Finally both the important indices closed lower than intraday high.
The formation of charts are similar to that of gravestone doji which symbolises gains during the next day.
So Nifty may open with some gains.
But currently market is very dicey and weak opening followed by gains and strong opening resulting in losses later in the day.
So market closing is very uncertain.
Also today is F&O expiry and hence Nifty will be very volatile.
Looking at available F&O data for Nifty it is evident that Nifty will expire below 4900 level and it could be near 4855-4870 level.
Traders are advised to avoid overdue positions and must not enter in volatile momentum stocks.
| Important Nifty Levels for 25th Feb | ||
|---|---|---|
Nifty Pivot | 4864 | |
| Support | ||
| 4846 | 4824 | 4802 |
| Resistance | ||
| 4887 | 4911 | 4927 |
| Important BankNifty Levels for 25th Feb | ||
|---|---|---|
BankNifty Pivot | 8491 | |
| Support | ||
| 8456 | 8424 | 8393 |
| Resistance | ||
| 8538 | 8585 | 8620 |
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