Stock Market Today: Major Domestic Index, Nifty 50 And Sensex fell on Monday as weak investor Bhavna remained due to elevated stock valuation, lack of uncertainty in corporate income and global trade.
The Nifty was 0.12% to 22,901 at 50 14:18 IST, while the BSE Sensex decreased by 0.11%. Analysts stated that the market decline is inspired by ongoing sales from foreign investors, with the primary factor to sell with disappointing corporate income.
The main investment strategist of Geojit Financial Services, Dr. VK Vijaykumar mentioned that the dollar signs of earnings and declining dollar needs to change the current negative trend in the market. They believe that this may happen soon. India’s macroeconomic indicators are strong, and both growth and earnings are estimated.
Trump tariff is expected to increase inflation in the US, indicating a Hawkish response from the Federal Reserve, leading to a decline in both US markets and dollars. While this can happen, time remains uncertain.
Market Views – Vinay Rajni, Senior Technical and Drainage Analysts, HDFC Securities
Nifty 50
The Nifty 50 is in the continuity of a dowtrand as it is trading below all its important moving average. During the final session of the week, the Nifty 50 got support near 22,750–22,800 and scored more than 180 points. If wears 22,750, it will be a fast triple bottom formation on the chart.
Sustainable level below 22,750, Nifty 50 can slide below for the next support of 22,460, which is 76.4% Fibonacci retracement of the full rise from 21,281 (4 June 2024 less) to 26,277 (September 2024). On the high side, the immediate resistance to the Nifty 50 is seen at 23,235. Removal resistance for
The Nifty 50 is seen in a band of 23500-23600, where the sloping trend line at the bottom, 50 and 200 days matches the EMAS daily chart. The current month is the fifth consecutive month of decline in Nifty 50. The Nifty 50 has never fallen more than five months since the establishment of the Nifty 50 in history. This increases the possibility of recovery in the coming months. The percentage of shares above 200 DMA in the NSE500 universe has reached 14%. Historically the major below trends have seen the formation below when this number reaches the extreme oversold zone of 11% to 13%. According to this data, we can say that the current reading is on the verge of touching the extreme area and soon, at any time, market recovery can be registered.
Technical Pix: Stock to buy in near period
Buy PRETIGE Estate (1227) | Target Rs. 1265 | Lack closed 1210
On 13 February 2025, Reputation property The formation of the inverted hammer candlestick pattern on the daily chart, which reverse the potentially rapid trend. Osilateers have oversold over the daily and weekly deadline.
Sell Scient (1426): | Target Rs. 1380 | Lack closed 1445
Infotech enterprises The share price is broken under the “flag” pattern on the daily chart. Midcap IT stocks have started looking weak and weak on the chart. The recession has changed on the indicator and the oscillator daily chart.
Disclaimer: The above views and recommendations belong to separate analysts, experts and broking companies, not mint. We recommend investors to investigate with certified experts before taking any investment decisions.
