Market Mania
February 17, 2025 at 02:53 AM
Nifty futures point to a positive start this morning even as Asian stocks are mixed, amid continued uncertainty over US President Donald Trump’s tariff moves.
Goldman Sachs’ expectations of a 16% rise in the MSCI China Index may amplify the shift in investor flows, potentially drawing funds from other emerging markets. Locally, traders are eyeing 22,800 as a key support level for the Nifty 50 index after eight consecutive sessions of losses.
The rout in small-cap stocks has sent an index for such shares into an oversold zone on the weekly charts for the first time since the pandemic. The Nifty Smallcap 250 Index’s relative strength index — a measure of momentum — slipped below 30, signaling selling may be overdone. While the outlook remains uncertain, traders are expecting a short-term rebound, given the steepness of the decline.