Trading Plan: Will Nifty 50 extend its rally to reclaim 22,500, Bank Nifty break above 48,800?
If the Nifty 50 manages to defend the 22,300 level, it is likely to face resistance at 22,500. Above that, 22,800 will be a crucial zone to watch. However, key support is placed in the 22,000-21,950 zone, according to experts.
Trade setup for March 6: Top 15 things to know before the opening bell
The Nifty Put-Call ratio (PCR), which indicates the mood of the market, jumped to 1.05 (the highest level since February 4) on March 5, against 0.86 in the previous session.
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The market needs to record a strong follow-up rally to confirm the change in trend. Until then, it seems to be in a consolidation phase. Below are some trading ideas for the near term.
Technical View: Nifty may face next hurdle at 22,500 if it defends 5-day EMA, Bank Nifty extends gains
The weekly options data also indicated that 22,000 is likely to serve as support for the Nifty 50, and 22,500 will act as resistance in the immediate term.
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The market may remain consolidative, with the continuation of the "sell on rally" strategy. Below are some trading ideas for the near term.
Trading Plan: Can Nifty 50 manage to defend 100-week EMA, Bank Nifty reclaim 5-day EMA?
If the Nifty 50 breaks 22,000 on a closing basis, selling pressure may drive the index down to 21,900-21,800. However, sustaining above 22,000 could propel the index toward 22,250-22,300 (which coincides with the 5-day EMA or Monday’s high).
Trade setup for March 5: Top 15 things to know before the opening bell
If the Nifty 50 manages to rebound, it may face resistance at the 22,250-22,300 range. Above this, 22,500 will be the level to watch. However, if 22,000, the key support, is broken, the index could move towards the 21,900-21,800 zone, according to experts. Overall, it is expected to trade within the range of 21,800-22,200 in the short term.
Technical View: Nifty may face resistance at 22,300 in case of recovery, but sentiment remains bearish
The weekly derivative data suggested that the Nifty may see a trading range of 21,500-22,500 in the short term, with the immediate range being 21,900-22,200.
Trading Plan: Can Nifty 50, Bank Nifty extend southward journey?
As long as the Nifty 50 holds 22,000, a rebound toward 22,300–22,500 looks possible. However, breaking this level can drag the index down toward 21,900–21,800 (which coincides with the closing levels of the Lok Sabha election results day), according to experts.
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The market may attempt a bounce back considering the oversold conditions, but it is unlikely to sustain the same. Below are some trading ideas for the near term.
Trade setup for March 4: Top 15 things to know before the opening bell
The Nifty 50 saw a fresh 9-month low, trading at the lower end of the Bollinger bands, signalling weakness. Hence, experts stick to a "sell on rally" strategy, while the momentum indicator RSI remained in the oversold zone, indicating the possibility of a rebound.
Technical View: Bears likely to tighten grip if Nifty breaks 22,000, Bank Nifty goes below January low
The sentiment remains in favour of the bears, as every rebound is expected to face pressure from them, according to experts.
Chartist Talks: These 2 stocks likely to outperform benchmark index in March, says Rahul Ghose of Hedged
Even at this price it is good to start to accumulate names like Larsen & Toubro, Reliance Industries, Tata Motors and some FMCG names like Asian Paints to name a few, says Rahul Ghose.
Trading Plan: Will Nifty defend 22,000, Bank Nifty sustain above 48,000?
Considering the RSI is in the oversold zone, a possible rebound could push the Nifty 50 toward 22,300 (the immediate target), followed by 22,500. However, if the downtrend continues, the index may attempt to defend 22,000; below this, 21,800 is likely to act as key support.
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The rebound after a severe fall can't be ruled out, but the sustainability is key to watch. Below are some trading ideas for the near term.
Trade setup for March 3: Top 15 things to know before the opening bell
According to experts, this is a sell-on-rally market, with all the moving average lines pointing down. Considering the oversold conditions, the Nifty 50 might rebound in the upcoming session, with resistance at 22,300, but sustainability will be the key to watch.
Potential reversal likely not only in Bank Nifty but also in these 3 stocks, says Harmonic patterns
A closer look at the banking sector reveals harmonic patterns that suggest a possible shift in momentum. These patterns, though rare, can signal potential reversal, often when the market is at its lowest.
Chartist Talks: Ashish Kyal picks 2 stocks for next week, sees pullback in Nifty but unlikely to sustain
For deeper positive retracement, the Nifty 50 needs to close above prior day’s high, until then use pullback to sell for a move to 21,800 levels. Immediate hurdle is at 22,580 on upside, said Ashish Kyal.
Volatility eases, but uncertainty looms: Nifty’s March series at a crucial crossroad
Traders are advised to adopt a "sell on rise" approach as long as the index stays beneath the 22,700-23,000-resistance zone. A revival in bullish sentiment will only be confirmed if the Nifty breaks decisively above these resistance levels.
Three scanners to find potential reversals: Shubham Agarwal
Once the trend is established, all we need to do is find an underperformer and with simple validation on price, volume or open interest we just need to initiate.
Technical View: More weakness likely if Nifty decisively breaks 100-week EMA, Bank Nifty defends 48,300
The Nifty 50 closed at 22,125, down 420 points or 1.86 percent—the biggest single-day loss since October 3, 2024. The momentum indicator RSI (Relative Strength Index) dropped to 22.40, the lowest level since March 2020 (the COVID period).
Persistent weakness along with rollover data signals cautious outlook for March series
Tracking seasonality, over the past 17 years, the March month has often exhibited a mixed trend for Nifty. On 9 occasions, the index has concluded on a positive note with an average gain of 7.55%, while on 8 occasions, it has ended on a negative note with an average loss of 6.42%.
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The consolidation is expected to continue until the indices decisively break the range of the last three days on either side. Below are some trading ideas for the near term.
Trading Plan: Will Bank Nifty continue to outperform Nifty 50 on first day of March series?
On the higher side, the Nifty 50 index needs to decisively break above 22,700 to move toward 22,800-23,000. However, below that level, consolidation may continue with support at 22,500. If the index falls below 22,500, selling pressure may widen, according to experts.
