Bank Nifty Holds Strong, But Nifty Struggles
StockEdge Morning Market Analysis – March 13, 2025
The Nifty closed 27 points lower at 22,470, while Bank Nifty showed signs of recovery despite weakness in broader markets. Market breadth remained negative, with advance-decline ratios on the Nifty 500 favoring the bears. The IT sector led the decline, followed by Telecom and Real Estate.
The index continues to trade within a range, testing both bulls and bears. While dips attract buyers, rallies are met with selling pressure. The overall structure remains fragile, and market breadth suggests a bearish undertone. The MACD has triggered a minor buy signal for short-term opportunities, but confirmation is required before taking aggressive positions.
On the upside, 22,800 remains a key resistance level, while 22,250 serves as critical support. A break below this level could accelerate bearish momentum. Traders should remain cautious and focus on stock-specific opportunities.
Sector-wise, IT continues to underperform, maintaining its recent trend. The metals sector, on the other hand, remains strong. Bank Nifty is holding above 47,800, a crucial level to monitor.
Markets constantly move between fear and greed. At present, indecision dominates—patience remains the best strategy.
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