Nifty 50 prediction today

NIFTY 50

As on 24 Feb, 2025 10:14am.

22572.15

-223.75 ( -0.98 %)

*As mandated by Exchange & other statutory authorities, the data feeds are delayed by 15 mins.

Range

Daily

52 Weeks

Low

High

22560.30

22668.05

Open

22609.35

Prev.Close

22795.90

Volume

51809329

Gift Nifty is trading at 22908 , down by 48.00 points, indicating flat to Negative opening for Nifty.
Rupee Desk - USD/INR: 
Currently trading at 86.87
Short term - Technical Outlook
The Indian stock market is likely to open on a negative note today, influenced by global market sentiment. Gift Nifty is trading lower, down by 114 points at 22,679, while the U.S. market ended on a mixed note.

On the 15-minute chart, Nifty has broken out from a descending channel and has been consolidating within the 22,800–23,030 range. In yesterday’s session, the market saw strong consolidation, with Nifty closing slightly lower by 117 points at 22,795. A strong momentum can be expected only above the 23,037 range, while a new trendline resistance has also formed, as seen in the chart. For intraday momentum, Nifty needs to sustain above 22,890 to trigger an upward move; conversely, a break below 22,710 could lead to further downside and may result in a new low, negatively impacting sentiment.

Key Market Factors:
India's GDP growth rate for Q4 will be published on February 28, which could significantly impact market sentiment and increase volatility. Current projections suggest economic growth may slow to 6.4% for the fiscal year—the lowest in four years—potentially adding further pressure on equities. Meanwhile, the U.S. market failed to sustain higher levels and is currently undergoing a retesting phase; if this trend continues, the Indian market may also witness a decline. On a positive note, the Indian rupee has been consolidating between 86–87, and both bond yields and the dollar index are trading in a narrow range, contributing to overall market stability.

Nifty Rebalancing Update:
NSE Indices recently announced index rebalancing, with Britannia and BPCL being removed from the Nifty 50, effective from March 2025. In addition, JioFin and Zomato will be added to the index.

FII & DII Activity:
Foreign Institutional Investors (FIIs) offloaded 3,449 crore in the last session, while Domestic Institutional Investors (DIIs) purchased 2,884 crore. So far this month, FIIs have sold 36,976 crore and DIIs have purchased 42,601 crore, indicating domestic buying is helping to absorb selling pressure from abroad.
Short term Research Report Call
Buy above 22,880 | Targets: 22,960, 23,037, 23,156 | Stop-loss: 22,830
Sell below 22,720 | Targets: 22,640, 22,570, 22,470 | Stop-loss: 22,780
Short term Chart

Long term - Technical Outlook
On the 4-hour chart, Nifty is trading within a falling wedge pattern and ended the last session at 22,679.  The falling wedge support is placed in the 22,620–22,600 range. A break below the 22,800 level could add further negativity. Conversely, a strong breakout above the 23,500–23,550 range could propel Nifty toward the 24,000–24,500 levels. In the last few sessions, Nifty has been consolidating, indicating a possibility of reversal from this level.

Economic Growth & GDP Impact:
India's GDP growth rate for Q4 will be published on February 28, which could significantly impact market sentiment and increase volatility. Current projections suggest economic growth may slow to 6.4% for the fiscal year, marking the lowest in four years. If the GDP figure falls below expectations, it could add further selling pressure to the markets.

FII & DII Activity:
Foreign Institutional Investors (FIIs) offloaded 3,449 crore in the last session, while Domestic Institutional Investors (DIIs) purchased 2,884 crore. So far this month, FIIs have sold 36,976 crore, whereas DIIs have bought 42,601 crore, indicating strong domestic support despite foreign outflows.
Long term Research Report Call
Buy above: 23,550 | Targets: 23,750, 24,000, 24,250 | Stop-loss: 23,600
Sell below: 22,800 | Targets: 22,600, 22,400, 22,200 | Stop-loss: 22,900
Long term Chart

Market View

February 24th 2025

Market View

Resistance 22,700

Market View

Support 22,500

FII & DII Activities

Particular

FIIs

DIIs

Net Purchase/ Sales (Cr)

21 Feb 2025

-3,449.15

+2,884.61

MTD-May (Cr)

February

-36,976.7

+42,601.02

The Indian stock market continued its downward trend, with Sensex and Nifty opening lower for the fifth straight session. The Sensex fell 0.63% to 74,837.88, while the Nifty declined 0.65% to 22,647.85. Nifty Bank also dropped 0.74% to 48,619.80, reflecting cautious investor sentiment amid market volatility.  

Technically, both indices are in a lower-top formation and trading below the 20-day SMA, indicating weakness. A technical pullback is possible if Nifty holds above 22,950 and Sensex above 76,000, with upside targets at 23,100-23,200 and 76,500-76,800, respectively. However, a drop below 22,720 (Nifty) and 75,100 (Sensex) could extend the correction to 22,400-22,500 and 74,100-74,400.  

Market headwinds include heavy FII selling, global uncertainty over Trump’s tariffs, and a shift toward Chinese equities. Rising US inflation expectations reduce the likelihood of a Fed rate cut, which could impact global markets. FII outflows since September total $25 billion, while DIIs provided some support with net inflows of ?16,582 crore. India’s GDP is expected to slow to 6.4% this fiscal year, raising concerns over corporate profitability and economic stability.

Global Market

February 24th 2025

NASDAQ

USA

19,533.49

-428.87   -2.15

22nd February

Dow Jones

USA

43,600.5

172.48   0.4

24th February

FTSE

UK

8,659.37

-3.6   -0.04

21st February

DAX

GERMAN

22,287.56

-27.09   -0.12

21st February

GIFT Nifty

Singapore

22,712.5

-79.5   -0.35

24th February

NIKKEI 225

Japan

38,776.94

0   0

21st February

Shanghai

China

3,379.91

0.8   0.02

24th February

S&P 500

USA

6,014.97

-102.55   -1.68

22nd February

Market at Closing

February 21st 2025

Top Gainers

HINDALCO

652.15

13.35  2.09

TATASTEEL

140.6

2.56  1.85

EICHERMOT

4,968

79.6  1.63

LT

3,315.5

39.7  1.21

Top Losers

M&M

2,663.5

-175.95  -6.2

ADANIPORTS

1,082

-29.7  -2.67

BPCL

251.7

-6.9  -2.67

TATAMOTORS

672.4

-17.4  -2.52

Technicals

Pivot Advanced Levels

Buy Above

22844.51

R1

22888.67

R2

22934.83

R3

23017.11

Stop Loss

22792.33

Pivot

22812.40

(All values are in INR)

Sell Below

22780.29

S1

22736.13

S2

22689.97

S3

22607.69

Stop Loss

22832.47

Pivot Basic Levels

R4R3R2R1PivotS1S2S3S4
Classic

23197.30

23105.20

23013.10

22904.50

22812.40

22703.80

22611.70

22503.10

22394.50

Woodie

23410.38

23096.95

23008.98

22896.25

22808.28

22695.55

22607.58

22494.85

22206.17

Camarilla

22906.29

22851.09

22832.70

22814.30

22812.40

22777.50

22759.10

22740.71

22685.51

Moving Averages

Bullish

Bearish

EMA

SMA

5 Day

20010.72

10 Day

19439.30

20 Day

18940.30

50 Day

18437.75

100 Day

18141.51

200 Day

17849.46

Momentum Oscillators

Stoch RSI

0.00

ROC

-4.37

Ultimate

49.18

Williams

-99.05

CCI

-141.69

Stochastic

8.42

RSI

55.00

Bullish

3

Bearish

1

Neutral

3

Trend Oscillators & Volatility

ATR

129.76

Low Volatility

MACD

239.22

Bullish

Bullish

1

Bearish

0

Neutral

0

Nifty Stock List

Stock NameCMPChange (%)Market Cap (Cr.)SectorPiotroski Score
RELIANCE

1213.4

-1.201

1661369.37

Oil & Gas

7 / 9

TCS

3712.4

-1.944

1369717.5

Software & IT Services

7 / 9

HDFCBANK

604.5

1.0616

1294152.81

Banks

3 / 9

HDFCBANK

1669.15

-1.3796

1294152.81

Banks

3 / 9

BHARTIARTL

1615.55

-1.4458

998505.3

Telecom

8 / 9

Disclaimer: Investment in securities/commodities market subject to market risk, read all the related documents carefully before investing/trading.

Analyst Certification: I/We, Ayushi Jain Research Analyst, authors, and the name subscribed to this report, hereby certify that all the views expressed in this research report accurately reflect our views about the subject issuer(s) or securities. We also certify that no part of our compensation was, is, or will be directly or indirectly related to the specific recommendation(s) or view(s) in this report. NISM Research Analyst registration number – NISM-201900015194.

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