SAHI Trading
February 28, 2025 at 12:45 PM
*📉 Market Wrap*
Nifty: 22,124.70 ▼ -1.86% | Sensex: 73,198.10 ▼ -1.90% | Bank Nifty: 48,344.70 ▼ -0.82%
*🔴 Bearish Streak:* Nifty50 closes red for the 5th straight month—a 29-year record! RSI for Nifty & Sensex drops below 35 on the weekly chart after 3 years. 15/50 Nifty stocks hit 52-week lows today
*📉 Trend Check:* Lower highs, lower lows continue. Heavy resistance at 22,300CE (71.06L OI) & 22,400CE (48.52L OI), while 22,000PE (17.68L OI) offers mild support.
*💥 Sectoral Update in Feb:*
* Small-caps -13.07%
* Mid-caps -10.79%
* Nifty IT *-4.18%
* Auto *-3.92%
* Media *-3.48%
* FMCG -2.62%
* Energy -2.09%
*📰 News You Can Use:*
📊 India’s Q3 GDP Growth: 6.2%
⚡ Tata Power secures ₹632Cr contract from SECI
💊 Biocon launches ‘Liraglutide’ in UK
🔫 Zen Tech patents Hard Kill Firearm System
💰 Solar Industries bags ₹2,150Cr defence order
🏦 TCS extends 5-yr deal with Norway’s DNB Bank
🚨 US FDA warns Granules India's Gagillapur unit
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