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.
Are markets in oversold territory and is a trend reversal possible next week? Here's what analysts say
For the week, the Nifty dropped 5.3%, its biggest decline since June 2022, while the Sensex fell 5.5%, marking its worst weekly fall since May 2020.
Technical View: Nifty logs biggest weekly fall since June 2022, nears death cross; Iran war fears push bears to target 22,700; Bank Nifty eyes 53,000
The fear gauge India VIX remained at elevated levels, rising 13.9 percent during the week to 22.64 (the highest closing level since May 2024), in addition to a 45 percent surge in the previous week, signalling ballooning risk for bulls.
Trading Plan: Will Nifty 50 decisively breach 23,500, Bank Nifty slip below 54,500 as Strait of Hormuz crisis drives oil above $100?
Bearish momentum indicators, along with the continuation of the lower high–lower low structure and the VIX sustaining above 21, signal further weakness. Experts expect the benchmark Nifty 50 to breach the 23,500 support and slide toward 23,000 in the upcoming sessions.
Trade Spotlight: How should you trade Ajanta Pharma, HFCL, Timken India, Linde India, Supreme Industries, and others on March 13?
The market is expected to continue to face risk-off sentiment amid geopolitical tensions. Below are some short-term trading ideas to consider.
Stocks to Watch Today: JK Lakshmi Cement, Gravita India, Balaji Amines, Shaily Engineering, Kalpataru, Action Construction Equipment in focus on 13 March
Stocks to Watch, 13 March: Stocks like Shaily Engineering Plastics, JK Lakshmi Cement, Max Financial Services, Manorama Industries, Nectar Lifesciences, Balaji Amines, and KPI Green Energy will be in focus on March 13.
Trade setup for March 13: Top 15 things to know before the opening bell as oil hits $100 amid Strait of Hormuz tensions
Bears seem to be keeping tight control over the market in the upcoming sessions, possibly pushing the Nifty 50 below the immediate support of 23,500 and signalling a major risk for the 23,200–23,000 zone. Notably, 23,000 has the maximum Put open interest.
Nifty closes in red for 6th time in March: Will market weakness continue or is any strong support visible? Here's what analysts say
Nifty has closed in the red in 6 out of eight trading sessions, declining more than 8 percent, so far in March.
Technical View: Selling may intensify if Nifty breaks 23,500 amid oil price volatility; Bank Nifty bears eye 54,200 as VIX stays above 21
The weekly options data suggested that 23,500 is expected to be immediate support for the Nifty 50, as below it 23,000 is likely to be a major support, both of which have maximum Put open interest. However, 23,700 and 24,000 are expected to be hurdles.
Trading Plan: Will Nifty 50, Bank Nifty defend Monday's low amid US-Iran tensions and elevated VIX?
If the Nifty 50 decisively breaks 23,700, Monday's low, a fall toward 23,500–23,400 can't be ruled out. However, a convincing move above 24,300 can drive the index toward 24,500–24,700.
Trade Spotlight: How should you trade Karnataka Bank, National Aluminium Company, Bajaj Finserv, Blue Star, Astral, and others on March 12?
The market may remain range-bound with a negative bias until it closes above Monday's bearish gap. Below are some short-term trading ideas to consider.
Trade setup for March 12: Top 15 things to know before the opening bell as traders track US–Iran tensions
Momentum indicators maintained sell signals, while the narrowing gap between the 50- and 200-day EMAs increased the possibility of a move toward a death cross, signalling bears having the upper hand.
