
JMFS Research Official
February 28, 2025 at 05:27 AM
1. In last 10 years Nifty daily RSI has gone below 25 only 5 times.
2. Once Nifty RSI hits 25 and below it takes a maximum of 1 month of base formation for the market.
3. March 2025 could be the month where we form a base after hitting 21,800 which is multiple support area - 500 DEMA / 200 WMA.
4. April 2025 is where one can expect a structural recovery i.e. Earnings season can drive prices higher due to low base effect.
5. Junior Nifty or Junior Bees is down 25% from Peak. Advise to BUY for 6-12 month time frame.
6. Private Banks, NBFCs and RELIANCE are outperforming
7. Top Picks: Junior Nifty and AXISBANK
Regards,
Rahul Sharma