Skip to content

Daily Analysis of Stock Market – NIFTY – 23rd February 2021

We provide instant Stock Market updates on our Telegram Channel : Follow Now

On Tuesday, The market had a gap up opening and remained in green for the whole session. At the closing market closed in the green. The market was very much volatile today. The Nifty index closed at 14,707.80, The Nifty bank index closed above and hold 35,116.95, and the Sensex settled above 49,751.41. The Nifty index gained around 32.10 points, The Nifty bank index lost around -140.25 points, and the Sensex gained 7.09 points in a single day.

Today, the Nifty index opened at 14,782.25 went up to 14,854.50, and closed at 14,707.80, after making the low of 14,651.85, The Nifty Bank index opened at 35,540.55 and stayed volatile between the high of 35,680.85, to the low of 34,976.00, and closed at 35,116.95.

According to the Nifty daily chart, If Nifty breaks and sustain below 14,675, Then it can move towards 14,400 to 14,300 levels. Alternatively, If Nifty doesn’t break the 14,675 levels, then it might retest 15,250 to 15,300 levels.


  • Adani Total Gas Consolidated December 2020 Net Sales at Rs 496.11 crore, up 1.42% Y-o-Y.
  • Cochin Shipyard share price jumps 9% on Rs 10,000 crore order from Indian Navy.
  • Bharti Airtel ties up with Qualcomm for 5G services in India.
  • IRFC Standalone December 2020 Net Sales at Rs 3,932.39 crore, up 8.01% Y-o-Y.
  • Bharat Forge shares up 2% on bagging Rs 178 crore order from Defence Ministry for the supply of Kalyani M4 vehicles.
  • Zuari Agro Chemicals to sell Goa unit to Paradeep Phosphates for $280 million; share surges 15%.
  • Adani Enterprises share gains 2% on JV with EdgeConneX.
  • Sachin Tendulkar invests in Unacademy, becomes a brand ambassador.
  • Rupee ends marginal higher at 72.46 per dollar.

Trading zone for the Nifty index on 23rd February 2021

Upside Resistance:-  14,824, 14,941, 15,027.

Downside Support:-  14,622, 14,535, 14,419.

Nifty 50


In the Nifty 50, 34 stock traded in green and whereas only 16 were declined on 23rd February 2021.

Top 5 Nifty Gainer and Loser

Tata Steel6.54Kotak Bank-3.93
Tata Motors6.40Adani Ports-1.75
ONGC2.63Maruti Suzuki-1.64
Hindalco2.06Bajaj Auto-1.49
UPL1.14Divis Labs-1.38

The most active value-wise stocks were Tata Motors, Tata Steel, Reliance, SBI, Hindalco, and the volume-wise were Tata Motors, ONGC, Hindalco, SBI, Tata Steel.

FII and DII trading activity on NSE, BSE, and MSEI on Capital Market Segment as on 23rd February 2021

FII (Cr.)DII (Cr.)


GSI Team

Share this post on social

Leave a Reply

Your email address will not be published. Required fields are marked *

About us

Above Stocks is your trusted source for comprehensive stock market insights, news, and expert recommendations. Empowering investors with knowledge and confidence for financial success.

Disclaimer: Stock Market investments are subject to market risks. All the information provided on our Portal is for education purposes only. Kindly consult your Financial Advisor before taking any decision.