Truncated Trading Week & Key Market Events
As we step into the last week of February, investors must note that it will be a truncated trading week, with markets closed on Wednesday, February 26th, for Mahashivratri.
The most critical data release this week is India’s 2nd estimate of Fiscal Year GDP Growth, scheduled for Friday, February 28th. This report will provide a crucial update on India’s economic health, impacting market sentiment and the Indian Rupee (INR).
A stronger-than-expected GDP number would be positive for INR, while a lower-than-expected figure could weaken the currency.
GDP Forecast & Market Implications
The Reserve Bank of India (RBI) has revised India’s real GDP growth forecast for FY 2025-26 to 6.7%, citing:
✅ Robust rabi crop output
✅ Expected recovery in industrial activity
This update follows the RBI’s December revision when the forecast was lowered from 7.2% to 6.6%. Riddhi Siddhi Share Brokers closely tracks these macroeconomic factors, helping investors make informed decisions in a volatile market.
Market Recap: The Week Gone By
Last week was frustrating for bulls as Nifty 50 struggled amid massive selling pressure on Dalal Street.
🔻 Foreign Institutional Investors (FIIs) continued aggressive selling:
✔ FIIs have been net buyers in only 3 trading sessions this year.
✔ Total FII selling in 2025 has exceeded ₹1,24,349 crore.
✔ Since Nifty hit an all-time high of 26,277.35 (Sep 27, 2024), FIIs have sold over ₹3,10,543 crore.
✔ For FY 2024-25, FIIs have net sold ₹3,82,184 crore.
Major Market Takeaways from Last Week
📉 Nifty IT Index (-1.86%) underperformed:
- Infosys (-2.23%), LTI Mindtree (-3.87%), TCS (-3.78%), and Coforge (-3.81%) suffered heavy losses.
- IT sector remains weak amid concerns over Trump tariffs.
📉 Bank Nifty (-0.24%) was sluggish:
- ICICI Bank (-2.15%) was a major drag.
Technical Analysis: Key Levels to Watch
At Riddhi Siddhi Share Brokers, we emphasize a disciplined, data-driven approach. Based on technical indicators, the markets are currently biased toward the downside.
Nifty 50 Outlook
📊 Current Market Price (CMP): 22,796
📉 Support Levels: 22,355 / 21,995
📈 Resistance Levels: 23,000 / 23,451
🔹 200 DMA (Key Resistance): 24,067
🔸 Bias: Negative
Bank Nifty Outlook
📊 CMP: 48,981
📉 Support Levels: 47,800 / 46,400
📈 Resistance Levels: 50,377 / 51,775
🔹 200 DMA (Key Resistance): 50,934
🔸 Bias: Negative
Key Market Risks & Headwinds
1️⃣ Wall Street Weakness – US growth concerns weigh on global sentiment.
2️⃣ Trump Tariffs (April 2nd) – Potential global trade disruption & retaliatory tariffs.
3️⃣ Sticky Inflation in the US – Limits Fed’s ability to cut interest rates aggressively.
4️⃣ Fed’s Hawkish Stance – January meeting minutes reinforce a cautious approach to rate cuts.
Sectoral Outlook & Top Trades
✅ Bullish Sector: METALS
- Stocks to Watch: NTPC, NMDC, NATIONALUM, TATA STEEL
❌ Bearish Sectors: REALTY, IT, PHARMA, AUTO, FMCG
- Stocks Under Pressure: TATAMOTORS, M&M, HAL, COFORGE, PERSISTENT, MARUTI, DIXON, OBEROIRLTY, INFY, JUBLFOOD, APOLLOHOSP, GLENMARK, GRANULES
Final Thoughts from Riddhi Siddhi Share Brokers
The market remains cautious with a bearish bias as long as Nifty stays below 24,067 (200 DMA resistance). For now, downside risks remain at 22,700 and 21,281.
At Riddhi Siddhi Share Brokers, we prioritize data-driven decision-making and risk management for our clients. Stay updated with our daily market insights and reach out for personalized stock market advisory.
🚀 Follow Riddhi Siddhi Share Brokers for expert analysis and market strategies!
📢 Disclaimer
The investments & trading ideas recommended in this analysis are not investment advice. Stock market investments carry risks, and investors should consult with registered financial advisors before making decisions. Riddhi Siddhi Share Brokers does not guarantee returns or endorse any specific investment. All data is for educational and informational purposes only.