Parkavi & Tamilini Discussion on Market Crash, Trump’s Tariffs & Breakout Stocks
Market Shock and Nifty's 8-Month Low
Tamilini: Parkavi, the market gave a shock this week! Nifty hit an 8-month low! What happened?
Parkavi: Yes, Tamilini! This week, Nifty 50 fell by 2.9% and Sensex dropped 2.8%. Midcap stocks saw a 4.4% crash, and Smallcap stocks declined by 6%!
Reasons for the Big Fall
Tamilini: But why such a big fall?
Parkavi: Trump’s tariff issues! A 25% tariff on Canada and Mexico will be effective from March 4th. Also, an additional 10% tariff on China has been imposed.
Impact on the Indian Market
Tamilini: How does this affect the Indian market?
Parkavi: Heavy FII selling! Foreign Institutional Investors (FIIs) sold ₹41,749 Cr in February, putting downward pressure on the market.
Reasons for FII Selling
Tamilini: Why are FIIs selling their holdings?
Parkavi:
- 📉 Weak US Job Data – Higher jobless claims!
- 📉 India’s GDP at 6.2% – Below RBI’s expected 6.8%!
- 📉 Global slowdown fears – Trade war uncertainty!
Important Data for Next Week
Tamilini: What are the key data points for next week?
Parkavi:
- 📊 India & US PMI (Feb’25) – Manufacturing & Services Data
- 📊 US Jobs Report – Job growth trends
- 📊 Auto Sales (March 1st) – Important economic indicator
Nifty Levels to Watch
Tamilini: What key levels should we watch for Nifty?
Parkavi:
- Support Levels: 22,000 – 21,900 (100-week EMA) | Next: 21,600
- Resistance Levels: 22,650 – 22,700
Breakout Stocks to Watch (Using Fibonacci Levels)
1️⃣ Happiest Minds Technologies Ltd Stock Analysis (Fibonacci Levels)
📌 Current Trend: Bullish, with strong support at the 61.8% Fibonacci retracement level.
📌 Key Fibonacci Levels:
- Support: ₹910 (61.8% Fibonacci retracement)
- Resistance: ₹980 - ₹1,000 (78.6% Fibonacci level)
- Breakout Above: If the stock breaks ₹1,000, it could reach ₹1,080+ in the short term.
📌 Strategy:
- If price stays above ₹910, the bullish trend may continue.
- Breakout above ₹1,000 could lead to further upside momentum.
2️⃣ Narayana Hrudayalaya Ltd Stock Analysis (Fibonacci Levels)
📌 Current Trend: Consolidating near the 50% Fibonacci level, awaiting a breakout.
📌 Key Fibonacci Levels:
- Support: ₹1,290 (50% Fibonacci retracement)
- Resistance: ₹1,380 - ₹1,400 (61.8% Fibonacci level)
- Breakout Above: If the stock crosses ₹1,400, it could rally towards ₹1,500+.
📌 Strategy:
- Holding above ₹1,290 is a positive sign.
- Breakout above ₹1,400 with volume could signal further bullish momentum.
Investment Strategy for Investors
Tamilini: So, what should investors do now?
Parkavi:
✅ Stick to quality stocks!
✅ Avoid panic selling!
✅ Focus on long-term value investing!
Call to Action
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Market Crash! Nifty hits 8-month low as Trump’s tariffs & FII selling drag markets. Key levels & breakout stocks using Fibonacci.
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