
Pentad Securities
February 21, 2025 at 03:30 AM
[21/02, 7:12 am] +91 96451 22214: Stocks to Watch Today: Quality Power, Cipla, Delta Corp, Kotak Bank, JM Financial, Berger Paints, Amara Raja Energy ,CIE Automotive India, Sanofi Consumer Healthcare, Delta Corp, Mahindra and Mahindra, Grindwell Norton, Keystone Realtors, HG Infra Engineering, Tanla Platforms, Samvardhana Motherson International, ITI, NTPC Green Energy, Tata Steel, and Narayana Hrudayalaya will be in focus on February 21.
[21/02, 7:14 am] +91 96451 22214: Asian stocks traded in narrow ranges after US shares fell from record highs as a disappointing forecast from the world’s largest retailer added to concern about the health of the economy. The yen strengthened past 150 per dollar.
[21/02, 7:17 am] +91 96451 22214: Nifty, the immediate resistance is expected to be 23,000, and above that, 23,200 (near the 20-day EMA or the 61.8% Fibonacci retracement from the June 2024 low to the September high) cannot be ruled out. However, sustaining below 23,000 will continue the consolidation, with key support at the 22,700 level....... On the Bank Nifty front, as long as the index stays below 49,800, the consolidation may continue, with key support at 49,000–48,800 (which has consistently been held in past sessions). But above this level, 50,000 and 50,400 are the levels to watch.