Technical View

Technical View: Nifty sees profit booking after 8% rally; 24,000 a crucial hurdle for bulls, Bank Nifty needs decisive break above 55,800 for further upside

The weekly options data suggests that the Nifty 50 is likely to trade within the 23,500–24,000 range in the short term.

Technical View: Nifty sees biggest single-day rally since May 2025 after ceasefire; 24,300 key for further gains; Bank Nifty targets 56,300 as VIX drops over 20%

The next immediate crucial resistance zone for the Nifty 50 is seen at 24,200–24,300, followed by 24,500, and 24,800 being a critical hurdle. However, 23,800 is going to be a support level, according to experts.

Technical View: Analysts urge caution amid Middle East tensions; Nifty eyes 23,500 on clearing next resistance

Analysts said resistance is placed at 23,200, and a decisive move above this level could trigger the next leg of the rally towards 23,500–23,800.

Technical View: Bulls hold ground for a third day, but sustainability of Nifty 50 uptrend remains crucial as VIX stays above 25; Nifty Bank eyes 53,000

The weekly options data indicates a trading range of 22,500–23,500 for the Nifty 50.

Technical View: Bears hold power; VIX remains above 25 despite Nifty’s 530-point recovery; 22,200 crucial for next week; Bank Nifty’s 50,000 at risk amid Iran war

The weekly options data indicates a 22,000–23,000 range for the Nifty 50 in the short term, as a breakout on either side of the range could provide further direction to the market.

Technical View: Nifty needs follow-through buying for 23,000; consolidation likely until then; 52,200 key hurdle for Bank Nifty, VIX slips 10%

Despite the positive close, the formation of a bearish candle by the Nifty 50 on the daily chart signals a strong presence of sellers at higher levels.

GIFT Nifty rises nearly 0.7%: Will markets make U-turn from oversold zone tomorrow? Here's what analysts say

Immediate support for Nifty is placed in the 22,150–22,200 range, while resistance is seen between 22,450 and 22,500, said an analyst

Technical View: Worst March quarter and month since 2020 for Nifty 50, Bank Nifty; further bearish pressure likely toward 22,000 if trendline support breaks, VIX at 4-year high

Weekly options data suggest that the Nifty 50 is likely to remain in the 22,000–22,500 range in the short term, as a breakout on either side could determine the next directional move.

Technical View: Bear attack on Nifty 50 signals major risk to 22,450 support next week; 51,300 crucial for Bank Nifty as Iran crisis lifts India VIX near 27

The India VIX spiked 8.8 percent to 26.8 and approached Monday’s high, signalling major discomfort for bulls. The risk for bulls may increase further if it rises sharply from current levels.

Nifty could slip to 22k on break of next support, say analysts; check key levels ahead of truncated trading week

Sensex, Nifty declined about 9.5 percent since the US-Israeli conflict involving Iran began on February 28.

23,400 seen as key resistance for Nifty, move beyond it could trigger fresh leg of rally, say experts

Analysts said the near-term trend may remain positive as long as the index holds above 23,000.

Technical View: Nifty needs a decisive move above 23,500 to extend rally; 54,700 key hurdle for Bank Nifty as India VIX above 24 keeps bulls at risk

In the immediate term, the 23,500–23,600 zone is expected to act as key resistance for the Nifty 50. However, support is placed around the 23,000 zone, according to experts.

Technical View: Nifty seeks follow-up buying, eyes 23,100; Bank Nifty targets 53,000, VIX eases but remains elevated

Monthly options data suggests that the Nifty 50 is likely to remain within a broad range of 22,500–23,500 in the short term. Within this range, the 23,000 level may act as a crucial pivot for directional movement on either side.

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).

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.

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.

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.

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.

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.

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.