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| Nifty 50 Market Prediction and Recap |
📌 Market Recap – A Dream Expiry Day for Option Traders!
If you’re an intraday Nifty option trader, today’s expiry move was exactly what you’d want—clean directional momentum! And if you’re an investor, the bullish sentiment in equities must have made you smile.
- Nifty 50 opened with a 130-point gap-up and continued its one-sided rally, gaining nearly 300 points (1.24%) without any major pullbacks.
- 44 out of 50 Nifty stocks closed in green, with 26 stocks gaining more than 1%.
- Top Gainer: Bharti Airtel (+4.08%) 🚀
- Top Loser: IndusInd Bank (-1.11%) 🔻
- Axis Bank and UltraTech Cement closed flat.
📊 Key Takeaway:
The market was completely in bulls’ control today. As we emphasized daily, watching the opening range and waiting for a breakout paid off—after breaking the first hour’s range, Nifty gained 120 points in one direction!
But what’s next? Will the bulls continue or take a breather? Let’s analyze the data!
📈 Technical Analysis – Retracement on the Cards?
✅ Bullish Breakout: Nifty closed above the Bollinger Band’s upper band & RSI (14) crossed 60 on the daily timeframe—indicating strong bullish momentum.
⚠️ Caution: On the hourly chart, RSI (14) reversed from 88, signaling overbought conditions.
⚠️ Evening Star Formation at 23,200: This could push Nifty towards 23,000 for a short-term retracement.
🔎 Conclusion:
- Bias remains bullish, but a pullback of 200 points is possible before the next leg up. Check the charts below for clarification.
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Nifty 50 Daily Chart. 
📌 Open Interest (OI) Data – Key Levels to Watch
Since a new week starts tomorrow (and it’s the last expiry of the financial year), OI data is still developing.
- 🔹 Strong Support: 23,000 PE – 94 Lakh OI (put writers defending)
- 🔹 Strong Resistance: 23,500 CE – 77.15 Lakh OI (call writers active)
- 🔹 Make-or-Break Level: 23,200 – Heavy OI buildup, indicating a fight between bulls & bears.
📊 Sectoral Performance – Bulls Took Control!
Every sector ended in green today! 🌟
- Top Performing Sectors:
- 🚀 Nifty Auto (+1.42%)
- 🚀 Nifty FMCG (+1.29%)
- 🚀 Nifty IT (+1.25%)
- Please Check the chart for all sectors performance.
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Nifty 50 Sectoral Performance Chart
📊 FII-DII Activity
- FII: +3239.14 Cr. Buy
- DII: -3136.02 Cr. Sell
📌 Prediction for Tomorrow – Bulls in Charge, but Watch for Retracement!
- Bias: 🔥 Bullish, but a 200-point pullback is possible.
- Key Strategy: Monitor 23,200 closely—if it holds, the rally can continue.
- Opening Range Breakout (15-min & 1-hour) is CRUCIAL!
💡 Key Learning from Today’s Market
📌 How Resistance Becomes Support!
- 23,000 was a major resistance—but today, Nifty gapped up above it.
- Once resistance is broken, it becomes support—and Nifty retested 23,000 before moving up again!
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💬 What’s your prediction for tomorrow? Share your thoughts in the comments below! Let’s discuss. ⬇️📢
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