*Daily Nifty 12th February 2025 Wednesday* *What We discussed Yesterday: Nifty was 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 even continue further for the 4th day in a row towards 23276 to even 23222. Buying should be seen at 23222. Nifty taking support at 23222 can again help Nifty recover further towards 23782 as well as new “x” phase high. Only falling below 23222 can drag Nifty lower towards 23023, hence it would be highly advisable to track 23222 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 23072* As discussed yesterday, Nifty fell further for the 4th day in a row towards 23276 during the 1st hour itself and later even till 23222 around 12:45 noon. Nifty fell even below 23222 and hence the fall was seen till 22987 which was more then estimated and closed at 23071. Yesterday was the 4th day for Nifty making the lower high lower low and the lower close, as well as weekly lower low after the 2 weeks of higher high. 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 (82-11 days = 71 days remaining) 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) as expected 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 where 21716 stays pending. Anyway, Nifty has now entered the “x” recovery phase 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 11 days assuming that the “x” phase started from 27th January and could last till 21st May with the recovery towards 25907. Last 4 days again we saw lower highs & lower lows with the fall of 820 points. *What to expect Today: Nifty is 23382* Any recovery till 23312 to even 23390 should be considered as the normal bounce back and not the strong recovery that can make a new recovery high …full report at: https://profitfromit.co.in/course/NIFTY-50-Daily-Tracker-Stock-Market-Index/lessons/419/read *Crude:* CMP: 73.16 The recovery towards 74.3 could be seen. *USDINR:* 86.81 As assumed we saw the fall towards 86.9. The important level to track further should be 86.9 as USD INR sustaining below 86.9 can fall further towards 86. Strength again could be gained if USD INR sustains above 86.9, hence should track 86.9 closely for the decisive move ahead. *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