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Nifty Prediction for 18 February 2025. How to Trade Nifty tomorrow.
After eight days of losses, Nifty gained 30.25 points, ending above 22,950. Despite an initial gap down, it rebounded due to support at key levels. Sector indices mostly rose, particularly Healthcare and Midcap. While a short-term bullish trend is noted, Nifty remains in a longer downtrend, needing to break and sustain above 23,000 for continued gains.
Finally after 8 days of consecutive losses, Nifty closes the day in the green today – ending 30.25 points higher which is not a great rise, but in actuality, it is over a 1% rise from the day’s low.
Today, Nifty opened Gap Down, and despite opening and trading lower in the early session, Nifty managed to bounce back to green after taking multiple supports at levels including 22,725, 22,800, and 22,900 took Nifty above 22,950 at closing.
Most of the se ctoral indices traded in green where Nifty Healthcare jumped the most with a 1.31% rise followed by CPSE and Metals and Commodities while the losers include Nifty IT followed by Auto, Consumption, and FMCG index.
Also Midcap and small-cap indices traded in green where Midcap Select jumped 0.75% while the Small Cap 100 barely managed to close with a rise of 0.04 percent.
Nifty Prediction for 18 February 2025
As Nifty forms, a big green candle with almost no upper wick – rising from the lower support levels, in fact, rising higher from the same support level multiple times suggests that the market is likely to bounce back from here.
But from a longer perspective, Nifty is still in a huge downtrend – and till any strong confirmation of bullishness – the market may fall again – from any of the resistance levels forming a lower low and lower high pattern.
But as of today’s recovery – the market is likely to turn bullish for the shorter timeframe, and definitely going to rise tomorrow and will continue its rise for a few days if sustains over the 23,000 level and furthermore 23,200 level.
The nearby support is at the 22,800 level followed by 22,600 and 22,500 levels, while the resistance stands at the 23,000 level followed by 23,200 and 23,400 levels.
What to Expect from Nifty on 18 February 2025
For tomorrow, 18 February 2025 – Nifty is very likely to rise as it forms a big bullish candlestick on the daily chart with almost no upper wick, while we have an Inverted hammer on the hourly chart – which is a bullish sign.
But Nifty needs to break above the 23,000 level in the early session, and sustain above that – to continue its further rise towards the 23,200 and then 23,400 levels.
Trading Level for Nifty: 22,800 – 23,400
Also Read:
Nifty Support and Resistance for 18 February 2025
| Nifty Support Levels | Nifty Resistance Levels |
|---|---|
| 22,800 | 23,000 |
| 22,600 | 23,200 |
| 22,500 | 23,400 |
Note:- For the Most Accurate Data you can revisit this Page after 11:00 AM (during Trading hours), so we can update the Trade Setup after analyzing the Market.
Happy Trading 🙂
