Nifty Prediction For - 3 March 2025
Nifty Prediction For Today - 27 February 2025
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Nifty Prediction for 27th February
After staying in the green for most of the day, NIFTY ended the day marginally down. An Advance Decline Ratio of 0.6 indicates that many index constituents closed in the red. Top gainers were BHARTIARTL (2.3%) and M&M (+2.1%). On the other hand, DRREDDY (-3.1%), HINDALCO (-3.0%) and TRENT (-2.4%) were top losers. Gainers bucked the trend due to stock specific events around new deals and brokerage upgrades.
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Near and medium term technical outlook remains bearish as NIFTY heads for one of the worst losing streaks in two decades. Headwinds due to rich valuations, slowing growth and FII outflows continue to dominate investor sentiment. However, short and sharp rallies cannot be ruled out as RSI is at oversold levels. In the recent past, such rallies have happened when RSI levels fell to 30-35. Near term support and resistance levels are 22250/22066 and 22845/23029.
"Another weak day as RSI enters oversold territory"
Bank Nifty Prediction for 27th February
Similar to NIFTY, BANKNIFTY ended the day in red after remaining positive for most of the day. Heavyweights – ICICIBANK, HDFCBANK and KOTAKBANK – led with modest gains. However, a majority of constituents declined as evidenced in the poor ADR of 0.5. Also, nearly all the PSU banks have declined. A tale of two halves – a few winners, many losers. Near term support and resistance levels are 48029/47684 and 49143/49487.
Intraday levels for Nifty, Bank Nifty Levels and FINNIFTY Levels:
NIFTY | SENSEX | BANKNIFTY | FINNIFTY | |
Support 1 | 22250 | 73619 | 48029 | 22809 |
Support 2 | 22066 | 73011 | 47684 | 22669 |
Resistance 1 | 22845 | 75585 | 49143 | 23263 |
Resistance 2 | 23029 | 76193 | 49487 | 23403 |
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