By theindianinvestor 
Monday, 17th March 2025
Time : 8:00 AM IST
Insights :
1. On Thursday, Nifty was down by 73 points and closed at 22,397.
2. US markets ended in the green last Friday, with Nasdaq and S&P 500 up more than 2%.
3. However, Dow futures are trading negative this morning.
4. Asian markets are trading higher, with most of them up more than 1%.
5. FIIs did not sell aggressively on Thursday; they net sold ₹793 crores in the cash market and hold 81% shorts in index futures.
6. GIFT Nifty indicates a huge gap-up opening for our markets, around 170 points.
7. If the gap-up sustains, we may see a further rally as it could trigger short covering.
8. The Dollar Index is trading at 103.7, but the rupee is not gaining, trading at 87 against the dollar, possibly due to RBI’s OMOs.
9. Nifty can take support at 22,300 and face resistance at 22,600. If it sustains above this level, we may see a rally towards 22,800.