The stock market keeps moving dynamically while Nifty 50 settles close to important resistance and support levels. Watching the 22,950 level closely, traders and investors might decide on their next action. This article will include the most current trade setup, professional guidance, and best stock selections for February 21, 2025.
Nifty 50 and Bank Nifty Study
Thursday at 22,913.15, the Nifty 50 index finished marginally lower, a 0.09% decline suggesting continuous market consolidation. Cutting 0.49%, further, Bank Nifty finished at 49,334.55. While the Metals, Oil & Gas, and Auto sectors showed strength supporting more broad markets, the IT sector struggled.
key Levels for Nifty 50
Crucial Resistance: 22,950; goal breakthrough might be 23,050–23,101.
Support Level: 22,800; breach could produce 22,725–22, 650
Head of Equity Research at Kotak Securities Shrikant Chouhan thinks if Nifty 50 beats 22,950, there may be a notable comeback. Still, a drop below 22,800 might cause a retest with smaller support zones.
Main Levels for Bank Nifty
Support zone: 48,500–48,300 (bullish gap from January 28, 2025)
Global Market Affectance
Concerns over possible U.S. tariffs on Indian exports caused small losses in domestic markets, which set off capital outflows. Fed Minutes also alluded to a delayed interest rate decrease, hence boosting inflationary pressure. Still, the picture is bright as RBI’s rate drop and expected Q1FY26 consumption increase help to sustain market recovery.
Buy Today’s Stocks
For those searching for profitable prospects, market analysts have advised many stocks for trading. The following are February 21, 2025’s best stock picks:
Choice Broking’s Sumeet Bagadia Stock Picks
- Bharat Electronics Ltd., or BEL Purchase at ₹260.25. Target: 278. Stopper Loss: ₹ 251 After a protracted slide, BEL has showed a possible positive turnaround. A breakthrough above EMAs of 20 days, 50 days, and 100 days would validate more upward movement.
- NTPC Lt. Purchased for ₹325.05. Target: ₹348. Stop Loss: ₹ 313. Supported by significant trading volumes, NTPC just broke out from a long-term declining trend. This suggests great buying enthusiasm. Stock choices of Ganesh Dongre (Anand Rathi)
- Home First Finance Company India Limited Purchase for: ₹ 942. Aim: ₹975 Stopping Loss: ₹915 With great support at ₹915, a bullish reversal pattern indicates a brief price retrasion.
- SRF LLC Purchase for: ₹2800. Aim: ₹ 2940 Stop Loss: ₹ 2600. Strong support at ₹2700 and a bullish reversal pattern help this stock appeal for short-term profits.
- Petronet LTD, Gujarat State Purchase at: ₹287 Goal: ₹300 Stop Loss: 280 pounds Strong support at ₹280 has led GSPL to create a bullish arrangement suggesting possible higher. Stock picks by Shiju Koothupalakkal, Prabhudas Lilladher
- Cummins India Pvt. LTD Purchase for: ₹2818. Target: ₹ 2950. Stop Loss: ¹2760 Supported by RSI strength, the stock has shown bullish trend reversal and developed a good basis close to ₹2660.
- Exide Companies Limited Purchased at: ₹374.95 Goal: ₹ 400 Stop Loss: ₹365 Strong RSI momentum and a higher bottom building on the daily chart point to more upside.
- Mahindra & Mahindra Inc. Buy for ₹2839. Target: 2950 Stopping Loss: ₹2770 M&M has demonstrated a substantial pullback from the ₹2670 zone following a correction, suggesting optimistic possibilities. In conclusion Traders observing the 22,950 resistance and 22,800 support levels of Nifty 50 will find today’s stock market session absolutely vital. Although world uncertainty never goes away, local market patterns show possible comeback. Track the suggested stock choices and be on lookout for technical breakouts for rewarding prospects. source livemint
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Disclaimer: This article is for informational purposes only and should not be considered as investment advice. Readers are advised to conduct their own research or consult with a financial expert before making any investment decisions.
