Friday, 21 February 2025

NIFTY ANALYSIS 21-FEB-2025: BIGGER PICTURE: BULL or BEAR?

LTP: 22810

SUPPORT: 22700; RESISTANCES: 22955/23055

As per my view, Nifty trading at the support zone. Past three attempts, 22755/700 holding the support.

If that continue to hold and a decisive break of 22955/23055, we can see trend reversal for 27K/30K.

I expect slow and steady in the coming months.

Alternatively, If Nifty breaks 22700, we can see 22500/250/21900/777 and 21500 in extension.

AS OF NOW, my view Neutral to mildly bullish.


https://in.tradingview.com/chart/NIFTY/fuJOP0jn-NIFTY-ANALYSIS-21-FEB-2025-BIGGER-PICTURE-BULL-or-BEAR/

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