Nifty Market Recap: March 7, 2025 – Power-Packed Expiry!
Market Overview
What an expiry day! As anticipated yesterday, today was a high-volatility session with opportunities on both sides.
🔹 Nifty 50 opened with a huge gap-up at 22,476 but faced immediate selling pressure, dropping to 22,245.
🔹 On the 15-minute chart, a Hanging Man Doji formed, signaling a reversal.
🔹 From there, Nifty rebounded strongly, touching 22,550 and closing at 22,544, near the day’s high.
Today’s green hammer candle on the daily chart suggests strong bullish momentum going forward.
🔹 Key Support & Resistance Levels
📌 Immediate Support: 22,500 (crucial intraday level)
📌 Immediate Resistance: 22,715
📊 Open Interest (OI) Analysis
Since tomorrow marks the first day of the weekly expiry, OI data is still developing:
✔ Support: 22,500 (52 lakh Put OI)
✔ Resistance: 22,800 (34 lakh Call OI)
📌 Inference: If price action supports it, Nifty could move toward 22,800 on the upside, while 22,500 remains a strong support.
📈 Sectoral Performance
Today, all major sectors closed in green, but the top performers were:
✔ Nifty Energy ⚡
✔ Nifty Pharma 💊
Both large-cap and small-cap stocks saw strong buying interest. Check the sector performance chart below for details!
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| Sectoral Performance Chart. |
📊 FII & DII Activity (Cash Market)
🔹 FII : –2377.32 Cr. (SELL)
🔹 DII : +1617.80 Cr. (BUY)
🎯 Key Learning from Today’s Market
Today’s session reinforced an important lesson: Never ignore price action and candlestick patterns!
✅ The 15-minute reversal candle provided a clear 1:3 risk-reward opportunity for traders.
✅ Chart patterns & technical indicators played a crucial role in today’s trend reversal.
Always wait for confirmation before taking a trade!
📌 Nifty 50 Predictions for Tomorrow
📊 Bullish Outlook: If Nifty sustains above 22,550, we could see a move toward 22,700-22,800.
📉 Bearish Possibility: Despite today’s bullish sentiment, the larger trend is still bearish. Watch for price action near 22,500—if it breaks, Nifty may head lower.
⚠️ Stay cautious and follow price action closely before entering any trade!
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| Nifty 50 Technical Chart for trading tomorrow. |
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📢 What’s Your Market Outlook for Tomorrow?
💬 Drop a comment below with your views and predictions for tomorrow’s market! Let’s discuss and learn together. 👇