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Nifty 50 Nifty Bank Analysis for February 28, 2025
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Nifty Bank & Nifty 50 Target & Stoploss Analysis
Nifty Bank (48744)
*Trend for February 28, 2025
On Thursday, Bank Nifty showed sharp rise & closed at 48744, down up by 135 points. Now On Fruday, at the opening bell, BankNifty is expected to open with bullish mood and then correction will continue. Medium term undertone is very bearish.
*On higher side, it is expected to move up to 48935
*On lower side, it is expected to decline to 48589
Nifty 50 (22545)
On Thursday, Nifty showed downtrend from the morning session & closed at 22545, down by 2.50 points. Now On Friday, Nifty is expected to open with strong positive stance and then by afternoon session, will show weakness. Medium term undertone is bearish.
*On lower side, it is expected to decline to 22498
*On higher side, it is expected to move up to 22603
- Reliance, Target & Stoploss
- Gold Analysis
- FII buy-Sell
- Technical Analysis
- Calls for the Day
- Currency Analysis
Technical Analysis of the Market by Nagaraj Shetti, Senior Technical Research Analyst, HDFC Securities
The market continued to show choppy movement on Thursday and closed the day lower by 02 points amidst range bound action. After opening with a positive note, the market displayed inability to sustain the opening gains and slipped into weakness in the early part of the session. It later shifted into a choppy movement for mid to later part of the session.
A small negative candle was formed on the daily chart with minor upper and lower shadow. Technically, this market action signals a formation of high wave type candle pattern at the swing klows. Having formed this amidst range movement hence the predictability of the pattern could be less.
The short-term trend of Nifty continues to be weak with range bound movement. Nifty is expected to slide down to the immediate support of around 22400 levels (20-month EMA) in the short term. Immediate resistance is placed at 22625 levels.
What is Vaishali Parekh’s prediction for Nifty 50?
(Vice President — Technical Research at Prabhudas Lilladher)
Market Preview
Wealth erosion for the Indian stock market investors continued for the seventh straight session on Thursday. The Nifty 50 index finished marginally lower at the 22,545 level, the BSE Sensex added 10 points and closed at 74,612, whereas the Bank Nifty index ended 135 points higher at 48,743. The broader market remains under significant selling pressure, consistently underperforming benchmark indices. For the fourth straight session, declining stocks outnumbered advancing ones, with the BSE advance-decline ratio reaching 0.32—the lowest since February 14. However, NBFCs and select banks received a boost after the Reserve Bank of India rolled back the increase in risk weights on bank loans to non-banking financial companies, sending shares of several NBFCs higher.
Stock market today
Speaking on the outlook for the Nifty 50 today, Vaishali Parekh said, “The Nifty 50 index witnessed a muted session on the F&O segment expiry day of the month to end on a flat note, closing near the 22,500 zone, which has created a very cautious approach among the market players with the index now precariously placed. The next significant support would be near 22,300 level, while for the bias to improve, the index needs to move past the 22,800 zone and witness some stability.
“The Bank Nifty index witnessed an improving bias compared to the Nifty index but found a tough resistance barrier near the 49000 zone and once again, amid last-hour fluctuations, slipped down to end near 48,700 levels with a bias maintained with a cautiously positive approach. The index needs to cross the hurdle above the 49,000 zone and also, on the upside, has the significant 50 EMA at the 49,750 level, which needs to be breached decisively to carry on with the positive move further ahead. Currently, the 48300 zone would be the crucial support zone; breaking below can trigger intensified selling pressure to drag the index further down,” said Parekh.
Vaishali Parekh of Prabhudas Lilladher added that support for the Nifty today is at 22300, while resistance is at 22,800. The Bank Nifty would have a daily range of 48,000 to 49,500.
Share Market today live & Nifty Analysis by Shrikant Chouhan
Head, Equity Research Kotak Securities
The benchmark indices continued to exhibit a range-bound trend, with the Nifty closing down by 2.5 points, while the Sensex was up by 10 points. Among sectors, selective metal and financial stocks experienced intraday buying interest, whereas the capital market and media indices corrected sharply, shedding over 3 percent. Technically, after a muted opening, the market hovered throughout the day within the range of 22500/74500 to 22600/74800. Additionally, the non-directional intraday activity and the small bearish candle on the daily charts indicate further consolidation.
We believe that 22600/74800 will serve as a key resistance zone for short-term traders; above this level, a pullback could continue up to 22700-22800/75000-75300. Conversely, a fresh sell-off is likely only after a breach of 22500/74500; below this level, the market could slide down to 22400-22350/74200-74000.
Analysis by Mr. Devarsh Vakil, Head of Prime Research HDFC Securities
Nifty extended its losing streak to a seventh consecutive session, closing marginally lower by 2 points at 22545—its lowest level since June 5, 2024.
The broader market remains under significant selling pressure, consistently underperforming benchmark indices and causing substantial wealth erosion for investors.
For the fourth straight session, declining stocks outnumbered advancing ones, with the BSE advance-decline ratio reaching 0.32—the lowest since February 14.
NBFCs and select banks received a boost after the Reserve Bank of India rolled back the increase in risk weights on bank loans to non-banking financial companies, sending shares of several NBFCs higher.
Donald Trump’s series of tariff announcements has dampened investor confidence, reducing participation in equities and keeping frontline indices within a narrow trading range. In a recent development, Trump threatened to impose 25% tariffs on European Union imports.
A notable development affecting specific sectors was the sharp decline in wires and cables stocks including Polycab, KEI Industries, and Havells India. This sell-off followed news that Ultratech, part of the Aditya Birla Group, plans to enter the wires and cables market with a substantial ₹1,800 crore capital expenditure commitment, with operations set to commence in December 2026.
The Indian Rupee remained stable at 87.20 against the US Dollar on Thursday, unchanged from its previous close.
Sector-wise, media, real estate, and auto sectors were the major underperformers, while financials, metals, and banking posted modest gains.
Nifty is in continuation of a downtrend and next support is seen at 22450, which happens to 76.4% retracement of the upswing seen from 21281(June 2024 Bottom) to 26277(All Time High Made in Sep 2024). On the upside 22700-22800 band could offer resistance.
Analysis by Om Mehra, Technical Analyst, SAMCO Securities
No updates for today
Analysis by Rajesh Bhosale, Technical Analyst, Angel One Ltd – Angel One
Nifty witnessed yet another choppy trading session
With no major triggers, the benchmark index Nifty opened on a flat note. In the initial hour, it slipped to retest the 22800 zone but gradually recovered, reclaiming most of the lost ground. Eventually, it ended nearly unchanged, with a minor loss of 0.11%, just below 22950.
Technically, there hasn’t been much change, but consistent buying at lower levels over the past two sessions bodes well for the bulls. Moreover, selective stock participation is providing some stability to sentiment after the recent weakness. On the technical front, a base appears to be forming around the 22800–22700 zone, aligning with the lower boundary of a Falling Wedge pattern. Strong support is evident at every 100-point interval, with key levels at 22600–22500, coinciding with the 127% retracement of the early February rebound. Additionally, a two-point positive divergence on the RSI Smoothened signals that bears are losing momentum at lower levels, hinting at early signs of near-term positivity. Given the recent price action, traders are advised to continue with a buy-on-dips approach.
That said, despite these positive signals, bulls are not entirely in the clear. A crucial factor to watch is whether follow-up buying sustains. Immediate resistance is seen at last Thursday’s high of around 23200, which aligns with the 20-DEMA, followed by the upper boundary of the Falling Wedge at 23400, a critical hurdle. Traders should closely monitor these levels, and any dips should be utilized to accumulate quality stocks in a staggered manner.
Analysis by Dhupesh Dhameja, Derivatives Analyst, SAMCO Securities
Nifty Stagnates for Third Straight
Session; Selling Pressure Dominates
Nifty index continued to exhibit a sluggish trend for the third straight session following a sharp sell-off on February 24. Over the past 15 trading days, the index has failed to register a close above its previous day’s high, reinforcing a clearly defined bearish trajectory. In absence of any significant short-term trend driver, intraday fluctuations remained prominent. As early buying lifted the index before late-session selling erased gains, pulling it closer to its crucial support. Despite persistent selling attempts, bears have yet to secure a close below the critical 22,500 mark, reaffirming its status as a key floor. Additionally, the index remains below last week’s low, highlighting sellers’ continued dominance at higher levels. Amid volatile intraday swings and indecisiveness both from bulls and bears, Nifty settled at 22,545.05, shedding a marginal 0.01% (-2.50 points), reflecting a state of uncertainty.
The index continues to oscillate within its previous trading range, forming a Doji candle, making previous day’s high and low the key reference points for upcoming price action. Persistent downward pressure underscores market weakness, while the failure to sustain gains at resistance levels raises concerns about trend stability. The 22,500 level remains the bulls’ final defensive stronghold, while the 22,700-mark, last week’s low has transformed into a firm resistance, reinforced by aggressive call writing. A decisive breakout from this range will dictate the market’s next directional move.
Options Market Insights:
Derivative trends maintain a bearish bias, with call writers continuing to overpower put sellers, signalling a defensive stance. A substantial open interest accumulation at the 23,000-strike call (54.86 lakh contracts) cements it as a formidable resistance zone, while significant put accumulation at the 22,500-strike (50.54 lakh contracts) establishes a solid base at lower levels. The 22,600–23,000 range remains under heavy call writing pressure, whereas rising put activity at lower strikes signals an ongoing tug-of-war between bulls and bears, highlighting market fragility. The Put-Call Ratio (PCR) climbed to 0.78 from 0.63, hinting at a marginally improving sentiment, but sellers remain in control despite sporadic buying attempts. Meanwhile, the ‘Max Pain’ level at 22,600 suggests that while volatility persists, buyers may attempt to cushion declines in the short term.
Volatility Trends:
India VIX, the market’s fear gauge, dipped 2.97% to 13.30, indicating a mild reduction in risk sentiment. However, as long as VIX remains below the crucial 15 threshold, volatility is expected to stay contained, maintaining cautious market sentiment.
Market wrap up by Mr. Osho Krishnan, Sr. Analyst, Technical & Derivatives of – Angel One
Feb contract ended on a bearish note; Nifty shed over 4% on MoM basis
The Indian market commenced the monthly expiry session on a quiet and subdued note, influenced by developments in the global markets following the mid-week holiday. Throughout the day, the benchmark index fluctuated within a narrow range of just 100 points, contributing to a rather lackluster trading atmosphere for this crucial monthly expiry. With muted trading activity, Nifty ultimately settled around the 22550 zone, indicating a day of restrained performance in the market.
The last three sessions have been unremarkable for the benchmark index, as indicated by the small-bodied candlestick formations. The minimal changes in price suggest persistent bearish sentiment, prompting market participants to adopt a cautious approach. In terms of levels, the support level at 22500-22400 is critical for the Nifty50 index in the near future and requires close monitoring. Its ability to hold may determine whether a rebound is possible or if further declines are likely. On the flip side, the bearish gap of 22670-22720 remains a daunting task for the bulls, and a decisive breakthrough could only provide a short-term breather in the market sentiments.
Moving forward, one must remain vigilant with global developments, which are likely to act as catalysts in setting the initial tone for domestic markets. At the same time, one should refrain from making aggressive bets until momentum returns to the market.
Weekly market analysis by Amol Athawale, VP-Technical Research, Kotak Securities:
In the last week, the benchmark indices witnessed range-bound activity, with the Nifty ends 0.72 percent lower while the Sensex was down by 630 points. Among sectors, the Capital Market and Metal indices outperformed, both rallying nearly 5 percent, whereas the Pharma, FMCG and Auto indices shed over 2 percent. Technically, on both daily and weekly charts, the market is still holding a lower top formation and is trading below the 20-day SMA (Simple Moving Average), which is largely negative.
We believe that the larger market texture remains on the weak side; however, we could expect a quick technical pullback rally if it succeeds in holding above 22950/76000. If it does, it could bounce back to 23100-23200/76500-76800. On the other hand, if it falls below 22720/75100, the correction wave is likely to continue. Below that level, it could slip to 22500-22400/74400-74100. Near 22400/74100, contrarian traders may prefer to take a long bet with a strict stop loss of 22320/73800.
For Bank Nifty, as long as it trades below the 20-day SMA, weak sentiment is likely to persist. Falling below this level could lead to a retest of 48500. Further downside may continue, potentially dragging the index down to 48000. However, if it rises above the 20-day SMA or reaches 49500, it could rally to the 50-day SMA, reaching levels of 50000 and 50250.
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