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
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
Check live levels for all scripts
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
| R4 | R3 | R2 | R1 | Pivot | S1 | S2 | S3 | S4 | |
| 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
Check all stocks
| Stock Name | CMP | Change (%) | Market Cap (Cr.) | Sector | Piotroski 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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