Sensex & Nifty Today: Live Stock Market Updates [2025]

Morning Snippet: 18th February 2025

Index Observation

Nifty made a fresh 8 month low in opening trade for this week but managed to recover its 200 pt loss after a lot of attempts. The index has ended its 8 day losing streak and to close marginally in green, as it once again took support at its long term 5 year trendline between 22650 - 22800. This was Nifty’s 4th attempt in a span of 3 weeks wherein it has traded between this support band and attempted to reverse. Bands mentioned yesterday continue to hold on for today’s session as well, fresh breakdown of cup and handle pattern on sustaining below 22780 while short covering could pick up only above 23150.

Bank Nifty has formed a piercing pattern on daily charts wherein the daily candle broke below its previous days low but reversed to pierce nearly 50% of its previous candle’s body signally a strong rejection to trade lower. Bank Nifty as well continues to trade largely in the band of 48800-49800 for the past 5 sessions. Sustained trade on either side is likely to allow for a fresh 1000 pt move.

Interesting Observation

India’s market capitalization as a percentage of the global market cap has declined approximately 30% from its all time high levels and is approaching COVID highs

This correction suggests that Indian equities have underperformed relative to the global market, possibly due to various macro factors including FII outflows.

Technically, such corrections towards previous pivotal area have often been followed by a stabilization and subsequent recovery.

DERIVATIVES

Index IV

NIFTY:
IV : 12.56
IVP : 73.6
IVR : 46.12

BANKNIFTY:
IV : 14.7
IVP : 72.4
IVR : 35.3

Trade Setup

Activity in Cash Market

FII Cash: -3937.83 Crs.
DII Cash: 4759.77 Crs.

WTD
FII: -3937.83 Crs.
DII: 4759.77 Crs.

MTD
FII: -33121.26 Crs.
DII: 30778.84 Crs.

F&O CUES

FIIs stance on index futures were bullish in the previous session. They have added 3K long contracts. FIIs net position on index futures now stand at 185K short contracts.

On the option front, 22500 strike will continue to act as support as this strike has significant put open interest. On the upside, 23500 strike has significant call open interest and therefore will act as resistance.

New 52 Week High Low Data

Large Cap:
New 52 Week Highs: 0
New 52 Week Lows: 15

Mid Cap:
New 52 Week Highs: 0
New 52 Week Lows: 40

Small Cap:
New 52 Week Highs: 1
New 52 Week Lows: 70

NIFTY500:
New 52 Week Highs: 1
New 52 Week Lows: 125

Disclaimer: Stock trading involves risk. This blog post is for educational purposes only and should not be considered investment advice. Please consult with a qualified financial advisor before making any investment decisions.