Observations & Key Reference Points – Nifty Outlook
• Nifty needs to close the gaps at 25,500 and 25,150 before any meaningful pullback.
• This pullback could trigger fresh short covering, pushing the index from 25,150 towards 25,850, followed by another potential sell-off.
• On the downside, Nifty may test 24,200 by mid-March, as it aligns with a strong support zone and the gap from the mid-May rally. This level could offer a fresh “buy on dips” opportunity.
• On the upside, a decisive move above 26,400 would act as a breakout, potentially opening the path toward 28,500 in a relatively short time frame.
• Nifty needs to close the gaps at 25,500 and 25,150 before any meaningful pullback.
• This pullback could trigger fresh short covering, pushing the index from 25,150 towards 25,850, followed by another potential sell-off.
• On the downside, Nifty may test 24,200 by mid-March, as it aligns with a strong support zone and the gap from the mid-May rally. This level could offer a fresh “buy on dips” opportunity.
• On the upside, a decisive move above 26,400 would act as a breakout, potentially opening the path toward 28,500 in a relatively short time frame.
GeeksofNifty
Photo
NIFTY 50 – Quick Broadcast View 📊
Spot: 25,655
Structure: Rising wedge near falling trendline resistance 🔻
Options Data (This Expiry)
PCR: ~1.0 ⚖️ (Neutral positioning)
Max Pain: 25,600 🎯 (Expiry magnet near spot)
Heavy Call OI: 25,800 & 26,000 🧱 (Strong resistance)
Strong Put OI: 25,500 & 25,400 🛡️ (Immediate support)
IV: Stable 📉 – No panic pricing yet
Triggers 🚦
Above 25,800 🚀 → Short covering → 26,000+
Below 25,550 🔻 → Selling pressure → 25,400 zone
Writers controlling range between 25,500–25,800 ⏳ until breakout.
Spot: 25,655
Structure: Rising wedge near falling trendline resistance 🔻
Options Data (This Expiry)
PCR: ~1.0 ⚖️ (Neutral positioning)
Max Pain: 25,600 🎯 (Expiry magnet near spot)
Heavy Call OI: 25,800 & 26,000 🧱 (Strong resistance)
Strong Put OI: 25,500 & 25,400 🛡️ (Immediate support)
IV: Stable 📉 – No panic pricing yet
Triggers 🚦
Above 25,800 🚀 → Short covering → 26,000+
Below 25,550 🔻 → Selling pressure → 25,400 zone
Writers controlling range between 25,500–25,800 ⏳ until breakout.
• Gold and silver have slipped around 2% each, indicating some pressure on safe-haven assets.
• The US markets are hovering near key support, with a potential downside risk if levels fail.
• Overall bearish sentiment is gradually building up across global markets.
Nifty Outlook:
• Nifty appears to be filling the upside gap first before making any decisive move.
• The zone of 25,520 – 25,350 is crucial and should be closely monitored.
• A breakdown below this range could accelerate downside momentum.
• The US markets are hovering near key support, with a potential downside risk if levels fail.
• Overall bearish sentiment is gradually building up across global markets.
Nifty Outlook:
• Nifty appears to be filling the upside gap first before making any decisive move.
• The zone of 25,520 – 25,350 is crucial and should be closely monitored.
• A breakdown below this range could accelerate downside momentum.