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📈 Nifty Market Recap – March 10, 2025

📊 Market Performance

Nifty opened with a slight gap-down at 22,521, and within the first 45 minutes, it made the day’s high at 22,676. On the 15-minute chart, a Doji candle formed at the day’s high, signaling a potential reversal. As expected, the market reversed from 22,700 and closed at 22,440. 

🔹 Key Observations:
✅ Nifty failed to sustain above 22,600 and closed below 22,500, indicating a bearish trend.
✅ On the daily time frame, Nifty tested the 20-SMA at 22,675 and faced strong rejection.
✅ Today, our Reversal Strategy worked perfectly, offering a solid profit opportunity. (Check our Free Reversal Strategy to learn more.)

📊 What to Expect Tomorrow – March 11, 2025?

📌 Technical Analysis

🔹 Nifty broke below 22,500, a key support level.
🔹 Next Support Levels: 22,300 & 22,050
🔹 Resistance Levels: 22,500 & 22,600

🔍 Open Interest (OI) Analysis

🔹 PE Writers faced panic, leading to a significant reduction in Put writing.
🔹 Support: 22,400 (Put OI: 53L)
🔹 Resistance: 22,600 (Call OI: 79L)

At 22,500, there’s 59L OI on the PE side and 67L OI on the CE side. A reduction in PE-side OI suggests a bearish sentiment for tomorrow.

📊 Sectoral Performance

✅ Only FMCG closed in green today.
❌ Energy & Realty sectors led today’s bearish sentiment.
❌ Midcap & Smallcap indices also closed in red.
📌 Check the sector-wise performance chart below for details.

📈 FII/DII Activity

💰 FII: (Yet to Update)
💰 DII: (Yet to Update)

📚 Learning from Today’s Market

📌 Don’t underestimate the power of a Doji candle!
👉 When a Doji forms after a breakout, consider exiting trades, as it has a high probability of reversing the trend. 

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📢 What’s Your Market Outlook for Tomorrow?
💬 Drop a comment below with your views and predictions! Let’s discuss and learn together. 👇