Nifty Prediction For Today - 27 February 2025

resr 5paisa Research Team

Last Updated: 27th February 2025 - 05:51 pm

2 min read
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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.

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"

 

Nifty Prediction Chart 25 Feb 2025

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.

Nifty Prediction 27 Feb 2025

 

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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