By theindianinvestor 
Friday, 7th March 2025
Time : 8:15 AM IST
insight :
1. Yesterday, Nifty gained 207 points and closed at 22,544.
2. Markets closed higher than the previous day’s high, which is a very positive sign.
3. Nifty Smallcap 100 and Midcap 100 indices have gained 7.7% and 6.2%, respectively, from their low on Monday.
4. FIIs’ selling in the cash market has been gradually reducing since Monday. Yesterday, they net sold Rs 2,377 crores.
5. FIIs’ index futures data shows that since Monday, they have been adding long positions. Yesterday, they covered some shorts, bringing their short positions down to 82% from 85% last Friday.
6. US markets ended lower yesterday, with Nasdaq down by 2%, which may impact our IT stocks today and drag Nifty lower.
7. Dow futures are trading in positive territory this morning.
8. Asian markets are trading in the red, following US markets.
9. However, GIFT Nifty is indicating a flat to negative start, which is surprising.
10. Brent crude is below $70/bbl, the dollar index is at 104, and the US 10-year bond yield is at 4.2%. These conditions may ideally restrict large FIIs outflows from our markets, reducing their selling spree.
11. Nifty may take immediate support at 22,500 and face resistance at 22,800. If the support is broken, 22,300 can be the next level to watch.