Stock Market Today, Feb. 25 -- Correction phase in the markets intensified as the benchmark Nifty-50 index ended 1.06% lower at 22,553.35 on Monday. Bank Nifty at 48,651.95 also ended 0.67% while Nifty IT and metal fell the most. FMCG and auto were key gainers.

The underlying trend of Nifty continues to be negative. In the short term, there is a possibility of more weakness down to the next support of 22400 levels (20-month EMA). Immediate resistance is placed at 22750 levels, said Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities.

On the downside, bank nifty will find strong support around 47,840, while on the upside 49,650 will remain a challenging barrier for the index, said Hrishikesh Yedve, AVP Technical and Deri...