Elite Wealth Limited
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Buy BAJFINANCE FUT CMP 8455 FOR THE Target 8515 / 8545 SL TAKE 8395( FOR DISCLAIMER & MORE VISIT WWW.ELITEWEALTH.IN)
Morning Market Update Nifty closed at 22,553.35 (−242.55) and Sensex at 74,454.41 (−856.66) on Monday. GIFT Nifty was trading at 22,592.5 FIIs net sold equities in cash to the tune of Rs 6,287 cr whereas DIIs bought equities in cash worth Rs 5,186 cr on February 24, 2025 *GIFT NIFTY (22516,-36)* : US Mixed, ASIA DOWN, NIFTY TO OPEN NEGATIVE. NIFTY SUPPORT 22500, HURDLE 23000 / 23100 *NIFTY Spot* (Close - 22553) Nifty after breaking imporant support of 22800 has tested 22500. Now 22500 seems to be another strong support zone. If NIFTY breaks 22500 convincingly, we may see huge selling pressure which can lead the index to 22200 / 22000 / 21800 or more on the lower side. On breaking below 22500 downward momentum will be seen extreme. If 22500 doest get broken, we may see some immediate bounce in NIFTY. Now nearest hurdle is seen at 22800 followed with 23000. Overall trend seems highly uncertain. Traders are Investors are cautioned for movement ahead *BANKNIFTY Spot* (Close - 48651) BANKNIFTY too has seen some fall and manages to erase some of the losses. Index has nearest support at 48000 / 47800. On breaking below 47800, We may see BankNifty resuming its downward rally which can lead the index to 46500 or more on the lower side. On the other hand, BankNifty has nearest hurdle at 49500 and Major hurdle is seen at 50500. Overall trend seems highly uncertain. Stay Cautious.
*BAJ FINANCE FUT 8510 HIGH MAKE Keep booking Profits , CALLL GIVEN @ 8455*
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Buy call BIOCON CMP 322.80-323 FOR THE TARGET 335+ 340+ & SL TAKE 313 TIME ZONE 4-5 DAYS (FOR DISCLAIMER & MORE VISIT WWW.ELITEWEALTH.IN)