*Daily Nifty 17th February 2025 Monday* *What We discussed Yesterday: Nifty was 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’s strength to sustain above 22992 can help Nifty recover towards 23181, Can even make the 2nd higher high in a row till 23330 or even till 23424 (50 EDMA). Such a recovery could confirm our assumption of “x” recovery phase till 21st May with Nifty towards initially 23568 and later further 25907. The -ve trend in the current situation could again re-enter before Nifty triggers 23568 if & only if Nifty falls below 22992 else biases could be flat to +ve, hence it would be highly advisable to track 22992 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 22292* As discussed on Friday, Nifty was not able to sustain above 22992, & we saw the fall towards 22775 which was the new low for the whole fall since the last 96 days, However Nifty was able to close above previous low of 22786 at 22929. Yesterday Nifty made the lowest low of 96 days, lower high and the lower close. The damage of 1032 points was seen in the last 8 days which is 4.4%. The correction in Nifty started from 30th September & we saw the total damage of 3502 points in the total 96 days (82+14) 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-x) = 3502 points (-13.3%). From the 1st month itself we have set the 2 lower targets 23550 & 21716. 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 (82-14 days = 68 days remaining) which comes on 21st May. Till now we have already seen the Nifty triggered 23550 with the low of 22775 where 21716 stays pending. Anyway, It seems that Nifty has entered the “x” recovery phase which could be seen till 25530 to 25907 in nearly 82 days starting from 28th Jan. Nifty could be trapped in the above range of 2553 to 25907, where some 5% profits booking can be done. 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 Nifty in the recovery phase for the last 14 days assuming that the “x” phase started from 28th January and could last till 21st May with the recovery towards 25907. Yesterday was the 8th day again of the fall within the “x” recovery phase. *What to expect Today: Nifty is 22930* Nifty made a new low of last 96 days but closing above previous low suggest still Nifty in “x” recovery phase. Hence the level to track today should be 2…full report at: https://profitfromit.co.in/course/NIFTY-50-Daily-Tracker-Stock-Market-Index/lessons/419/read *USDINR: 86.62* The fall towards 86.15 could be seen initially. *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