By theindianinvestor 
Tuesday, 4th march 2025
Time : 8:15 AM IST
Insights :
1. Yesterday, Nifty closed almost flat at 22,119, down by 5 points.
2. After a gap-up opening, Nifty faced heavy selling, dragging it down 250 points from the intraday high.
3. The selling was mainly in index heavyweights HDFC Bank and Reliance, which together pulled Nifty down by 95 points.
4. Manufacturing PMI data for February came at 56.7. PMI above 50 indicates expansion, while below 50 indicates contraction. In January, it was 57.7, showing a slight decline in the month of Feb.
5. US markets fell sharply, with all three major indices down more than 1.4%. Nasdaq dropped over 2.5%.
6. Trump’s trade war is now a major concern for the markets.
7. Markets may reverse if there is any positive news, as there are many short positions.
8. A short-covering rally could happen on good news, but currently, there is no good news.
9. As US markets fell, Asian markets are also trading lower.
10. FIIs sold heavily in the cash market, while DIIs bought nearly double what FIIs sold.
11. FIIs are holding 84% short positions in index futures.
12. GIFT Nifty indicates a lower opening for our markets, down by 160 points.
13. Nifty is expected to find support at 22,000. If this level breaks today, markets could fall further intraday, but the closing will be crucial. Resistance is expected at 22,300.