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NIFTY Prediction for 02.01.2024 | Bullish or Bearish

NIFTY PREDICATION TODAY FOR TOMORROW

Summary

NIFTY (21,741) In this article we will provide complete predication of Nifty50 advance before one day. All our predictions are based on technical analysis which made by our team experts and professional software’s. Nifty Predication Today  team will continue update about Nifty50 advance predication on daily basis. To continue updating about predication of Nifty50 movement, please click on notification or bookmark this page of website for authentic information about stock market. 

Nifty50 Trend

Nifty overall trend is bullish till 21000. Today Nifty closed on 21689, after giving a good upside movement. last 30 Min in market a sudden crashed about 150 Points, which seems market has some fear and big players are now trying to market sudden up and down like pump and dump. This area is now not safe for small traders and needs too much caution to take any position on any side.  

Also Read : Stock market holidays: Check list of NSE Holiday 2024

FII and DII CAPITAL MARKET ACTIVITY -01.01.2024

INSTITUTION  BUY VALUE  SELL VALUE  NET VALUE 
FII RS. 1311.29 CRORES  RS. 2167.09 CRORES  RS. -855.8   CRORES *
DII RS. 7004.39 CRORES  RS. 6593.93 CRORES  RS. 410.46 CRORES 

FII Derivative Market Activity -01.01.2024

Particulars  Activity 
Index Futures RS. -285.35 CRORES 
Index Option  RS. 21175.32 CRORES 
Stock Futures Rs. -1315 CRORES
Stock Option Rs. -1116.07 CRORES

Also Read : How to Predict Bank Nifty Movement in Advance?

FII and DII Report :-

FII has sold on starting of the first day of 2024. also buy a huge index option. This indicate some extra cautions is required to take now upside trade or fresh buy until clear move. after 3-4 days market will decided its clear movement.  

PUT CALL RATIO NIFTY FUTURE

MONTH PCR
25 JAN 2024 1.26
29 FEB 2024 1.26
28  MAR 2024 1.26
  •  PCR is normal.

SUPPORT AND RESISTANCE FOR INTRADAY (02.01.2024) :-

Nifty last closed on 01.01.2024 on its support 21,680 and break on 02.01.2024 will you see more fall in intraday. Below 21564 we see more panic in market,  so plan your trade accordingly :

NIFTY Support         21,680 – 21,629- 21,564- 21,510

NIFTY Resistance    21,750- 21800 – 21,870 – 21927

Strategy for Next day (02.01.2024) 

 We will short if break below 21680 with strict stop loss as overall market trend is bullish. Wait first 30 Min to take any trade in morning and avoid any trade if in range of 30 Min. 

Niftypredictiontoday.com

NIFTY Tentative Range – 21510———————————————————– 22222

Also read :- Latest News for next year

Nifty 50 Min Chart

Nifty50 Min Chart
Nifty 50 15 Min Chart

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Yes Bank Share price Target 2024,2025,2030 Tata Steel Share Price Target 2025, 2030, 2040, 2050 Tata Motors Share Price Target 2025, 2030, 2040, 2050 Stock market holidays: No Trading on 14 weekdays in 2024, Check list of NSE Holiday 2024 nvidia stock forecast 2040
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