Nifty Prediction For today - 28 February 2025

resr 5paisa Research Team

Last Updated: 28th February 2025 - 11:25 am

2 min read
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Nifty Prediction for 28th February 

In an unusually calm expiry day, NIFTY traded in a 50pts range and closed nearly flat. ADR continues to reflect bearishness as a majority of index stocks fell. Also, all the broader indices fell; with midcap and small cap indices correcting sharply. NBFC stocks – SHRIRAMFIN, BAJAJFINSV, BAJFINANCE – bucked the trend and were top performers. Their stock prices rallied after RBI eased risk weights on bank finance to NBFCs. On the other hand, top losers were ULTRACEMCO, TRENT AND BAJAJ-AUTO.

Technically, the near Doji patterns with small wicks indicate a lack of conviction amongst buyers and sellers. Also, the momentum indicators continue to be negative. However, RSI is at oversold levels and short rallies cannot be ruled out. Near term support and resistance levels are 22265/22092 and 22825/22998.

"An unusually calm day for NIFTY"

Nifty Prediction 28 Feb 2025

 

Bank Nifty Prediction for 28th February

BANK NIFTY fared better, likely driven by RBI’s easing of risk weights for NBFC loans. AUBANK rallied 6.2% and was the top performer. It was joined by heavyweights HDFCBANK (0.95%) and AXISBANK (0.83%). On the other hand, PSU banks (CANBK, PNB, SBIN) and KOTAKBANK were among the top losers. ADR was marginally weak as only 5 of the constituents were in the green.  Overall, a positive sentiment was dampened by broader weakness. BANK NIFTY is finding better support at current levels and an index close above trendlines could indicate a shift in momentum. Near term support and resistance levels are 48187/47842 and 49301/49645.

Bank Nifty Prediction 28 Feb 2025

 

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

  NIFTY  SENSEX BANKNIFTY FINNIFTY
Support 1 22265 73676 48187 22947
Support 2 22092 73096 47842 22807
Resistance 1 22825 75549 49301 23400
Resistance 2 22998 76129 49645 23541

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