
Pentad Securities
February 25, 2025 at 03:27 AM
[25/02, 7:15 am] +91 96451 22214: Stocks to Watch Today: Biocon, Texmaco Rail, NTPC Green Energy, UPL, SpiceJet ,Welspun Corp, SBI Life Insurance Company, Oil and Natural Gas Corporation, NTPC, Waterbase, Shree Cement, Refex Industries, Nazara Technologies, Life Insurance Corporation of India, KEI Industries, Dipna Pharmachem, and Kisan Mouldings will be in focus on February 25.
[25/02, 7:15 am] +91 96451 22214: On February 24, the Nifty 50 plummeted by 1 percent to reach its lowest point in over eight and a half months, decisively breaching the 22,700 support and extending its five-day negative trend. Now that the index is trading at the lower line of the Bollinger Bands, the sentiment has become more pessimistic. Therefore, any future rebound is probably going to be sold off. The next important support is situated at 22,400, which is the midline of the Bollinger Bands on monthly charts and the 20-month EMA. If it is maintained below this level, Dalal Street may experience additional downward pressure. On the higher side, though, the 22,700–22,800 zone is anticipated to be a barrier.
[25/02, 7:59 am] +91 96451 22214: Asian stocks started on a risk-off mood Tuesday after US President Donald Trump’s move to curb Chinese investments and proceed with tariffs on Canada and Mexico prompted investors to trim positions.The Nasdaq Composite fell more than 1% on Monday, with big technology stocks creating the biggest drag as investors worried about demand for technology supporting artificial intelligence while they waited for results from market heavyweight Nvidia.The GIFT Nifty is a trading flat, indicating a muted start for the day.