Trade Spotlight: How should you trade Avenue Supermarts, Glenmark, Bharat Dynamics, Torrent Pharma, Cummins India, and others on March 10?
The market is expected to rebound after the severe correction, but the sustainability of the uptrend will be the key factor to watch. Below are some short-term trading ideas to consider.
Trade setup for March 10: Top 15 things to know before the opening bell amid Middle East turmoil and volatile oil prices
The overall structure looks weak as the bearish chart pattern of lower highs and lower lows remains intact, while the VIX soared to a 21-month high. Momentum indicators being in the oversold zone signal the possibility of some bounce, but the sustainability of the upside bounce is the key to watch.
Technical View: Nifty may see a pullback after sharp correction, but sustainability key amid oil surge, VIX spike; Bank Nifty hits 5-month low with 3% loss
The weekly options data suggested that 23,500 is expected to be key support for the Nifty 50, while resistance is placed at 24,500, which is likely to be the trading range in the short term.
Chartist Talk: Nifty risks fall to 23,000 on weekly close below 24,300; Rahul Ghose bullish on Sun Pharma, ABB
According to Rahul Ghose, a close below 24,300 would turn this market into a sell on rallies, from buy on dips from a trading perspective. Only a substantial visible improvement in the geopolitical situation would change this outlook.
Trading Plan: Will bears drag Nifty 50 below 24,000, Bank Nifty decisively below 200 DEMA as oil surpasses $110 per barrel amid Middle East tensions?
According to experts, the Nifty 50 is expected to decisively break 24,300 (the previous week's support) and move down toward 24,000, while resistance is placed at 24,500–24,700.
Trade Spotlight: How should you trade Bharat Electronics, Natco Pharma, Thermax, Sun Pharmaceutical, Kirloskar Oil Engines, and others on March 9?
Bears are likely to hold the fort, with the previous week's low at major risk amid geopolitical tensions in the Middle East. Below are some short-term trading ideas to consider.
Trade setup for March 9: Top 15 things to know before the opening bell as West Asia tensions lift oil prices
The spiking VIX, along with bearish technical and momentum indicators, has now put 24,300 — the previous week’s low — at major risk. In fact, experts feel the index is likely to break this support, and if that comes true and sustains below it, a correction towards 24,000-23,800 cannot be ruled out in the upcoming session.
Chartist Talk: Sudeep Shah sees this sectoral index extending gains; shares 2 stock picks for next week
Considering the current chart structure and overall market setup, Sudeep Shah of SBI Securities continues to recommend a sell on rally approach.
Put Ratio Backspread: Strategy to limit downside during sharp pullbacks
Put Ratio Backspread limits your downside during sharp pullbacks while keeping you positioned to profit when a significant market breakdown occurs.
Technical View: Nifty logs biggest weekly loss in a year; Iran war-driven oil spike puts 24,300 at risk next week, Bank Nifty slips below Budget-day low
The weekly options data also suggested that 24,000, where the maximum Put open interest is placed, is expected to be a key support in the short term, while 25,000, which has the maximum Call open interest, is likely to be a crucial hurdle on the higher side. This means the index may possibly trade in the 24,000–25,000 range next week.
Trading Plan: Will Nifty 50 slip below 24,500, Bank Nifty reverse Thursday’s gains as oil surges amid Iran tensions?
Unless the Nifty 50 convincingly reclaims and sustains above the 200 DEMA (25,230), consolidation with range-bound trading may continue, with immediate support at 24,500, followed by 24,300 as a crucial support level.
Trade setup for March 6: Top 15 things to know before the opening bell as focus remains on Iran war
The bears maintained the upper hand, given that the index is trading well below the 200-day EMA, the India VIX remains elevated (though it cooled), and bearish momentum persists.
Trade Spotlight: How should you trade JSW Steel, TVS Motor, Dr Reddys Labs, NTPC, Aditya Birla Sunlife AMC, and others on March 6?
Bears maintain strong control over the market despite the relief rally; hence, any upside bounce is unlikely to sustain amid the Iran–Israel conflict and elevated oil prices. Below are some short-term trading ideas to consider.
Technical View: Nifty sees relief rally, but strong follow-through buying needed for move toward 25,200; Bank Nifty rebounds above 59,000 as VIX cools 16%
Experts said that follow-through buying and a decisive move above 25,200 are necessary for the bulls to gain enough strength. Until then, the market may witness consolidation, with 24,600–24,500 acting as support.
Trading Plan: Can Nifty 50, Bank Nifty sustain above Wednesday's low amid Middle East tensions?
According to experts, a rebound is possible after the sharp three-day fall, but sustainability will be key, given that bears remain in a strong position.
Trade Spotlight: How should you trade Chennai Petroleum, NALCO, Coal India, JB Chemicals, Balrampur Chini, and others on March 5?
Bears are likely to maintain the upper hand, though there is a possibility of a bounce-back. Below are some short-term trading ideas to consider.
Trade setup for March 5: Top 15 things to know before the opening bell amid Iran conflict jitters
If the Nifty 50 breaks and sustains well below 24,300 zone, a fall towards 24,050–24,000 cannot be ruled out. However, 24,600 is expected to act as the immediate key resistance, experts said.
Technical View: Bears to target psychological support if Nifty breaks below 24,300 amid Iran war; Bank Nifty falls 1,084 points as VIX hits 10-month high
Weekly options data suggest that the Nifty 50 is likely to trade in a broad range between 24,000 (where the maximum Put open interest is placed) and 25,000 (which has the maximum Call open interest) in the short term.
Trade Spotlight: How should you trade Asian Paints, Bharat Dynamics, MCX, BEL, HDFC Bank, Aditya Infotech, and others on March 4?
The market is likely to reel under bear pressure given the weakening momentum and technical indicators amid the Iran war. Below are some short-term trading ideas to consider.
Trading Plan: Can bears drive Nifty 50 toward 24,000, Bank Nifty to 58,600 amid deepening US-Israel-Iran conflict?
After sinking 1.25 percent each in the past two sessions, experts expect the bears to increase pressure on Nifty and target the 24,300–24,000 zone in the upcoming sessions, though there is a possibility of some recovery later. On the contrary, 25,000 may remain a crucial resistance level
Trade setup for March 4 amid escalating US-Iran war: Top 15 things to know before the opening bell
Given the complete dominance of bears, driven by subdued momentum, weak technical indicators, and a sell-off across global markets, the previous day's low (24,603) and the August low (24,338) are expected to be at major risk in the upcoming session. Below these levels, bears may target 24,000, experts said.
Don't fight the range, trade it: Shubham Agarwal
In a range market, the cleanest trades happen near the edges. Sell near the upper extreme. Buy near the lower extreme.
Chartist Talk: Nifty’s downside cushioned; 25,300 in sight amid positive cycle, says Ashish Kyal
In the current environment, Ashish Kyal advised clients to remain cautious and avoid aggressive participation in derivatives, given the event-driven volatility.
Technical View: Bears could strengthen if Nifty breaks Budget-Day low; US-Iran Tensions lift VIX to 9-month high, 59,000 crucial for continued Bank Nifty weakness
Weekly options data suggested that the Nifty 50 is likely to trade in the 24,500–25,000 range in the short term, as a breakout from this range could provide firm directional cues on either side.
Chartist Talk: Market likely to open 1-2% lower amid US-Iran conflict; selling may persist until Nifty reclaims 200-DEMA, Sudeep Shah highlights two stock bets
Sudeep Shah recommends deploying a bear spread strategy by buying 25,150 Put and Selling 25,000 Put, as Nifty is likely to retest the 25,000–24,950 zone in the near term.
