*Daily Nifty 10th February 2025 Monday* *What We discussed Yesterday: Nifty was 23603* Considering the MPC meet decision today the important level to track today should be 23774 yesterday’s high. Nifty’s strength to move and sustain above 23774 can help recover further towards 23847 which would be the highest high for current “x” recovery phase or even 23950. The recovery is assumed till 24200 in the next few days. The -ve trend in the current situation could again re-enter initially towards 23298 if & only if Nifty fails to sustain above 23774 else biases could be flat to +ve. Hence it would be highly advisable to track 23774 closely today for the decisive move ahead. The whole range of 23550 to 21716 is the strong buying zone ahead in the Near term with the recovery target for 25907. Anyway strategy should be simple, buy during falls and avoid buying during rallies. *What Happened Yesterday: Nifty is 23560* As discussed on Friday, Nifty was not able to move beyond 23774 & hence we saw the fall till 23443. Yesterday was the 2nd day in a row for Nifty with the lower high lower low and the lower close, but both of these days Nifty was able to at least close above 50 EDMA 23549. Last week was the 2nd week for Nifty with the weekly higher high higher low and the higher close. week for Nifty making weekly higher high higher low and the higher close after long fall. We can assume the end of the 36 day fall on 27th Jan & currently Nifty is towards the recovery phase “x” which could be seen overall till 25530 to 25907 in nearly 82 days which comes at 21st May. The correction in Nifty started from 30th September & we saw the total damage of 3490 points in the total 91 days (82+9) which is 13.3% damage. The fall can be splitted into 4 phases. The first fall ‘a’ phase was seen for 36 days & 3014 points (-11.5%) which was followed by the “b” recovery phase consuming just 10 days & 1595 points which was 6.9% recovery. The Nifty entered in “c” fall which started from 6th December consuming exactly 36 days (similar to “a” fall) and 2071 points damaging 8.3% again. Total damage (a-b+c) = 3490 points (-13.3%). From the 1st month itself we have set the 2 lower targets 23550 & 21716. Till now we have already seen the Nifty triggered 23550 with the low of 22787. Anyway, Nifty has now entered the “x” recovery wave which could be seen till 25530 to 25907 in nearly 82 days where again Nifty could be trapped. We should consider the whole range of 23550 to 21716 as the strong buying zone and do SIP more as strong recovery in the “x” phase towards 25530 to 25907 should be seen where some profits can be booked. Enjoy the whole correction to take the benefits of long term investing. We saw the recovery in the Nifty for the last 9 days assuming that the “x” phase has started from 27th January and could last till 21st May with the recovery towards 25907. Last both days we saw lower high lower low. *What to expect Today: Nifty is 23560* Considering lower high lower low for the 2 days the important level to track today should be 23695. Nifty’s failure to move beyond 23695 can attract th …full report at: https://profitfromit.co.in/course/NIFTY-50-Daily-Tracker-Stock-Market-Index/lessons/419/read +ve Indices: -ve Indices: Midcap, Energy, FMCG, Media, Value_20, PSUBank, *Insider Stories: Big Fish Activities* 📈 **Promoter Ultratech Bought India Cements** on 04/02/24 in the quantity of 8 Cr shares, which is a big 26% stake. Now they hold 81.5% stake. 📉 **Smallcap World Fund Sold IIFL Finance** on 04/02/25 in the quantity of 54.88 Lakh shares, which is a big 2.05% stake. Now they hold 5.2% stake. 📉 **BAO Value Fund Sold Lerthai Finance** on 04/02/25 in the quantity of 36600 shares, which is a big 5.23% stake. Now they hold 2.14% stake. 📈 **HDFC MF Bought HPCL** on 04/02/24 in the quantity of 15.84 Lakh shares, which is a big 0.07% stake. Now they hold 5.04% stake. 📈 **Canara Robeco Mutual Fund Bought Praj Industries** on 01/02/24 in the quantity of 95192 shares, which is a big 0.05% stake. Now they hold 5.02% stake. DISCLOSURE: FOR EDUCATION PURPOSES, DO NOT TREAT AS A RECOMMENDATION Nifty Daily/Weekly/Monthly/Yearly Updates only at: https://profitfromit.co.in/course/NIFTY-50-Daily-Tracker-Stock-Market-Index/lessons/419/read