Riddhi Siddhi Share Brokers News Channel
Riddhi Siddhi Share Brokers News Channel
February 27, 2025 at 10:41 AM
*Riddhi Siddhi Share Brokers Latest after the Bell @ 4.00 PM -- Thursday, February 27th 2025* NIFTY (-3, 22545) Sensex (+10, 74612) Bank Nifty (+135, 48743) *Well, the way Nifty moved in today’s session would have put a tortoise to shame. And you could also compare the market’s range with that of a porcupine’s spines.* # Net-net, it was a lackluster and uninspiring trading session. # The Bad News: 1) Amongst stocks, the stock price of Polycab (-18%) tumbled, Havells India (-7%), KEI Industries (-21%) while those of Finolex Cables (-6%) after UltraTech Cement announced that it proposes to extend its presence in the construction value chain with a foray into the wires and cables segment through a capex of ₹1,800 crore over a two-year period. UltraTech Cement too plunged 5% after the announcement. 2) Nifty ended lower for the 6th straight day and a way below its 200 DMA at 24073 mark. 3) Bears ruled the roost towards the Fag end, and most importantly, did not allow bulls to overpower. # The Big question: Does Nifty’s listless day of trading suggests that the market mayhem have calmed down?. # Strictly speaking, here are negative catalysts which suggests more chaos may be coming. 1) Investor sentiment weakened following US President Donald Trump's announcement of a forthcoming 25% tariff on imports from the European Union, including cars and other goods. 2) Nvidia's quarterly results failed to impress, with the company delivering a mixed outlook. 3) FIIs net sellers in this CY 2025 to the tune of Rs. 134165 crores. # *Long story short*: Nifty witnesses an uninspiring session for the 7th day in a row. *Top Index Gainers:* SHRIRAMFIN (+5.18%) BAJAJFINSV (+2.40%) BAJFINANCE (+2.03%) HINDALCO (+1.78%) SUNPHARMA (+1.76%) *Top Index Losers:* ULTRACEMCO (-4.69%) TRENT (-3.63%) BAJAJ AUTO (-2.65%) TATAMOTORS (-2.09%) M&M (-2.08%) # Adv-Dec 19—31 # INDIA VIX 13.30 (-3.06%) # NIFTY PCR (06th MAR) 0.86 # NIFTY PCR (27th MAR) 1.05 # Nifty MidCap 50 (-0.84%, 13824) # NiftySmallCap (-1.64%, 15157) # BANK Nifty (+0.28%, 48744) # Nifty IT (-0.47%, 38947) # USD/INR Futures (0.00%, 87.35) *Riddhi Siddhi Share Brokers OUR VIEW FOR FRIDAY’S TRADE* Technically, Nifty is at its lowest level since its downtrend began on September 27 at 26277.35 levels. Nifty is also way below its 200-DMA at 24070 mark. But before that, psychological 23000 mark is a crucial hurdle to cross for bulls to regain some confidence. All eyes on Friday's GDP estimates as well which will determine RBI's stance for rate cuts in future. But before that, even the GDP numbers in the US will be closely watched, releasing today evening at 7 pm IST. Bottom-line: Nifty is still stuck in a dense forest owned by the bears. *ALL ABOUT NIFTY:* Nifty (CMP: 22545) Support: 22320/22170 Resistance: 22722/23001 Range: 22430-22680 21 DMA: 23136 50 DMA: 23328 200 DMA: 24074 Trend: Negative *BULLISH LOOKING STOCKS:* # COALINDIA # IDFCFIRSTB # VOLTAS *BULLISH LOOKING STOCKS (LONG TERM):* # HINDALCO # NATIONALUM # NMDC *BEARISH LOOKING STOCKS:* # ADANIENT # L&T # TCS *STOCKS TO AVOID:* # ANGELONE # CYIENT # JIOFIN *Disclaimer*: The investments & trading ideas recommended in the market analysis, research reports, etc. may not be suitable for all investors. This article or data points does not construe investment advice as stock market investments are subject to market risks so please refer to your financial consultant advice before Investing or trading. All information is a point of view, and is for educational, Learning and informational use only. The author or the group admin accepts no liability for any interpretation of articles or comments on this platform being used for actual investments. Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. Investors must make their own investment decisions based on their specific investment objectives, goals and financial position only after consulting with registered market intermediaries.

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