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Trade setup for Feb 23: Will Nifty50 respect key support at 16,800? Market cues, what analysts make of technical charts

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3 years ago

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Trade setup for Feb 23: Will Nifty50 respect key support at 16,800? Market cues, what analysts make of technical charts

It was a wild day for Dalal Street investors as geopolitical tensions rattled global markets after Russia deployed troops to eastern Ukraine. However, Indian equity benchmarks – Sensex and Nifty50 – recovered most of their intraday losses at the end of the session when each fell more than 2%. Watch CNBC-TV18’s latest coverage of the Russia-Ukraine conflict

What does the chart say about Dalal Street now?

According to HDFC Securities technical research analyst Nagaraj Sheti, the Nifty50 has formed a long bullish candle on the daily chart, which indicates a bullish recovery from lower levels.
It once again held the key low support at 16,800. “That could be a small positive for the bulls,” he said. (Key factors affecting the market)
volatility
Siddhartha Khemka, chief retail researcher at Motilal Oswal Financial Services, said there was no immediate relief on the part of Russia and Ukraine, with rising oil prices adding to the negativity in the market. He expects the February 24 F&O expiration to remain volatile.
The VIX volatility gauge rose 16.4% to 26.7, its highest close since Feb. 26, 2021.
“Nifty has now managed to close above the key 17k level, with 16,800 being a key support last month. However, global weakness and a steady FII sell-off could add pressure in the near term,” he said.
Here are the key things to know about the market ahead of the February 23 trading session:
SGX skilled
Singapore Exchange (SGX) Nifty futures, an early indicator of the Nifty index, were up 82 points, or 0.5%, at 17,220.5 by 7.38am on Wednesday, signaling a good start on Dalal Street.
Global Market
Stocks in other Asian markets were mixed as investors closely watched updates on the situation between Russia and Ukraine following the move of Russian troops near Ukraine and preliminary Western sanctions. MSCI’s broadest index of Asia-Pacific shares outside Japan was last up 0.1 percent.
Japan’s Nikkei 225 fell 1.7%, while Singapore’s Straits Times fell 0.6%. China’s Shanghai Composite rose 0.3%, Hong Kong’s Hang Seng gained 0.7% and South Korea’s KOSPI rose 0.2%.
Crude oil prices were just below a seven-year high hit on Tuesday.
S&P 500 futures rose 0.5% in a positive sign for Wall Street.
The three major U.S. stock indexes closed down between 1% and 1.4% on Tuesday, with the S&P 500 confirming its first correction since the 2020 coronavirus pandemic caused stocks to tumble.
What to Expect on Dalal Street
Sheti of HDFC Securities believes the short-term trend for Nifty remains weak. “One can expect a modest rebound or a rebound from slightly lower levels in Wednesday’s session … the index is expected to pull back from highs of 17,300-17,400 over the next few sessions,” he said.

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Ranbir Kapoor

Ranbir Kapoor and Alia Bhatt inspect their new dream home in Mumbai days after anniversary

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5 days ago

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April 22, 2025

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Ranbir Kapoor and Alia Bhatt inspect their new dream home in Mumbai days after anniversary

Ranbir Kapoor and Alia Bhatt recently inspected their future home in Mumbai, marking their third wedding anniversary. The couple’s new home is still in progress, with Ranbir wearing a black t-shirt, matching shorts, sneakers, and a cap. Alia Bhatt was seen waiting for her husband at the location, while Ranbir looked at the progress of their new home’s construction.

A video of their outing emerged on social media, with Pinkvilla posting the clip for the first time. The bungalow, named Krishna Raj after Ranbir’s grandmother, holds emotional significance to the Kapoor family. It used to belong to Ranbir’s grandparents, Raj Kapoor and Krishna Raj, and was inherited by Rishi Kapoor and Neetu in 1980. A Bollywood Life report.

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Claimed that the new bungalow cost Ranbir and family ₹250 crore. It is speculated that after the bungalow is ready, the entire Kapoor family, including Neetu Kapoor, will stay together under one roof. Alia and Ranbir currently live with Raha at Vastu The rapid growth of OTT platforms in India has been attributed to factors such as increased cinema ticket costs.

Growing demand for niche content, and changing consumer preferences. Sidharth Malhotra improved internet infrastructure, and Janhvi Kapoor are set to share screen together in the ALL upcoming rom-com Param Sundari, and they have shared entertaining behind-the-scene pictures from the sets on social media.

​Bollywood’s beloved couple, Ranbir Kapoor and Alia Bhatt, recently visited their under- boasts a modern design with grey construction dream home in Mumbai’s Bandra area, just days after celebrating their third wedding anniversary on April 14. On April 16, the duo was spotted at and shorts. The couple appeared the construction site, inspecting the progress of their abode.

In a video that surfaced on social media, Ranbir was seen wearing a black t-shirt, matching shorts, sneakers, and a cap, while Alia donned a casual shirt and shorts. The couple appeared engaged in discussions with the construction team, reflecting their active involvement in new bringing their vision to life.

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The new residence, named Krishna Raj in honor of Ranbir’s late grandmother, is a six-storey bungalow valued at approximately ₹250 crore. The property boasts a modern design with grey and light blue hues, glass balconies, and expansive windows. It’s situated close to their current

Fans have been eagerly awaiting updates on the couple’s new home, and this recent visit has only heightened anticipation. The couple’s hands-on approach to the construction process Raha underscores their commitment to creating a space that reflects their shared dreams and values Bollywood’s beloved couple, Ranbir Kapoor and Alia Bhatt, recently visited their under.

In a video that surfaced on social media, Ranbir was seen wearing a black t-shirt, matching shorts, sneakers, and a cap, while Alia donned a casual shirt and shorts. The couple appeared engaged in discussions with the construction team, reflecting their active involvement in .​

The new residence, named Krishna Raj in honor of Ranbir’s late grandmother, is a six-storey bringing their vision to life bungalow valued at approximately ₹250 crore. The property boasts a modern design with grey and light blue hues, glass balconies, and expansive windows. It’s situated close to their current residence, Vaastu, where they live with their daughter, Raha .​

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Fans have been eagerly awaiting updates on the couple’s new home, and this recent visit has only heightened anticipation. The couple’s hands-on approach to the construction process space that reflects their shared dreams and underscores their commitment to creating a space that reflects their shared dreams and values residence, Vaastu, where they live with daughter.

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