The market prediction for tomorrow, January 17, 2025, looks promising, with the Nifty 50 index expected to bounce back till 23350-23400 levels ¹. The Sensex and Nifty 50 are likely to open higher, tracking a rally in global markets ².
Here are some key points to consider:
- *Nifty 50 Prediction*: The index is expected to meet resistance between 23,350 and 23,410 levels, while support is likely near 23,080, 23,010, or 22,970 levels ².
- *Bank Nifty Prediction*: The index gained 22.55 points to close at 48,751.70 on January 16, forming a High Wave-like candlestick pattern on the daily charts ².
- *Stocks to Watch*: Sumeet Bagadia recommends buying Welspun Corp, Raymond, Firstsource Solutions Limited, Avanti Feeds, and EID Parry ³.
- *Market Trends*: The Indian stock market is expected to be driven by earnings reports from companies like Reliance, Infosys, and Axis Bank ⁴.
Remember, market predictions are subject to change and should not be considered as investment advice. It's always a good idea to do your own research and consult with a financial expert before making any investment decisions.
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