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Nifty Prediction For Today - 19 February 2025

Nifty Prediction for Today - 19 February 2025
Nifty had another rally from the lows and closed near day’s high. NTPC and TECHM shone, while INDUSINDBK and TRENT underperformed. ADR was bearish, with 32 of the NIFTY stocks correcting. Despite the usual headwinds of high valuations for mid-smallcaps, a depreciating INR and FII outflows, focus will move to tomorrow’s FOMC meeting.

NIFTY is showing significant support at 22800/22700. For 3 consecutive days, it has recovered from lows to close above that level. On the other hand, RSI has plateaued at 40, suggesting continuing downward bias. While the market is likely to remain volatile and range bound, a near-term trend shift is likely if the market sustains above 23000. On the other hand, closes below 22800 could indicate further downside. Near term support and resistance levels are 22698/22545 and 23193/23346.
"Strong Support at 22700"
Bank Nifty Prediction for Today - 19 February 2025
Bank Nifty finished weak and was down 0.35%. It was dragged down by a majority of its constituents. KOTAKBANK bucked the trend, rising 0.9%, but AUBANK's 3.8% fall highlighted the negative sentiment. Overall, a close above 49000 is positive on another weak day for the index. Near term support and resistance levels are 48279/48588 and 49587/49896.
Intraday levels for Nifty, Bank Nifty Levels and FINNIFTY Levels:
NIFTY | SENSEX | BANKNIFTY | FINNIFTY | |
Support 1 | 22698 | 75174 | 48588 | 23048 |
Support 2 | 22545 | 74682 | 48279 | 22904 |
Resistance 1 | 23193 | 76761 | 49587 | 23513 |
Resistance 2 | 23346 | 77252 | 49896 | 23656 |
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