Technical Analyst At Manasjaiswal.com

Technical View: Nifty’s 23,700 support at risk amid US–Iran tensions; Bank Nifty falls over 2%, 55,300 crucial as VIX jumps 11%

The weekly options data indicated that 23,500, which has the maximum Put open interest, is expected to act as support for the Nifty 50, while resistance is placed in the 24,000–24,300 range, which holds the maximum Call open interest.

Sensex, Nifty resume downtrend after a day's breather, fall up to 1.6%: Where does next support lie? Check what analysts say

Out of 7 sessions in March so far, the Sensex and Nifty have declined by up to 7 per cent in 5 sessions combined.

Technical View: Strong follow-up buying needed to push Nifty above 24,500; oil correction cools VIX, 57,500 key for Bank Nifty

The weekly options data suggests that 24,000 is expected to act as support for the Nifty 50, with resistance at the 24,300–24,500 zone in the short term.

India VIX falls sharply after surging over 70% in a month: What lies ahead for markets?

Oil prices retreated on Tuesday after hitting their highest level in more than three years in the previous session.

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.

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.

Markets are still 'sell on rise' despite today's surge, says analyst; here's a level for long-only investors

Sensex, Nifty recovered sharply amid signs of possible de-escalation in the West Asia conflict.

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.

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.

Does today's last-hour selling indicate more downside for Sensex, Nifty? Here's what analysts say

Immediate support for Nifty is placed in the 24,350-24,300 zone, which had acted as a strong base in August 2025.

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.

Technical View: Bears eye deeper correction if Nifty slips below 25,000; Bank Nifty breakdown points to further weakness amid elevated VIX

The weekly options data suggest that 25,000, where the maximum Put open interest is placed, is expected to act as key short-term support, while resistance is seen at 25,400–25,500, which holds the maximum Call open interest.

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Technical View: Nifty has to decisively break 25,300-25,600 zone for directional trend; easing VIX indicates stable volatility

Analysts said the Nifty needs to decisively move out of the 25,300–25,600 band to establish a clear directional trend.

Technical View: Nifty needs to clear 50-DEMA hurdle for northward journey; momentum indicators remain unsupportive, Bank Nifty defends 60,800 again

The weekly options data suggests that the 25,500–25,700 zone is expected to act as key resistance, with crucial support at 25,000 and immediate support at 25,400.

Technical View: Nifty risks deeper fall below 25,200 as VIX, momentum indicators flash warning; Bank Nifty holds 61,000

The weekly options data indicated that the Nifty may face immediate resistance at 25,500, where the maximum Call open interest is placed, while support is placed at 25,000, which has the maximum Put open interest.

Nifty breaches 25,350 amid sharp sell-off: Should investors go long or is more downside possible? Check what analysts say

Experts said that the 25,200–25,000 zone should be viewed as an accumulation area for select stocks from a medium-term perspective.

Technical View: Further rally in Nifty toward 26,000 needs trendline breakout; elevated VIX signals caution, Bank Nifty eyes 61,500

The monthly options data suggest that the Nifty may remain in the 25,500–26,000 range in the short term, as a decisive close on either side of the range can provide firm direction to the Nifty 50.

Technical View: VIX above 14 signals caution for bulls, crossing 25,700 crucial for further Nifty upside; Bank Nifty stays firm above key moving averages

The benchmark Nifty 50 needs to surpass and sustain above the 25,650–25,700 zone for a further upward journey toward 25,800, followed by 25,900.

Technical View: Nifty's 200-DMA under major threat as geopolitical tensions fuel oil rally and spike VIX; Bank Nifty slips below 61,000

Technically, the day’s market action indicates the formation of a ‘Bearish Engulfing’ pattern and a faster retracement of the previous three sessions’ range on the downside within a single session. This is not a good sign for the Nifty.

Technical View: Trendline breakout, strengthening momentum signal Nifty’s move toward 26,000 as VIX cools; Bank Nifty hits record closing high

The India VIX, which measures expected market volatility, cooled down further to 12.22, down 3.55 percent, signalling comfort for bulls. A decisive fall below the 12 zone can bring major comfort for bulls.

Technical View: Nifty rises for 2nd day, move above 25,850 can extend to 26,000, say experts

The Bank Nifty continued to outperform, ending near the 61,200 mark with a gain of 0.37 percent, added Shah.