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| Nifty 50 Analysis |
🔥 Share Market – Today’s Price Action & Recap
📈 Nifty 50 Performance
📌 Bulls dominated the market today! We witnessed a strong bullish trend, making it an ideal day for intraday traders and option buyers.
🔹 Key Highlights:
✅ Nifty opened with a massive gap-up of 150 points at 22,662.25.
✅ Formed a 70-point range (22,599 – 22,671) in the first 15 minutes.
✅ ORB (Opening Range Breakout) confirmed as Nifty broke the range, closing at 22,681.15 in the first 30 minutes.
✅ Market rallied to 22,775 in the first half, followed by a healthy 75-point correction to 22,700, then resumed its uptrend to close near the day’s high at 22,834.30.
✅ A strong session for option buyers, offering high-reward opportunities.
📊 Analysis & Prediction for Wednesday, March 19, 2025
📌 Technical Analysis
🔹 Nifty broke the 22,600 resistance with a gap-up and sustained above it, signaling bullish momentum.
🔹 Closing near the day’s high is a positive sign for bulls.
📍 Key Levels to Watch:
✅ Resistance: 22,960 – 23,000 (23,000 is also a psychological resistance).
✅ Support: 22,680 – 22,700 (Previous resistance, now turned into support).
📌 Remember: When resistance is broken, it often acts as support!
📊 Check the chart below for support, resistance, and important trend lines.
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| Nifty 50 Chart with Support and Resistance Marked. |
📌 OI (Open Interest) Analysis
In today’s market, the Open Interest (OI) data indicates key support and resistance levels:
- 22,600 PE has 1.05 crore OI, making it a strong support level ✅
- 22,700 PE has 85 lakh OI, acting as additional support ✅
- 23,000 CE holds 1.34 crore OI, signifying a strong resistance level ❌
This data suggests that Nifty has solid support at 22,600-22,700, while 23,000 remains a major resistance zone. Keep an eye on these levels for potential market reactions.
📊 Buildup Analysis:
📌 All three major indices showed long buildups today, signaling bullish sentiment.
📊 Sectoral Performance
✅ All sectors closed in the green today.
🚀 Top Performers: Nifty Realty, PSU Banks, and Nifty Auto.
📊 Check the detailed sectoral performance chart below.
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| Sectoral performance |
📌 Prediction for Tomorrow – Be Cautious!
⚠️ Possible Retracement Ahead!
📌 Despite the bullish momentum, some caution is advised:
- RSI on the hourly chart is at resistance & in the overbought zone.
- Put-Call Ratio (PCR) is at 1.42, indicating a healthy correction may occur.
🔹 We are NOT bearish but expect a profit booking session tomorrow.
📊 FII & DII Activity
📉 Foreign Institutional Investors (FII): BUY 1462.96 Cr.
📈 Domestic Institutional Investors (DII): BUY 2028.15 Cr.
💡 Key Learnings from Today’s Market
📌 When the market gaps up and sustains above resistance, always monitor:
✅ VWAP (Volume-Weighted Average Price)
✅ Opening Range Breakout (ORB) or Breakdown
These factors can help in making high-probability trades.
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💬 What’s your prediction for tomorrow? Share your thoughts in the comments below! Let’s discuss.