Financial Services Sector Analysis – 08.03.2025 - K Karthik Raja Rupeedesk Share Market Training
Financial Services Sector Analysis – 08.03.2025 - K Karthik Raja Rupeedesk Share Market Training
Financial Services Sector Analysis – 08.03.2025 - K Karthik Raja Rupeedesk Share Market Training
Financial Services Sector Analysis – 08.03.2025
K Karthik Raja (Market Educator & Technical Analyst)
MCA | MBA | M.Com | MSc Psychology | PGJMC | CST | MDAT | CFA Pursuant Key Factors Affecting & Reasons
1. Global market trends, including the impact of economic conditions, interest rates, and inflation.
2. Performance of the banking and financial sector, influencing index movement.
3. Institutional activity, including FII and DII buying/selling trends.
4. Monetary policies and RBI announcements affecting banks and NBFCs.
5. Corporate earnings and quarterly results of major financial companies.
Key Watch
- Resistance and support levels:
- Resistance: 23,982
- Support: 19,579
- Indicators:
- Moving averages: 50 MA (23,088), 150 MA (20,281), 200 MA (19,579)
- RSI: 48.10 (neutral zone)
- MACD: Bearish crossover detected
Volume Analysis
- Current volume: 422.717M (weekly average: 538.971M)
- Decrease in volume suggests possible consolidation before the next breakout.
Dow Theory Chart Analysis & Observations
- Long-term uptrend remains intact, but signs of short-term correction are visible.
- The pattern of higher highs and higher lows is still strong.
- Crucial support at 200-day MA (19,579) must hold for further upside.
Stocks to Watch
- HDFC Bank, ICICI Bank, SBI, Bajaj Finance, Kotak Bank – key drivers of NIFTYFIN.
- Insurance & NBFCs: Positive outlook for HDFC Life, SBI Life, and Bajaj Finserv.
Market Insights: Short-Term & Long-Term View
Short-Term (Next Few Weeks)
- Possible sideways movement unless strong buying interest emerges.
- Resistance at 23,982 is crucial – a breakout above this can lead to new highs.
- If support at 23,088 breaks, expect a dip toward 20,281.
Long-Term (6+ Months Outlook)
- The bullish trend remains intact, with potential to cross 25,000+ levels.
- Strong fundamentals in the financial sector support continued uptrend.
Disclaimer : This article is for informational purposes only and should not be considered financial advice. Do your own research before making any investment decisions.
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