*Daily Nifty 11th February 2025 Tuesday* *What We discussed Yesterday: Nifty was 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 the temporary fall towards 23437 or even 23314. The strongest support for this week should be 23222. However, Nifty’s strength to move beyond 23695 can help Nifty continue the “x” phase recovery mode towards 23689, 23818 or even 23941. Hence it would be highly advisable to track 23695 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 23382* As discussed yesterday, Nifty was not able to move beyond 23694 & hence we saw the fall exactly till the estimated target of 23316. Yesterday was the 3rd day in a row for Nifty with the lower high lower low and the lower close. Last week was the 2nd week for Nifty with the weekly higher high higher low and the higher close after a 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 on 21st May. The correction in Nifty started from 30th September & we saw the total damage of 3490 points in the total 92 days (82+10) 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 & some 5% profits booking can be done there. We should consider the whole range of 23550 to 21716 as the strong buying zone and do SIP more. Enjoy the whole correction to take the benefits of long term investing. We saw the recovery in the Nifty for the last 10 days assuming that the “x” phase has started from 27th January and could last till 21st May with the recovery towards 25907. Last 3 days again we saw lower highs & lower lows. *What to expect Today: Nifty is 23382* Considering lower high lower low for the 3 days in a row the important level to track today should be 23222. The -ve trend we saw for the 3 days could ev…full report at: https://profitfromit.co.in/course/NIFTY-50-Daily-Tracker-Stock-Market-Index/lessons/419/read +ve Indices: -ve Indices: Nifty_50, Next_50, Nifty_100_200_500, Smallcap, Commodities, Consumption, CPSE, Div_Opportunity, Energy, Infra, Media, Metal, MNC, Growth, Value_20, PSE, PSUBank, Realty, *Crude:* CMP: 72.4 The recovery towards 74.3 could be seen. *USDINR:* 87.49 USD INR falling below 87.4 can get lower towards 86.9. *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