In today’s stock market, Sensex and Nifty Hit Eight-Month Low as Broad-Based Sell-Off Drags IT and Metal Stocks
Stock Market Nifty Chart Prediction
On February 24, Sensex was down 856.65 points at 74,454.41, and the Nifty was down 242.55 points at 22,553.35. About 1126 shares advanced, -2526 shares declined, and 140 shares unchanged.
Top Nifty gainers: M&M, Eicher Motors, Dr Reddy’s Labs, Hero MotoCorp and Kotak Mahindra Bank.
Top Nifty Losers: Wipro, HCL Technologies, Infosys, TCS, Tata Steel.
All sectoral indices, except for auto, pharma, and FMCG, closed in the red, with the IT, metal, and telecom indices dropping by 2%.
Nifty Midcap and smallcap indices shed 1%
Stock Prediction for 25th Feb 2025
| STOCK | Good Above | Weak Below |
| EICHERMOT | 5041 | 4975 |
| GLENMARK | 1332 | 1314 |
| TORNTPOWER | 1314 | 1296 |
| VBL | 502 | 496 |
Prediction for Tuesday NIFTY can go up if it goes above 22,700 or down after the level of 22,600, but it all depends upon the Global cues.
On Monday, Nifty saw a downside breakout of its range and ended the day 242 points lower. The market opened with a gap down and continued to slide, moving within a range during the early to mid-session. Choppy price action persisted toward the close, with Nifty finishing near the day’s lowest point. Resistance is seen at 22700-22800 on the upside, while support is at 22600-22500 on the downside.
| Highest Call Writing at | 22,700 (1.4 Cr) |
| Highest Put Writing at | 22,600 (89.4 Lk) |
Nifty Support and Resistance
| Support | 22,600 and 22,500 |
| Resistance | 22,700 and 22,800 |
Bank Nifty Daily Chart Prediction
Prediction For Tuesday, Bank NIFTY can go up if it goes above 48,800 or down after the level of 48,300, but it all depends upon the Global cues.
Banknifty is currently experiencing a downward trend. If you are holding short positions, it’s advisable to maintain them with a daily closing stop loss at 49187. Resistance levels on the upside are at 48800-49500, while support levels on the downside are at 48300-47500.
| Highest Call Writing at | 48,800 (24.1 Lakh) |
| Highest Put Writing at | 48,300 (16.0 Lakh) |
Bank Nifty Support and Resistance
| Support | 48,300 and 47,500 |
| Resistance | 48,800 and 49,500 |
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