Nifty Prediction For - 3 March 2025

resr 5paisa Research Team 5paisa Research Team

Last Updated: 28th February 2025 - 05:14 pm

2 min read
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Nifty Prediction for 3rd March 

In an intensifying selloff, NIFTY crashed 1.9%. IT was the worst performing sector, followed by AUTO stocks. The respective indices for IT and AUTO corrected by 4.2% and 3.9%. The largest 5 IT stocks in NIFTY fell by 3.5% to 6.4%. Predictably, ADR was extremely bearish; with 90% of NIFTY stocks closing in the red. COALINDIA, HDFCBANK & SHRIRAMFIN bucked the trend and were up 1% to 2%. Banking and Financial Services stocks fared relatively better with less than a 1% correction. All other sectoral indices corrected by more than 1%.

After a fifth straight month of negative returns, NIFTY has fallen more than 15% from its September highs. The correction has been persistent and significant. External shocks due to Tariff war, FII selling pressure and rich valuations have been the pain points for NIFTY. After today’s sharp correction RSI has entered a highly oversold territory and may support short rallies. Medium trend continues to be bearish. Near term support and resistance levels are 21779/21566 and 22470/22684.

"Selloff Intensifies as Tariff Fears Mount!"

Nifty Outlook 3 March 2025

 

Bank Nifty Prediction for 3rd March

Banking & Financial services stocks fared better than other sectors. While NIFTY closed at day’s low, BANK NIFTY recovered 250 points from the day’s low. Optimism related to RBI’s easing of risk weights for NBFC financing likely helped banking stocks again. Among top performers were HDFCBANK (+1.7%) and AUBANK (+1.5%).  PNB (-5.0%) and INDUSINDBK (-7.1%) were the worst performers. Most constituents closed in the red as evidenced in the bearish ADR of 16%. Near term support and resistance levels are 47551/47855 and 48835/49138.

 

Bank Nifty Outlook for 3 March 2025

Intraday levels  for Nifty, Bank Nifty Levels and  FINNIFTY Levels:

  NIFTY  SENSEX BANKNIFTY FINNIFTY
Support 1 21779 72087 47855 22861
Support 2 21566 71400 47551 22757
Resistance 1 22470 74309 48835 23197
Resistance 2 22684 74997 49138 23301

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