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Nifty Prediction for 27 January 2025
Nifty closed below the 23,100 mark after a volatile day, hitting a high of 23,347.30 before declining. Most sectors, except IT and FMCG, fell, with Realty, Healthcare, and Oil&Gas losing over 2%. The bearish trend is expected to continue, with support at 23,000 and possible resistance at 23,200. Trading recommendations suggest monitoring for further declines.
After opening on a negative note and a roller coaster ride, Nifty ended the day in red near below the 23,100 level.
On Intraday, Nifty touched the day high of 23,347.30 during the mid-day and started falling right after reaching the day high and continued to fall for the rest of the day, taking support at 23,050 which is 113 points or 0.49% lower from the previous closing.
Most of the sectoral indices traded in red except IT and FMCG while the top losers were Realty, Healthcare, and Oil&Gas which fell over 2% each.
Nifty Prediction for 27 January 2025
On the technical chart, the Nifty is continuously falling – forming a lower-low and lower-high pattern, and as of today’s candlestick formation, the Nifty got rejected from the higher levels and formed a lower red body candlestick with an upper wick – suggesting a continuation of the pattern.
Also, the Nifty is currently trading near last year’s high in May, which is near the support of the 23,000 level and one more thing is that the Index is currently 116 points away from the current month’s low, which might act as support for it.
Anyway, on the weekly chart, the Nifty formed a red candlestick that moved lower than the previous week’s Spinning Top Candlestick, indicating that the current trend will likely continue.
The nearby support for the Index is at 23,000 followed by 22,800 and 22,600 levels while the resistance is at the 23,200 level followed by 23,400 and 23,500 levels.
What to Expect from Nifty on 27 January 2025
So Now the market is extremely bearish, and as it is facing resistance from the higher levels (rejected from the 50EMA on the weekly chart) along with other leading indicators like RSI and MACD falling sharply – we expect a continuation in the downtrend in the Nifty for the next week.
For Monday, 27 January 2025 – Nifty is likely to break below the support of 23,000 level as both long and short-term trends are bearish, but if there is any scene like the Index is taking support at the 23,000 level then wait for the market to reach any resistance level and then go for short positions.
Trading Level for Nifty: 22,800 – 23,400
Also Read:
Bank Nifty Prediction for Monday, 17 February 2025
By: Raaz Aryan
February 14, 2025
Nifty Support and Resistance for 27 January 2025
| Nifty Support Levels | Nifty Resistance Levels |
|---|---|
| 23,000 | 23,200 |
| 22,800 | 23,400 |
| 22,600 | 23,500 |
Note:- For the Most Accurate Data you can revisit this Page after 11:00 AM (during Trading hours), so we can update the Trade Setup after analyzing the Market.
Happy Trading 🙂
