Know Where Nifty 50 is Headed A Detailed Technical Analysis and Outlook – March 12, 2025

 


Market Buzz: GIFT Nifty Dips 10 Points as Domestic Resilience Meets Global Jitters

March 12, 2025 | 09:41 AM IST

Domestic stock markets displayed grit on Tuesday, holding their ground even as Asian peers stumbled following a sharp drop in Wall Street indices the previous day. Analysts suggest that with no major domestic catalysts on the horizon, Indian markets are likely to take cues from global trends and remain in a consolidation phase for now.

Market Snapshot: A Quiet Start Looms

The GIFT Nifty, previously known as SGX Nifty, hinted at a subdued opening for Dalal Street on Wednesday. Trading at 22,553.50 on the NSE IX, it slipped 7.50 points—or 0.03%—by morning, setting the stage for a lackluster kickoff.

Technical Insights

Market watchers noted that a strong push past the 22,700–22,800 resistance zone could signal a bullish turn, potentially unlocking further gains in the near term. On the flip side, immediate support lies at 22,315. Volatility crept up slightly, with the India VIX—a gauge of market fear—edging 0.63% higher to close at 14.07.

Global Markets: A Mixed Bag

  • U.S. Markets: Wall Street took a hit on Tuesday, extending Monday’s steep sell-off. Investors fretted over fresh tariff threats and their ripple effects on the global economy. The Dow shed 1.14%, the S&P 500 dropped 0.76%, and the Nasdaq slipped 0.18%.
  • Gold: Prices softened on Wednesday amid talks of a possible Ukraine ceasefire. With eyes on upcoming U.S. inflation data—key to decoding the Federal Reserve’s next moves—gold traders braced for volatility as trade tensions and slowdown fears loomed.
  • Asia: Asian markets showed resilience after U.S. President Donald Trump downplayed recession fears, sparking a late recovery in U.S. stocks. As of 9:17 AM Tokyo time, S&P 500 futures climbed 0.3%, Japan’s Topix gained 0.6%, Australia’s S&P/ASX 200 fell 1.4%, and Euro Stoxx 50 futures dropped 1.5%.

Stocks Under the F&O Ban

Five stocks landed in the futures and options (F&O) ban list today due to crossing 95% of their market-wide position limits:

  1. Manappuram
  2. Hindustan Copper
  3. BSE
  4. IndusInd Bank
  5. SAIL

Investor Moves

Foreign portfolio investors (FPIs) flipped to net sellers on Tuesday, offloading shares worth ₹2,823 crore. Domestic institutional investors (DIIs), however, stayed in buying mode, snapping up equities worth ₹2,002 crore. Meanwhile, the net short position of FPIs eased slightly, dropping from ₹1.79 lakh crore on Monday to ₹1.78 lakh crore on Tuesday.

Currency Check

The rupee staged a recovery from sharp losses, gaining 10 paise to close provisionally at 87.21 against the U.S. dollar on Tuesday. A weaker dollar index—hitting a four-month low—and subdued crude oil prices lent support.

Spotlight Stocks

  • Hindustan Copper: In focus amid the F&O ban.
  • IndusInd Bank: Another name under scrutiny as it joins the ban list.

What’s Next?

With global developments steering the ship, analysts expect Indian markets to stay range-bound until a decisive trigger emerges. Stay tuned for more updates as the trading day unfolds!


A Mulla Nasruddin Tale: The Stock Market Donkey

One day, Mulla Nasruddin decided to try his luck in the stock market. He bought shares of a company everyone praised, imagining himself riding a donkey laden with gold. The next day, the stock crashed. When his friend asked what happened, Mulla grinned and said, “I learned the market’s secret: it’s like my donkey—it brays loudly to promise riches, but when you climb on, it bucks you off into the dust!”
Moral: In markets, as with donkeys, trust the ride at your own risk!

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Disclaimer: The stock price targets and analysis presented are based on publicly available information from top brokerage firms and may change over time. Always consult with your financial advisor before making any investment decisions. The opinions expressed in this article are for informational purposes only and do not constitute financial advice.

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