Nifty Healthcare Index is designed to reflect the behaviour and performance of the Healthcare companies. This index is used for a variety of purposes such as benchmarking fund portfolios, launching of index funds, ETFs and structured products.#NSEIndia #NSE #NSEIndices… pic.twitter.com/O2zVJwwdNe
— NSE India (@NSEIndia) February 28, 2025
The Indian stock market faced a challenging week, with the Nifty 50 index crashing 420 points, or 1.86%, to close at 22,124 on Friday. This marked the steepest single-session decline since October 3, 2024. The BSE Sensex also plummeted over 1400 points to close at 73,198.
Multibagger stock under Rs 150: Rs 10,000 multiplies to Rs 5.8 lakh in 2 years – 2:1 bonus share issue soonhttps://t.co/4x7NvAq5i6
— ET NOW (@ETNOWlive) March 2, 2025
Broader market indices followed suit, with the BSE Small-cap index falling over 2.30% and the Mid-cap index down more than 2.15%. 88 stocks on the Nifty Midcap index ended lower on Friday, while 94 of those ended in the red on the Nifty Smallcap. The Midcap index is down 22% from its peak, while the Smallcap index has already shed 25% from the top.
Tata Motors shares set for split in 2025, but stock at 52-week low – Right time to buy ahead of demerger?https://t.co/Fw60NY2mZz
— ET NOW (@ETNOWlive) March 2, 2025
Experts are analyzing the fresh short positions seen in various stocks on Friday, which indicate a decline in price accompanied by an increase in Open Interest. Additionally, unwinding of long positions was observed, showing a decline in both price and Open Interest. The F&O (Futures and Options) cues indicate a cautious market mood with an increase in bearish bets via short positions on key stocks.
As market participants navigate this volatility, the key question remains whether Nifty can find a floor soon or if more pain is left in its trajectory. Sumeet Bagadia, Executive Director at Choice Broking, noted that the Nifty 50’s break below the crucial support at 22,200 suggests it might test the 21,800 range in the near term.
experts analyze stock market downturn
He offers his top three stock picks for investors looking to navigate the market:
1. Shriram Finance: Buy at 617, Target 670, Stop Loss 595
2. IndiGo: Buy at 4477, Target 4760, Stop Loss 4350
3.
HDFC Bank: Buy at 1732, Target 1800, Stop Loss 1670
Hrishikesh Yedve, AVP Technical and Derivatives Research at Asit C. Mehta Investment Interrmediates, explained the Nifty’s technical position stating that the index breached the 22,500 support mark with a gap-down opening and formed a bearish Marubozu candle, indicating prevailing weakness. He advises traders to follow a sell-on-rise strategy.
Yedve recommends selling Dabur India with an entry price of Rs 496.15, stop loss of Rs 515, and target of Rs 455. He also suggests selling Infosys with an entry price of Rs 1,703.65, stop loss of Rs 1,760, and target of Rs 1,570. For continuous market updates and expert analysis, stay tuned to market news sources.
The views and recommendations in this analysis are those of the individual analysts or broking companies. Investors should consult certified experts before making any investment decisions as market conditions can change rapidly.
