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AKANSHA JAIN

21st Feb · SEBI-Registered Analyst

!Nifty

After a nerve-wracking plunge on Thursday that wiped out ₹3 lakh crore, the Nifty 50 showed some serious "main character energy" on Friday. By closing it at 25,571 (+0.46%), successfully defending the critical structural floor of 25,400. Technical Cheat Sheet for Monday (Feb 23): The "Safety Net": The 25,400–25,450 zone is now our "line in the sand." As long as we stay above this, the bulls are still in the driver’s seat. The "Supply Wall": Immediate resistance is at 25,700–25,800. We need a decisive breakout here to eye that psychological 26,000 mark again. Momentum: RSI is ticking up toward 52—not quite overbought, meaning there is room for a "relief rally." Sector Heatmap: Winners: Metals (Hindalco, Tata Steel) and Power (NTPC) are leading the charge. Laggards: IT is still reeling from the "Anthropic Shock" and global tech volatility. 📉

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