Know How Share Market Will Move on March 1


On the day of the monthly expiry, the market experienced notable fluctuations, yet it managed to conclude the session with a modest gain.

The stock market, particularly during the February F&O expiry, witnessed substantial volatility.

Despite the fluctuations, Indian benchmark indices Sensex and Nifty closed with slight gains.

Nifty attained a closing level of around 22,000, while Sensex concluded at 72,500.30, marking a gain of 195.42 points or 0.27 percent.

Nifty closed at 21,982.80, reflecting an increase of 31.65 points or 0.14 percent.

Throughout February, the Nifty 50 index recorded a 3 percent gain in the expiry, whereas Sensex and Nifty both accrued a one percent gain for the entire month.

Among the top gainers on Nifty were Adani Enterprises, Tata Consumer, M&M, IndusInd Bank, and Adani Ports.

Conversely, Apollo Hospitals, Bajaj Auto, LTIMindtree, Eicher Motors, and UPL stood as the top losers for the day.

Analyzing the sectoral indices, all sectors, excluding health services, closed in positive territory.

Sectors such as Bank, Capital Goods, Metal, and Power observed a rise ranging from 0.5 to 1 percent.

The BSE Midcap index concluded with a gain of about 1 percent, while the Smallcap index recorded a 0.5 percent increase.

Looking ahead to March 1, market analysts provide insights into the potential movements.

Ajit Mishra of Religare Broking notes the ongoing struggle in Nifty around the 21,900 mark, close to the 20-day exponential moving average (20 DEMA). He suggests that Nifty might face hurdles in the 22,100-22,250 zone during any recovery.

Increasing volatility and unsuccessful breakout attempts raise concerns among traders, prompting a recommendation to avoid aggressive trades and consider lightening positions during upswings.

Rupak De of LKP Securities observes that on the day of weekly expiry, Nifty closed flat amid fluctuations, just above the 21-day exponential moving average (21EMA).

He anticipates potential weakness in Nifty in the short term, with support at 21,950. As long as Nifty remains above this level, there is a possibility of recovery.

However, a breach below 21,950 could intensify the weakness, potentially leading to a decline towards 21,800.

Traders are advised to monitor these levels closely for potential market movements in the coming days.


Nifty Closed at 21,982; Nifty Prediction for Tomorrow