Stock Market Today, Feb. 28 -- Benchmark Nifty 50 index ended almost flat at 22,545.05 after trading in the narrow range on Thursday. Bank Nifty however ended 0.28% higher at 48,743.80 while metals also were among key performers. On the other hand auto and realty remained under pressure. Broader indices also fell 1-2%,
Nifty is in continuation of a downtrend and next support is seen at 22450, which happens to 76.4% retracement of the upswing seen from 21281(June 2024 Bottom) to 26277(All Time High Made in Sep 2024). On the upside 22700-22800 band could offer resistance, as per Devarsh Vakil, Head of Prime Research, HDFC Securities.
Key support for Bank Nifty is placed at 48,300-48,000 levels which aligns with the bullish gap from Januar...
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