JMFS Research Official
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

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