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| Nifty 50 Prediction and Market recap. |
📊 Nifty Market Recap & Expiry Day Prediction – March 20, 2025
Market Today: Nifty 50 Performance
📌 Nifty 50 Today: Tight Range Trading, Premium Decay & Market Analysis
Hey fellow traders! Let’s dive into today’s action on the Nifty 50. If you were watching the charts closely, you’ll know it was a day of tight ranges and premium decay, making it a bit of a rollercoaster for intraday option buyers.
Market Sentiment: Slightly Sideways to Bullish
Overall, the market sentiment can be described as slightly sideways to bullish. The Nifty 50’s ability to close near its daily high suggests underlying strength, but the range-bound trading indicates a lack of conviction from either the bulls or the bears.
📊 Nifty spent the entire day within a tight 150-point range.
- The first 15-minute opening range was around 80 points, which was broken after one hour.
- However, post-breakout, Nifty remained stuck within a 60-point range, finally closing near the day’s high at 22,907.60
- 📉 No major profit booking occurred, but option premiums remained in a narrow range all day.
🔹 Stock Market Movers
✅ Gainers: 32 stocks advanced, with Shriram Finance (+3.99%) as Top gainers.
❌ Losers: 18 stocks declined, with Tech Mahindra (-2.41%) as the biggest loser.
👉 Now, let’s analyze the data to predict tomorrow’s expiry day moves!
📊 Analysis & Prediction for Expiry Day – March 20, 2025
📌 Technical Analysis
🔹 Nifty looks technically strong after closing above the 20 SMA for two consecutive days.
🔹 Key Resistance Levels:
- Psychological Resistance: 23,000
- Technical Resistance: 23,100 – 23,150
🔹 Key Support Levels:
- Immediate Support: 22,800
📌 Market Insight:
- Since today’s session was sideways, RSI on smaller time frames has cooled off, making Nifty even stronger.
- Today’s daily candle resembles a Doji, which usually signals a trend pause. However, since it formed below a resistance zone, it holds less significance.
👉 OI analysis will help us predict tomorrow’s market movement! Keep reading.
📌 OI (Open Interest) Analysis
- 22,800 PE has 98 Lakh OI, making it a strong support level ✅
- 23,000 CE holds 1.24 Crore OI, signifying a strong resistance level ❌
📌 Market Takeaway:
- Nifty has a solid base at 22,800 and will likely hold above this level unless heavy selling occurs.
- 23,000 remains a major resistance—a breakout above it could trigger short covering and upside momentum.
📊 Buildup Analysis
📌 All three major indices showed positive buildups, indicating strong market participation.
📊 Sectoral Performance
✅ All sectors closed in the green today, except for Nifty IT and FMCG, which showed minor losses.
🚀 Top Performing Sectors: Nifty Realty, PSU Banks, and Nifty Energy.
📊 Check the detailed sectoral performance chart below.
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| Nifty 50 sectoral performance chart |
📌 Prediction for Tomorrow – BULLS AHEAD!
⚠️ Possible Retracement can occur.!
📌 Despite the bullish trend, some caution is necessary:
✔ RSI on the hourly chart is at resistance & in the overbought zone.
✔ Put-Call Ratio (PCR) stands at 1.24, signaling a potential healthy correction.
🔹 Our Bias: We remain bullish but cautious of profit booking.
📊 FII & DII Activity
📉 Foreign Institutional Investors (FII): –1095.50 Cr Sell
📈 Domestic Institutional Investors (DII): 2140.76 Cr. Buy
.🚀 Fii has bought 22701.97 Cr. in Index Options. It clearly shows that tomorrow market can be volatile.
💡 Key Learnings from Today’s Market
📌 1. Sideways markets often follow a strong rally.
📌 2. Intraday option buyers should avoid trading in sideways markets.
📌 3. Opening range breakouts & VWAP can provide high-probability trades.
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💬 What’s your prediction for tomorrow? Share your thoughts in the comments below! Let’s discuss.