Front Wave Technical Dashboard Update – 18th February 2025

Another volatile session, another dog fight… Markets remain under pressure, with no clear reversal signs yet. Here’s what our Technical Dashboard reveals: 📉 Nifty remains weak, showing no strength across intraday or short-term trends. All major indices continue to indicate downward momentum. 🏦 Bank Nifty is trying to shift gears – While still under pressure, there are early signs of strength creeping in. HDFC Bank stands out, with its trend turning strong yesterday, leading private banks to outperform PSU banks. Trend Shift since the last update: DXY (Dollar Index) has turned strong on our intraday indicators but remains weak on our Short-Term Indicators, causing some pressure on risk assets globally. 🔍What’s Next? The lack of bullish confirmation means we remain cautious. However, Bank Nifty’s resilience, especially in private banking stocks, could be an early sign of leadership emerging. We’ll be closely tracking this trend in the coming sessions.