trading?, What is the trick for option trading?, Which broker is best for options?, What option strategy is best?, Which option is best to trade?, Can I learn option trading?, Which Telegram channel is best for trading?, Which company is best for daily trading?, Is day trading profitable?, Which is the no. 1 SEBI registered Telegram channel?, Which channel is best in Telegram?, Who is the father of option trading?, Who is the most successful option trader?, Which option is best for selling?, How to buy a call option?, What is swing trading?, What is the safest option strategy?, Which indicator is best for option trading?, Can I start option trading with 1000 rupees?, Can I invest 5000 in option trading?, Which script is best for options trading?, Who is best for option trading?, Best Telegram channel for option trading India, Nifty 50 option trading telegram channel india, Sebi registered telegram channel list nifty, Nifty 50 option trading telegram channel free, What is SEBI’s registered Telegram channel?, Which is the most successful Telegram channel?, Which is the best trading channel in Telegram?, Which is the best channel for stock market?, Which Telegram channel is best for BankNifty?, How do I start trading?, Who is the best stock market analyst in India?, How to learn trading for free?, Which Telegram channel is best for the stock market?, What are trading channels?, Which is the best channel to learn stock market?, Which Telegram channel is best for bank nifty trading?, What is the best Telegram channel for stock market?, Best Telegram channel for Bank Nifty calls, Top 10 Telegram channels for option trading, Nifty 50 Option trading Telegram channel, How to trade in Nifty 50 options?
