*Daily Nifty 14th February 2025 Friday* *What We discussed Yesterday: Nifty was 23045* Considering the falling inflation and Nifty making the “Doji” candle yesterday the important level to track today should be 23145, the head of Doji. The recovery back after the 5 days of continuous 1009 points fall could again re-enter if & only if Nifty is able to move and sustain above 23145 & in such a case the recovery could be seen towards 23194, 23342 or even 23540 (50 EDMA). Nifty’s failure to move above 23145 can drag Nifty towards the fall of 22501 making the new low of last 94 days fall. Hence it would be highly advisable to track 231454 closely today for the decisive move ahead. Strategy should be, 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 23031* As discussed yesterday, Nifty was able to move above 23145 at 9:50 and hence we saw the recovery towards 23235, but during the second half selling pressure was seen and Nifty closed near previous day's close suggesting indecisiveness. Yesterday the Nifty made a higher high high low and the flat closed after 5 days of lower high and lower low with damage of 1009 points. 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 (82-13 days = 69 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 95 days (82+13) 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 consumed 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, hence 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 as well as current near term recovery. We saw the recovery in the Nifty for the last 13 days assuming that the “x” phase started from 27th January and could last till 21st May with the recovery towards 25907. Yesterday was the 1st day again with the higher high higher low, but the flat closed. *What to expect Today: Nifty is 23031* Considering the 1st higher high higher low after the continuous 5 days fall, the important level to track today should be yesterday’s low 22992. Nifty’ …full report at: https://profitfromit.co.in/course/NIFTY-50-Daily-Tracker-Stock-Market-Index/lessons/419/read *USDINR: 86.69* As assumed we saw the fall towards 86.3. The important level to track further should be 87.10 as USD INR sustaining below 87.10 can fall further towards 86. Strength again could be gained if USD INR sustains above 87.10, hence should track 87.10 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