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Nifty Prediction for Monday, 17 February 2025
Nifty opened higher but quickly fell, closing at 22,929.25, a decline of 0.44%. All sector indices were negative, with Nifty small-cap 100 dropping over 3.5%. The crucial support level of 22,800 held, suggesting potential recovery, but a breach could see it drop to 22,600. A gap up above 23,000 may indicate bullish movement.
Nifty opened higher as expected, but started falling immediately, and after some trading at the support of the 23,000 level – it broke it and fell sharply to the support of the 22,800 level – and as it hit the support, it rose back and closed the day at 22,929.25 which is 102 points or 0.44% lower from the previous closing.
All the sectoral indices traded in the red, where the Nifty PSE index led the losers with a loss of 2.50% followed by Healthcare, CPSE, and Energy which all fell over 2% each.
Also, the small caps and midcaps Indices bled badly where the Nifty small-cap 100 fell over 3.5% while the Midcap Select fell 2.38% – but the good thing is that the Benchmark indices recovered some of their losses in the last.
Nifty Prediction for 17 February 2025
Today is the 8th consecutive day for the Nifty closing in the red, breaking all the expectations of rising higher – because it formed a double bottom pattern and also rose sharply from the support of the 22,800 level in the last trading session.
But today, Nifty again fell to touch the support of 22,800, but this time it breached this level too, but at last rose sharply – indicating that the support of 22,800 is still strong – and tables can turn anytime.
So, there is a hope of recovery in Nifty till it trades above the 22,800 level, but if it breaks below this level in the coming days, then the next support is placed at the 22,600 level.
But as of today, Nifty isn’t able to make it above the 23,000 level – the sentiments of going higher are lesser, but yeah a gap up opening above the 23,000, and if Nifty sustains above that then we can look for a Bullish move.
What to Expect from Nifty on 17 February 2025
So for Monday, 17th February 2025, if Nifty opens gap up above the 23,000 level or trades higher above the 23,000 level in the early session and sustains above that, then we can look for Nifty to reach the 23,200 level.
But if it continues to face rejection, either from the opening or after reaching the 23,000 level or open gap down, then 22,800 is a level of support, and if breaks lower then 22,600 is a strong support for Nifty.
Trading Level for Nifty: 22,600 – 23,200
Also Read:
Nifty Support and Resistance for 17 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 🙂
