As per the astrological analysis for 20th February 2025, the overall sentiment for the market is negative due to the challenging aspects of Jupiter and Saturn. However, the market is expected to show some volatility, with positive and negative movements throughout the day. Traders must stay cautious and be prepared for potential corrections or resistance at key levels.
Nifty 50: Important Levels
Resistance Levels:
- Resistance-1: 23,275.00
- Resistance-2: 23,650.00
- Resistance-3: 24,025.00
- Resistance-4: 24,425.00
- Resistance-5: 24,825.00
- Resistance-6: 25,225.00
These resistance levels are critical, and we may face difficulty breaking above them due to the negative astrological aspects influencing the market. If the market tries to push higher, Resistance-4 and Resistance-5 around 24,425.00 and 24,825.00 will likely be tough barriers to break. Keep an eye on these levels for signs of a bullish reversal or market resistance.
Support Levels:
- Support-1: 22,900.00
- Support-2: 22,525.00
- Support-3: 22,150.00
- Support-4: 21,775.00
- Support-5: 21,400.00
- Support-6: 21,025.00
With the overall negative sentiment, there is a strong possibility that the market may test the lower support levels, especially Support-3 at 22,150.00 and Support-4 at 21,775.00. These levels could act as potential bouncing points, but if they break, further downward movement toward Support-5 and Support-6 might be seen.
Bank Nifty: Key Levels
Resistance Levels:
- Resistance-1: ₹49,600.00
- Resistance-2: ₹50,700.00
- Resistance-3: ₹51,800.00
- Resistance-4: ₹52,900.00
- Resistance-5: ₹54,100.00
- Resistance-6: ₹55,300.00
Bank Nifty is likely to face resistance around the ₹50,700.00 and ₹51,800.00 levels. If the market attempts to rally, these resistance zones could act as tough barriers to overcome. Given the astrological influence, we could see reversal or pullbacks as the market approaches these higher resistance levels, particularly Resistance-3 and Resistance-4.
Support Levels:
- Support-1: ₹48,500.00
- Support-2: ₹47,400.00
- Support-3: ₹46,300.00
- Support-4: ₹45,200.00
- Support-5: ₹44,100.00
- Support-6: ₹43,100.00
Bank Nifty may test Support-1 at ₹48,500.00 and Support-2 at ₹47,400.00 as the market sentiment remains weak. If these levels break, the next support levels at ₹46,300.00 and ₹45,200.00 could become crucial for further downside moves. Given the negative astrological aspects, the market could face strong support around these lower levels.
Market Outlook Summary
Based on the astrological influences and key technical levels, 20th February 2025 is likely to show a volatile market with an overall negative sentiment due to the aspects on Jupiter and Saturn. Both Nifty 50 and Bank Nifty could face resistance around the higher levels, and there’s a strong possibility of testing the lower support levels.
Traders should be prepared for:
- Resistance points that could cap any bullish attempts, especially around the Nifty 50 Resistance-4 (24,425.00) and Bank Nifty Resistance-3 (₹51,800.00).
- Support zones which could act as critical points of reversal or further decline, especially around Nifty 50 Support-3 (22,150.00) and Bank Nifty Support-2 (₹47,400.00).
Important Considerations:
- Volatility could remain high, with potential fluctuations around these key levels.
- A cautious approach is advised, as the overall sentiment is more bearish, especially with the negative astrological influences on both Jupiter and Saturn.
Stay informed, and good luck with your trading on 20th February 2025!