📊 Nifty 50 Market Recap & Monday Prediction – March 24, 2025
Today, Nifty showcased the power of bulls, opening at 23,168.25, touching a low of 23,132.80, and reaching a high of 23,402.70 before closing strong at 23,350.40.
📉 Mid-Session Correction: In the second half, Nifty retraced 120 points from 23,400, but found strong support at 23,280 and bounced back.
📊 Market Sentiment: Strong bullish momentum, with Bank Nifty & FinNifty gaining over 1%.
🏆 Top Gainers: SBILIFE & NTPC (+3.5%)
🔻 Top Losers: TRENT & M&M (-1.5%)
🔎 What’s Next? Are we at the top, or will the rally continue? Let’s analyze key data points!
📈 Technical Analysis – Bulls Gaining Strength!
✔ Daily Chart:
- RSI (14) has crossed 60 → Bullish Signal ✅
- Next Major Resistance: 23,800
- Key Level: Nifty struggled at 23,400 today, making it an important breakout level.
✔ Intraday (Hourly Chart) Insight:
- RSI (14) at 83.64 (Overbought Zone) → Indicates possible consolidation or correction phase.
📌 Conclusion:
- A breakout above 23,400 could lead to a rally toward 23,800.
- Watch for consolidation or pullbacks before entering new trades.
📌 OI (Open Interest) Data – Key Levels to Watch
🔹 Strong Support: 23,200 PE – 74 Lakh OI ✅
🔹 Strong Resistance: 23,500 CE – 72 Lakh OI ❌
📌 Market Insight:
- Put-side OI increasing & Call-side OI decreasing → Bullish signal for option traders.
📊 Buildup Analysis (Futures Market Positioning)
📌 Insight: Short covering & long buildup indicate strong bullish momentum!
📌 Prediction for Monday – Bullish with Key Levels to Watch!
📊 Based on technicals & OI data, the market remains bullish for Monday.
⚠ Caution: Watch for a possible retracement if Nifty struggles at 23,400.
🔎 Levels to Watch:
✔ Above 23,400 → Rally toward 23,800 possible
✔ Below 23,200 → Watch for support at 23,000
📊 Sectoral Performance – Bulls Lead in All Sectors!
✅ All sectors closed in the green!
🚀 Top Performers: Nifty Realty & PSU Banks
📌 Upcoming Watch: Nifty IT could be the top gainer on Monday!
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| Sectoral performance detail |
📊 FII & DII Activity – Institutional Moves (Will Be Updated Soon)
📉 Foreign Institutional Investors (FII): 7470.36 Cr. Buy
📈 Domestic Institutional Investors (DII): -3202.26 Cr. Sell
📌 Key Learning from Today’s Market
📢 Trend is your best friend! Instead of fighting the trend, find bullish trade setups during an uptrend. Look for support levels to enter trades smartly.
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💬 What’s your prediction for Monday? Share your thoughts in the comments below! Let’s discuss. ⬇️📢
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