*Daily Nifty 18th February 2025 Tuesday* *What We discussed Yesterday: Nifty was 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 23133 which is Friday high as well as 52 WEMA. Any recovery till 23133 should be treated as the normal bounce back and not the strong recovery. Nifty’s strength to move beyond and sustain above 23133 can only help Nifty recover till 23305 or even 23476 (50 EDMA). However, Nifty’s failure to move above 23133 can drag Nifty lower towards 22399 taking further towards the pending target of 21716 continuing the correction of the last 96 days closing the assumption of “x’ recovery phase. Hence the level to track today should be 23133 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 22960* As discussed yesterday, Nifty made the lower low lower high but close was higher showing the attempt to sustain, yet strength should be seen only once Nifty is able to make the 1st higher high. Yesterday was the lowest low of 97 days but closing was high showing some buying attempt. The damage of 1081 points was seen in the last 9 days which is 4.5%. The correction in Nifty started from 30th September & we saw the total damage of 3522 points in the total 97 days (82+15) which is 13.4% 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 (82-15 days = 67 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 15 days assuming that the “x” phase started from 28th January and could last till 21st May with the recovery towards 25907. Yesterday was the 9th day again of the fall within the “x” recovery phase. Nifty’s failure to sustain here can drag towards the pending target of 21716. *What to expect Today: Nifty is 22960* Considering the buying from the lower level, the important level to track today should be 22975. The +ve bais again after the total fall of 97 days co…full report at: https://profitfromit.co.in/course/NIFTY-50-Daily-Tracker-Stock-Market-Index/lessons/419/read *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