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Nifty Prediction For Today - 20 February 2025

Nifty Prediction for 20th February
After opening in the red and close to 22800, NIFTY recovered and closed flat (-0.05% down). BEL, HINDALCO & EICHERMOT topped individual gainers, countered by DRRD, TCS, and INFY declines. ADR was even at 0.5 (25 up, 25 down); indicating a lack of directional momentum. On the other hand, NIFTY MIDCAP SELECT index staged a smart rally and was up 1.2% on broadbased buying.

NIFTY closed in the red in 9 out of the past 10 trading sessions. While the momentum remains negative, NIFTY is finding strong support at 22800 and seems to be consolidating. The upcoming FOMC meeting remains the next key event for the markets. A further cut in interest rates could soften USD’s rise. Near term support and resistance levels are 22670/22517 and 23165/23318.
"MIDCAPS recover; NIFTY ends flat"
Bank Nifty Prediction for 20th February
BANK NIFTY saw a strong rally today and crossed 49500. While the rally was led by AUBANK’s strong 4.7% surge, all the banking stocks closed in the green. SBIN was the worst performer with a flat close. Twice in the past 3 days, BANKNIFTY bounced from 48800 levels. Today’s bounce was stronger than the past. Moreover, BANKNIFTY also crossed the medium term trend line indicating a possible trend shift. Near term support and resistance levels are 48726/49035 and 50034/50343.
Intraday levels for Nifty, Bank Nifty Levels and FINNIFTY Levels:
NIFTY | SENSEX | BANKNIFTY | FINNIFTY | |
Support 1 | 22670 | 75079 | 49035 | 23206 |
Support 2 | 22517 | 74588 | 48726 | 23063 |
Resistance 1 | 23165 | 76667 | 50034 | 23671 |
Resistance 2 | 23318 | 77158 | 50343 | 23815 |
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