Nifty Market Recap: March 7, 2025 – Key Support & Resistance for Monday’s Trade

 

📈 Today’s Market Performance

After three days of strong momentum, Nifty 50 witnessed a sideways session today, testing key levels. Let’s analyze the price action, sector performance, and expectations for Monday. 

Nifty 50 opened almost flat, and within the first 15 minutes, it signaled a range-bound and sideways session. While scalpers found opportunities, intraday traders had limited chances due to low momentum.

The market respected key levels from our previous analysis:

• Day’s Low: 22,464
• Day’s High: 22,633

This reinforces 22,500 as a strong support and 22,625 as an immediate resistance.

After a three-day rally, Nifty showed some choppiness, which is a natural market cycle:

🔄 Trend → Choppiness → Sideways → Trend Again

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📊 What to Expect on Monday (March 10, 2025)?

With the market closed over the weekend, Monday’s trend appears slightly sideways based on price action.

📌 Key Levels to Watch:

✅ Support: 22,450 – 22,500

✅ Resistance: 22,625

If Nifty breaks either side, we may see a 150-200 point move:

📈 Above 22,625 → Next target: 22,800

📉 Below 22,450 → Next support: 22,300

📌 Check the technical trading chart below for details.

Nifty 50, support and resistance for 10 march 2015. Technical Chart

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🔍 Open Interest (OI) Analysis

• Strong Put Writing observed at 22,300, 22,400, and 22,500, indicating solid support at 22,500.
• Call Writers below 22,500 showed signs of panic, squaring off positions.
• Major Call Writing at 22,800, establishing it as a key resistance zone.

🔹 Expected Range for Monday: 22,500 – 22,800

✅ Support: 22,500 (71L Put OI)

✅ Resistance: 22,800 (84L Call OI)

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📊 Sector Performance

📉 Nifty IT & Realty were weak, closing with losses of 0.8% and 1.15%, respectively.

📈 No major sector gained more than 1% today.

📌 Check the sector performance chart below for details.

Nifty 50 Sectorial detail chart

📊 FII & DII Activity (Cash Market)

🔹 FII Data: -2035.10 Cr (Sell)

🔹 DII Data: +2320.36 Cr (Buy)

FII has bought 15742 cr. in Index Options Which shows  Nifty can be trendy on Monday. 

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📚 Key Learning from Today’s Market

📌 How to trade range-bound markets?

• When the market forms a large candle in the first 15 minutes (~100 points move), there’s a high probability of a sideways session.
• Intraday traders should wait for price action near support/resistance before entering trades:
• Near resistance (22,625+) → Consider PE trades
• Near support (22,500-) → Consider CE trades