Indian stock markets likely to open flat, with key resistance at 22,600-22,700 and support at 22,300-22,400.
March 12, 2025: Market Recap: March 11 Performance
✔ Sensex closed at 74,102.32 (-0.02%)
✔ Nifty 50 settled at 22,497.90 (+0.17%)
✔ Bank Nifty fell 0.75% to 47,853.95
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📉 Nifty 50 Predictions & Key Levels
🔹 Resistance Levels: 22,600 – 22,700
🔹 Support Levels: 22,300 – 22,400
🔹 Breakout Target: Above 22,700, Nifty may rally toward 23,000
🔹 Bearish Trigger: Below 22,380, potential downside to 22,300
📊 Indicators:
✔ Bullish Marubozu candlestick pattern suggests continued upward momentum.
✔ RSI at 40 signals lack of strong bullish sentiment.
✔ MACD positive crossover hints at possible upward move.
✔ Nifty trades above 50-EMA, supporting short-term bullish bias.
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💡 Trading Strategy:
🔹 Traders can buy on dips near 22,400 with a stop-loss at 22,300.
🔹 Sell on rise near 22,600 if resistance holds.
📉 Sensex Forecast & Key Levels
🔹 Bullish Above: 74,500 – 74,700
🔹 Bearish Below: 73,700
✔ If Sensex holds above 73,700, bullish momentum continues.
✔ Below 73,700, caution is advised as selling pressure may intensify.
🏦 Bank Nifty Prediction & Key Levels
📉 March 11 Performance: Down 0.75%, closing at 47,853.95
🔹 Resistance: 48,500
🔹 Support: 47,450 – 47,200
📊 Indicators:
✔ Daily RSI at 36 – weak momentum.
✔ Trading below 9-EMA, indicating bearish bias.
✔ Gap-down opening triggered by IndusInd Bank weakness.
💡 Trading Strategy:
🔹 Short-term bearish outlook unless Bank Nifty reclaims 48,500.
🔹 Traders can look for shorting opportunities below 47,700, with targets at 47,450 & 47,200.
🌍 Global Cues & Market Sentiment
✔ Mixed Global Markets: Wall Street volatility may impact Indian equities.
✔ US Recession Fears: Tech stocks under pressure, affecting IT-heavy Indian stocks.
✔ Gift Nifty at 22,550 signals a flat opening.
📢 Trading Summary for March 12
🔹 Nifty 50 Key Range: 22,300 – 22,700
🔹 Sensex Watch Levels: 73,700 (support) | 74,500 (resistance)
🔹 Bank Nifty Weakness: Needs to reclaim 48,500 for bullishness
🔹 Market Sentiment: Neutral to mildly positive
📌 Actionable Insight:
✔ Buy Nifty 50 on dips near 22,400, target 22,600+
✔ Avoid Bank Nifty longs unless it crosses 48,500
✔ Watch for IT sector weakness due to US recession fears
📢 Stay tuned for further updates & happy trading! 📈💰 This is just a report of indicative strength/weakness in the market, pls. seek professional advice before buying/selling stocks.
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Stock Market India, Nifty 50 Forecast, Sensex Outlook, Bank Nifty, Stock Trading Tips, Indian Share Market, Global Market Trends, Market Opening Bell, Intraday Trading, Nifty Support & Resistance