Nifty Prediction For Today - 18 February 2025

Sachin Gupta Sachin Gupta

Last Updated: 18th February 2025 - 10:57 am

2 min read

Nifty Prediction for Today - 18 February 2025

After opening weak, NIFTY rallied modestly throughout the day and closed in the green. With a 0.15% gain, NIFTY broke one of the longest losing streaks in recent memory. Barring the small cap stocks, most other indices too closed in the green. BAJFINSV (2.7%) and ADANIENT (3.9%) led the gains, while M&M and BHARTIARTL lagged.  A positive advance-decline ratio of 2.1 reflects broad-based buying.

Technically, NIFTY formed a double bottom at ~22800 suggesting strong buying support at those levels. Downward momentum is still strong. RSI is still moderately weak at 40, near and medium term trend lines are still far above current levels. Barring a sustained rally, momentum continues to remain bearish. Near term support and resistance levels are 22712/22559 and 23207/23360.

"A welcome respite to a long losing streak"

Nifty Prediction - 18 Feb

 

Bank Nifty Prediction for Today - 18 February 2025

BANKNIFTY saw a positive session, boosted by IndusInd Bank (up 2.3%) and IDFC First Bank (up 1.5%).  AU Bank lagged, down 2.4%.  Overall, a mixed performance and a welcome bounce. BANKNIFTY seems to have found support near 49000. RSI is slightly better than NIFTY’s. However, overall momentum is still negative. Near term support and resistance levels are 48741/48421 and 49776/50097.

Bank Nifty Prediction - 18 Feb

Intraday levels  for Nifty, Bank Nifty Levels and  FINNIFTY Levels:

  NIFTY  SENSEX BANKNIFTY FINNIFTY
Support 1 22712 75203 48741 22990
Support 2 22559 74712 48421 22816
Resistance 1 23207 76791 49776 23552
Resistance 2 23360 77282 50097 23726
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