Sell-on-rise market? SBI Securities sees Nifty under pressure, picks two stocks for the week ahead
On the charts, Nifty faces strong resistance at 23,345–23,380, and until this zone is decisively breached alongside improvement in FII positioning, the broader undertone is likely to remain cautious with a sell-on-rise approach, said Sudeep Shah.
How PCR OI reveals the market's reversal secret: Shubham Agarwal
When PCR OI is rising, sentiment is bullish and prices tend to follow. When PCR OI is falling, sentiment is bearish and prices tend to drift lower.
Trading Plan: Will Nifty 50, Bank Nifty defend Thursday's low amid Iran war-driven oil price volatility?
The Nifty 50 is likely to defend the 22,900 support (Thursday's low). Above this level, the possible resistance is placed at 23,200, followed by 23,500. However, below it, 22,700 cannot be ruled out.
Trade Spotlight: How should you trade ACME Solar Holdings, Thermax, Sun TV Network, NTPC Green Energy, GE Shipping, and others on March 20?
The market is expected to see consolidation with range-bound trading after the severe correction. Below are some short-term trading ideas to consider.
Trade setup for March 20: Top 15 things to know before the opening bell as escalating Iran war keeps oil prices high
The immediate crucial support for Nifty 50 at 22,900 is key to watch in the next few sessions, as a decisive fall below this level can increase the possibility of a downward move toward 22,700–22,500.
Technical View: Nifty sees biggest single-day fall since June 2024, bear may tighten grip if index breaks 22,900; Bank Nifty hits new 2026 low as VIX spikes 22%
In the upcoming sessions, if it decisively breaks and closes below the 22,900 support level, selling pressure may intensify further toward 22,700 (78.6 percent Fibonacci retracement of the rally from the April 2025 low to the January 2026 high).
Trading Plan: Will Nifty 50, Bank Nifty decisively break three-day rally amid spiking oil prices, fears of prolonged Fed pause?
If the Nifty 50 decisively breaks the 23,600–23,500 zone, bears may regain control and drag the index toward the current week's low of around 23,000–22,950.
Trade Spotlight: How should you trade PFC, GE Vernova, Bharat Forge, APL Apollo Tubes, DLF, and others on March 19?
The market is expected to be negatively impacted by rising oil prices and concerns over a prolonged pause in the Fed funds rate amid inflation worries. Below are some short-term trading ideas to consider.
Trade setup for March 19: Top 15 things to know before the opening bell as hot inflation dims Fed rate cut hopes for 2026, oil spikes
If the Nifty breaks 23,600 (Wednesday's low), a decline toward the 23,500–23,350 zone is possible in the coming sessions. However, a further rally toward 24,000 is likely only if the index closes above and sustains the 23,800 resistance level, according to experts.
Markets rise for 3rd day, but Nifty facing strong resistance at 23,850: Analysts decode what lies ahead for markets
An analyst said that a decisive close above 23,850 could trigger short covering, potentially pushing the index towards 24,000 and higher levels
Technical View: Nifty 50 gains momentum with third-day VIX drop; 23,800 crucial for rally toward psychological levels, Bank Nifty eyes 56,000
With the improving trend, the Nifty 50 may move toward the psychological 24,000–24,100 zonein the next few sessions, provided it closes above and sustains 23,800 in the following session. Immediate support is placed at 23,600–23,500, according to experts.
Trading Plan: Will Nifty 50 reclaim 23,600, Bank Nifty climb above 55,000 amid elevated oil prices?
If the Nifty 50 reclaims and sustains above the 23,600–23,700 levels, a rally toward the 23,800–24,000 zone may be seen. Until then, consolidation cannot be ruled out, with support at 23,350.
Trade Spotlight: How should you trade Godrej Properties, Chennai Petroleum, Premier Energies, Lumax Auto Tech, Data Patterns, and others on March 18?
The market is expected to consolidate with range-bound trading after the two-day rally. Below are some short-term trading ideas to consider.
Trade setup for March 18: Top 15 things to know before the opening bell as Strait of Hormuz crisis keeps oil above $100
According to experts, the Nifty 50 needs to close and sustain above the 23,600–23,700 levels in the next few sessions for a move toward the 23,800–24,000 zone. Until then, consolidation may continue, with immediate support at 23,350, followed by 23,000 as a crucial support level.
Technical View: Nifty needs sustained close above 23,600 to trigger further sharp rally; Bank Nifty jumps to 55,000 as VIX cools 14% in two days despite oil above $100
Weekly options data continues to suggest that resistance for the Nifty 50 is placed at 24,000, with support at 23,000. A decisive move is likely only after a breakout on either side of this range.
Trading Plan: Will Nifty 50, Bank Nifty extend gains for a second straight session as oil prices ease?
In case of a further uptrend, the Nifty 50 may face resistance at the 23,500–23,700 zone, followed by 24,000, but the move may look unsustainable due to a sell-on-rally approach. Meanwhile, support is placed at the 23,000–22,950 zone.
Trade Spotlight: How should you trade BSE, Linde India, NHPC, PB Fintech, Bajaj Finance, HDFC Bank, and others on March 17?
The market needs follow-up buying interest and a sustainable close above the previous week's high for stability. Below are some short-term trading ideas to consider.
Trade setup for March 17: Top 15 things to know before the opening bell amid oil prices volatility
Sustainability of uptrend will be the key going forward. Overall, the structure is still in favour of bears, and the focus remains on oil prices, with traders monitoring developments related to the Strait of Hormuz amid ongoing geopolitical tensions between the US and Iran.
Is today's market surge sustainable or is it a dead cat bounce? Analysts suggest levels to confirm trend reversal
Analysts say the overall sentiment remained cautious amid continuing geopolitical tensions in West Asia and elevated crude oil prices.
Technical View: Follow-up buying crucial for Nifty rally, but strong bears, $100+ oil and elevated VIX cap upside; 54,700 key level for Bank Nifty
Weekly options data suggested that the Nifty 50 is expected to trade in the 23,000–24,000 range in the short term, as a decisive close on either side could provide a firm direction to the index, with immediate resistance at 23,500.
Trading Plan: Will West Asia Tensions push Nifty 50 below 23,000, Bank Nifty toward 53,000?
The Bank Nifty needs to defend 53,500 for a move toward 54,700 (50% Fibonacci level), but a decisive fall below it could open the door for 53,000.
Trade Spotlight: How should you trade NTPC Green Energy, Tata Power, JB Chemicals, Sterlite Technologies, Ajanta Pharma, and others on March 16?
The market may continue to consolidate with a negative bias amid the West Asia tensions. Below are some short-term trading ideas to consider.
Trade setup for March 16: Top 15 things to know before the opening bell amid Strait of Hormuz crisis
According to experts, if the Nifty fails to take support at the psychological level of 23,000, a fall toward 22,700 cannot be ruled out in the upcoming sessions. However, 23,300–23,500 can act as immediate resistance.
Chartist Talk: Sudeep Shah flags deeper correction risk as Nifty breaks 61.8% Fibonacci level; suggests two stocks
Given the current chart structure and weak momentum setup, any near term rebound, if it occurs, is likely to attract fresh selling interest, especially near resistance zones, said Sudeep Shah of SBI Securities.
How to follow the trend using PCR OI: Shubham Agarwal
Markets don't move in straight lines. They bounce on the way down and pull back on the way up. That's exactly what catches traders out, confusing a retracement for a reversal.
