
Riddhi Siddhi Share Brokers News Channel
February 28, 2025 at 10:45 AM
*Riddhi Siddhi Share Brokers Latest after the Bell @ 4.00 PM -- Friday, February 28th 2025*
NIFTY (-420, 22125)
Sensex (-1414, 73198)
Bank Nifty (-399, 48345)
*Dalal Street witnessed a dismal Friday’s trading session as it had nothing to offer but blood, toil, tears and sweat.*
# The negative takeaway was that it was sea of red amongst sectoral indices as Dalal Street with Nifty IT index leading the fall, tumbling 4.2% followed by Nifty Auto (-3.71%) and Nifty Media (-3.74%)
# Technically speaking, now below psychological Nifty 22000, the next inter-month supports are placed at 21281 mark (June 4th Election day low).
# Blame the pessimism on President Trump’s nasty script which ideally leaves investors to worry a lot with the street fearing the ongoing brutal sell-off on Dalal Street is likely to get worse.
Please note:
1) Nifty received drubbing for the 8th day in a row.
2) Nifty ends 5.88% lower this February.
3) February marks Nifty's fifth straight monthly fall, an occurrence which was last seen in 1996.
4) From its all-time highs, the Sensex has fallen by 13.22%, and the Nifty is down by 16.06%.
5) The Nifty Mid-cap 100 index has plunged 21% lower.
6) The Nifty Small-cap index crashed 26% lower from it's all-time-high.
7) Amongst stocks, six-Nifty stocks Including, Tata Motors, SBI & Hero Moto Corp have hit 52-week Lows.
*Long Story short:* Bears rule the roost at Dalal Street, and most importantly, did not allow bulls to overpower.
# *BUZZING STOCKS FOR THE DAY:*
*Top Index Gainers:*
SHRIRAMFIN (+2.01%)
HDFCBANK (+1.73%)
COALINDIA (+1.28%)
TRENT (+0.69%)
HINDALCO (+0.32%)
*Top Index Losers:*
INDUSINDBNK (-7.11%)
TECHM (-6.44%)
WIPRO (-5.43%)
BHARTIARTL (-4.93%)
M&M (-4.82%)
# Adv-Dec 05—45
# INDIA VIX 13.91 (+4.51%)
# NIFTY PCR (06th MAR) 0.66
# NIFTY PCR (27th MAR) 0.95
# Nifty MidCap 50 (-2.06%, 13540)
# NiftySmallCap (-3.01%, 14700)
# BANK Nifty (-0.82%, 48345)
# Nifty IT (-4.18%, 37318)
# USD/INR Futures (+0.30%, 87.59)
*Riddhi Siddhi Share Brokers OUR VIEW FOR MONDAY’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.
Bottom-line: Nifty is still stuck in a dense forest owned by the bears.
*ALL ABOUT NIFTY:*
Nifty (CMP: 22125)
Support: 21920/21740
Resistance: 22351/22501
Range: 21999-22240
21 DMA: 23082
50 DMA: 23291
200 DMA: 24073
Trend: Negative
*BULLISH LOOKING STOCKS:*
# AXISBANK
# POLYCAB
# BANDHANBNK
*BULLISH LOOKING STOCKS (LONG TERM):*
# HINDALCO
# NATIONALUM
# NMDC
*BEARISH LOOKING STOCKS:*
# ADANIENT
# ADANIGREEN
# SBIN
*STOCKS TO AVOID:*
# IRFC
# JINDALSTEL
# JIOFIN
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