By theindianinvestor 
Monday, 17th Feb 2025
Time : 8:00 AM IST
insights :
1. On Friday, Nifty fell by 102 points and closed at 22,929, which is below 23,000.
2. Markets have been down continuously for the 8th straight day.
3. Nifty is nearly down by 13% from its all-time high.
4. Global markets are trading near all-time highs, but Indian markets were the worst-performing in the last week.
5. When everything looks bad, that is often the best time to buy. Markets are now entering a good value zone.
6. Nifty PE has fallen from 24.5 at all-time highs to 20.5 at Friday’s closing. Anything below 20 is considered a good buying opportunity.
7. US markets ended mixed on Friday.
8. Asian markets are trading in green.
9. GIFT Nifty is indicating a 30-40 point gap-up opening for Indian markets.
10. Even if there is a gap-up opening and markets move higher intraday, selling pressure is seen, causing markets to fall.
11. On Friday, FIIs net sold more than Rs 4,000 crores in the cash market, and their short ratio stands at 84%.
12. DIIs are continuing to buy, supported by retail inflows through SIPs.
13. However, without FII support, it is difficult for markets to move higher and sustain gains.
14. Good news: The dollar index has started cooling off, now trading around 106.75 vs. the recent 108 levels.
15. US 10-year bond yields are also trading around 4.47%.
16. Markets may remain range-bound within a wide range until strong positive news emerges, with a range of 22,300 to 23,800.
17. Nifty can take support around 22,798, which is considered a triple bottom, and resistance around 23,200.
18. If Nifty falls below 22798 , we can see a further down fall till 22500, immediate resistance can be 23000.