Nifty Prediction For Today - 21 February 2025

Nifty Prediction for 21st February
NIFTY opened weak but closed flat again. A near 100-point rally from day’s low saw NIFTY close the day losing only 0.09%. The breadth was positive as 28 stocks closed in the green. SHRIRAMFIN and NTPC were the top performers. On the other hand, heavyweights HDFC, MARUTI & TECHM were the worst performers.

Yet again, NIFTY went close to 22800 and bounced back. While overall momentum is still negative, buying interest is undoubtedly emerging at lower levels. Today’s Marubozu candle with a close near day’s high and an open near day’s low also reiterates strong buying interest at lower levels. As such, 22800 continues to remain a strong support level. Any breach could mean further downside. Near term support and resistance levels are 22666/22513 and 23161/23314.
"A Repeat Of Yesterday. Midcaps Rally. NIFTY Gets Support At 22800"
Bank Nifty Prediction for 21st February
BANKNIFTY was weak and closed 0.5% down. It was dragged down by declines in heavyweights – HDFC, ICICI and KOTAK. ADR was positive and all the other banks closed in the green. PNB was the top performer with a 3% gain. The long legged Doji pattern indicates uncertainty and a lack of clear direction. Near term support and resistance levels are 48835/48526 and 49834/50143.
Intraday levels for Nifty, Bank Nifty Levels and FINNIFTY Levels:
NIFTY | SENSEX | BANKNIFTY | FINNIFTY | |
Support 1 | 22666 | 74942 | 48835 | 23049 |
Support 2 | 22513 | 74451 | 48526 | 22905 |
Resistance 1 | 23161 | 76530 | 49834 | 23514 |
Resistance 2 | 23314 | 77021 | 50143 | 23657 |
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