
Pentad Securities
February 24, 2025 at 03:34 AM
[24/02, 6:51 am] +91 96451 22214: On February 21, the Nifty 50 closed 0.5 percent lower and continued its downward trend for the fourth straight session, setting a new low for the current year, 2025. Friday saw a further decline in sentiment as the index approached 22,700 for the week. The index may continue to decline to 22,600 (the trendline support) if it strongly breaches its immediate support at 22,700. Below this level, a sharp correction cannot be ruled out. However, 23,000–23,100 might serve as a significant barrier in the event of a short-term resurgence. Maintaining above this level could indicate the start of a fresh uptrend. A short-term upmove toward 23,200, the midline of the Bollinger Bands, could be observed above this level.
[24/02, 6:51 am] +91 96451 22214: Stocks to Watch Today: Zomato, Jio Financial, Lupin, RVNL, Ujjivan SFB, Granules India, Vedanta, Paisalo Digital , Bharti Airtel, Coal India, Crompton Greaves Consumer Electricals, Zaggle Prepaid Ocean Services, Jagsonpal Pharmaceuticals, Adani Green Energy, Bajaj Auto, Allcargo Logistics, RailTel Corporation of India, Swiggy, Ami Organics, SRF, and Brigade Enterprises will be in focus on February 24.
[24/02, 7:16 am] +91 96451 22214: US stocks tumbled on Friday, extending their selloff in the wake of dour economic reports and closing the book on a holiday-shortened week fraught with new tariff threats and worries of softening consumer demand. Asian markets were trading lower. The GIFT Nifty is a trading lower, indicating a weak opening for the day. Nifty futures were trading at 22,684 at around 07:00 am IST.