Nifty Prediction for 3 January 2025

Nifty opened positive and continued to trade in green for the whole day, rising over 2% above the 24,200 level during the day led by Auto, IT, and Consumption stocks, and as it continued to trade higher to the last – it highly anticipated that the upcoming days will also be bullish for the Indian market.

All the sectors traded in green where Nifty Auto rose the most with a 3.78% rise followed by the IT and Consumption sector, while Healthcare rose the least with 0.50% followed by Energy and Metal.

Nifty Prediction for 3 January 2025

On the technical chart, we have a big bullish candlestick on the daily timeframe breaking out from the Symmetrical Triangle Pattern, surpassing the resistance of 24,000 and 24,200 levels – but closing the day 12 points below the 24,200 level.

Anyway, today’s nearly 2% rally in the Nifty 50 indicates a strong comeback of Bulls in the market, and the market will likely continue to rise tomorrow, following today’s endless rally.

The technical Indicators like RSI, MACD, and PCR turn bullish for tomorrow where the RSI on the daily chart, rose to 52, while the MACD gives a positive crossover, and the PCR rose to 1.21 which is a bullish sign for the market.

While the market is turning bullish for the long term, forming a double-bottom Pattern, on the hourly or lesser timeframe the chart indicates an overbought condition – so there might be a little chance that the market first dives and then rises.

So, Traders, you must wait for confirmation before taking long positions.

Also Read:

Bank Nifty Prediction for Monday, 17 February 2025

By: Raaz Aryan

February 14, 2025

Nifty Support and Resistance for 3 January 2025

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.