Nifty 50 Technical Analysis for Monday: Key Support, Resistance & Market Outlook

 
Nifty 50 Technical Analysis: What to Expect on Monday

The Indian stock market has witnessed significant volatility in recent sessions, with Nifty 50 showing weakness amid global uncertainties and heavy selling pressure. As traders and investors look forward to the next trading session on Monday, analyzing key technical indicators becomes crucial.

📌 Market Overview

Nifty 50 ended the last trading session on a weak note, struggling to hold above critical support levels. The index is down nearly 15% from its all-time high, reflecting cautious market sentiment. Key factors driving this decline include:

  • Global Market Trends: Weakness in U.S. and European markets has impacted Indian equities.
  • Foreign Institutional Investors (FIIs): Continued selling pressure from FIIs has kept the market under stress.
  • Domestic Institutional Investors (DIIs): DIIs have provided some buying support, but not enough to reverse the trend.
  • Economic Factors: Inflation concerns, interest rate decisions, and corporate earnings have influenced investor sentiment.

📈 Key Technical Levels: Support & Resistance

Level Type Price Range
Immediate Support 21,800 – 22,000
Stronger Support 21,500
Immediate Resistance 22,300 – 22,600
Stronger Resistance 23,000

If Nifty 50 fails to hold the 21,800 – 22,000 support zone, we could see further downside towards 21,500. On the upside, a decisive move above 22,600 could trigger a short-term rally.

📉 RSI (Relative Strength Index) Analysis

The RSI for Nifty 50 is currently at 28, which indicates that the index is in the oversold territory. Historically, when RSI drops below 30, we often see a short-term recovery or bounce.

📊 MACD (Moving Average Convergence Divergence) Analysis

The MACD indicator remains in the bearish zone, with the MACD line below the signal line. This confirms that bearish momentum is still strong. However, a positive crossover could signal the start of a reversal.

📌 Bollinger Bands Analysis

Nifty is currently trading near the lower Bollinger Band, which suggests that the index is oversold. If the price moves above the middle band, we may see a short-term recovery.

🔮 What to Expect on Monday?

Based on current technical indicators and market sentiment, here’s what we can anticipate for Monday’s trading session:

  • SGX Nifty Trends: If SGX Nifty trades positive, we might see a gap-up opening.
  • Global Cues: The performance of U.S. and Asian markets will play a key role in determining Monday’s trend.
  • FII Activity: If FIIs continue selling aggressively, expect more downside pressure.
  • DII Support: Domestic institutional buying could help stabilize the market.
  • Oversold RSI: A short-term bounce is possible if buying emerges.
  • Breakout Levels: If Nifty crosses 22,600, we could see a bullish reversal.

📌 Quick Recap: Monday Market Expectations

Factor Impact on Market
SGX Nifty Trends May indicate early direction
RSI & Technical Indicators Oversold, possible rebound
FII Selling Key risk if outflows continue
DII Buying May support the market
Support Levels 21,800 & 21,500 (key downside risk)
Resistance Levels 22,300 & 22,600 (breakout levels)

📢 Final Thoughts

Nifty 50 is currently at a critical juncture, and Monday’s opening will depend heavily on global market trends and institutional investor behavior. Traders should closely watch support at 21,800 and resistance at 22,600 to determine market direction.

Stay tuned for further updates, and happy trading!

Golden Opportunity Join Our Free Webinars & Start Earning 2000 to 10000 Rupees Per day

📈 Stock Market Training

Learn **Intraday & Basket Investing** to earn ₹2,000+ per day!

Register Now

🤖 AI Money-Making Training

Discover How To **Earn ₹2,000 – ₹10,000 daily** Using AI Tools like ChatGPT, Grok and Gemini !

Join Now

✨ Manifestation Secrets

Use **Ancient Indian Techniques** to Manifest Wealth & Success Effortlessly!

Register and Unlock Now

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.

Comments

Popular posts from this blog

Live Market Intraday Picks From the Net and Nifty Commentary 7th March

Live Financial Markets Program

Potential Multibagger Carysil Limited: Growth Potential, Stock Performance, and Future Outlook

Breakout Stocks with Technical Analysis

Latest Brokearge Report Reliance Industries

Know Where Nifty 50 is Headed A Detailed Technical Analysis and Outlook – March 7, 2025

Stocks in News and Market Information for March 5th 2025

Bank Nifty Analysis for March 4th 2025

Stocks in News and Market Information for March 6th 2025