Nifty Ends Friday Above 24,000. Analyst Recommends Key Strategies, SL & Targets For Next Week

The new year rally has taken a pause as Indian markets slipped into bearish territory on the third trading day of 2025. On Friday, January 3rd, the Nifty fell by 183.90 points (-0.76%) to close at 24,004.75, while the Sensex ended at 79,223.11, down by 720.60 points (-0.90%). Major indices such as Nifty Bank, Pharma, IT, and Financial Services witnessed over a percentage drop, adding to the market's bearish tone. However, Nifty Media (+1.7%) and Nifty Oil & Gas (+1.2%) tried to provide support but couldn't beat the bears. What should investors do in this volatile market? Raghvendra Singh, a market expert, shares his insights. According to him, the 24,000 and 23,800 levels will act as strong support zones for Nifty, with the possibility of touching 24,800 or even 25,000 in January. For the upcoming week, Nifty is expected to trade between 24,700–24,600 on the higher side and 23,800 on the lower side. In Bank Nifty, strong support is seen at 50,800–51,000, with potential to reach 53,000 on the upside. Stay tuned to Business Today TV for more expert views, market analysis, and strategies to navigate these uncertain times. Watch our exclusive Market Closing Show to know where to invest and how to prepare for the coming week.