February 21, 2025, marks a highly volatile day with strong planetary aspects. The Moon’s presence in Scorpio and its travel through Anuradha Nakshatra, governed by Saturn, creates the potential for price swings and bearish sentiment, especially in the second half of the session. This report provides a comprehensive forecast for Nifty 50 and Bank Nifty, including astrological influences, technical indicators, and trading strategies.
Astrological Market Analysis for February 21, 2025
1st Half (Morning Session)
- Moon’s Position: Scorpio sign, Anuradha Nakshatra, Pada-3
- Nakshatra Lord: Saturn
- Aspects: Saturn is aspected by Mars and Uranus. Moon is aspected by the Sun, Mercury (combust), Venus, and Pluto.
- Market Impact:
- Scorpio is traditionally a bearish sign, and Saturn’s aspect from Mars and Uranus suggests increased volatility.
- Combust Mercury and Pluto’s aspects on the Moon can trigger rapid intraday price movements.
- Traders should prepare for potential price reversals during this session.
2nd Half (Afternoon Session)
- Moon’s Position: Scorpio sign, Anuradha Nakshatra, Pada-4
- Nakshatra Lord: Saturn
- Aspects: The Moon is influenced by Mercury (combust), Venus, and Jupiter. Saturn remains under the aspect of Mars and Uranus.
- Market Impact:
- Mercury’s combust state weakens communication and clarity, contributing to a bearish sentiment.
- Venus and Jupiter’s aspect on Saturn could lead to selling pressure as the session progresses.
- There is an increased risk of bearish sentiment in the second half.
Important Intraday Timing for February 21, 2025
- 9:30 AM – 10:00 AM: A critical time window for potential trend reversals or heightened volatility.
Key Support & Resistance Levels
Nifty 50 Levels for February 21, 2025
- Resistance-1: ₹23,275
- Resistance-2: ₹23,650
- Resistance-3: ₹24,025
- Resistance-4: ₹24,425
- Resistance-5: ₹24,825
- Resistance-6: ₹25,225
- Support-1: ₹22,900
- Support-2: ₹22,525
- Support-3: ₹22,150
- Support-4: ₹21,775
- Support-5: ₹21,400
- Support-6: ₹21,025
Bank Nifty Levels for February 21, 2025
- Resistance-1: ₹49,600
- Resistance-2: ₹50,700
- Resistance-3: ₹51,800
- Resistance-4: ₹52,900
- Resistance-5: ₹54,100
- Resistance-6: ₹55,300
- Support-1: ₹48,500
- Support-2: ₹47,400
- Support-3: ₹46,300
- Support-4: ₹45,200
- Support-5: ₹44,100
- Support-6: ₹43,100
Technical Indicator Analysis
📊 Moving Averages
- Nifty 50: Price movement near the 50-day Moving Average could indicate trend shifts. A breakdown below the 200-day Moving Average may confirm further bearish momentum.
- Bank Nifty: Watch for any moves below the 200-day DMA as a bearish confirmation.
📊 RSI (Relative Strength Index)
- RSI below 40 will confirm bearish pressure. Any further drops could indicate strong selling momentum.
📊 MACD (Moving Average Convergence Divergence)
- A bearish crossover in MACD, especially in the afternoon session, may confirm a further downward trend.
Trading Strategy for February 21, 2025
Long Positions
- Nifty: Buy above ₹24,025 for targets of ₹24,425 and ₹24,825.
- Bank Nifty: Buy above ₹51,800 for a target of ₹52,900.
- Stop Loss: Set stop losses at ₹22,900 for Nifty and ₹48,500 for Bank Nifty.
Short Positions
- Nifty: Sell below ₹22,900 for downside targets of ₹22,525 and ₹22,150.
- Bank Nifty: Sell below ₹48,500 for a target of ₹47,400.
- Stop Loss: Place stop losses at ₹23,275 for Nifty and ₹49,600 for Bank Nifty.
Gann Pressure Day Significance
February 21, 2025, is marked as an important Gann Pressure Day for Nifty 50 and Bank Nifty. This date signifies a potential market reversal point, which may influence the overall trend moving into the next week. Traders should closely monitor any signs of trend exhaustion or sudden price reversals, as they may present critical buying or selling opportunities.
Conclusion
February 21, 2025, is expected to be a volatile trading day:
- Morning Session: Mixed volatility with rapid price movements likely.
- Afternoon Session: Bearish sentiment due to Mercury’s combust state and Venus-Jupiter aspects on the Moon.
- Important Time: Watch closely between 9:30 AM and 10:00 AM for potential trend reversals.
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