What is NIFTY 50?
NIFTY50 is a benchmark index representing the top 50 companies listed in National Stock Exchange (NSE). Their weightage is based on free-float Market Capitalization.
NIFTY 50
NSE
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Short term - Technical Outlook
Nifty 50 is expected to trade with a cautious undertone following the recent bout of selling pressure that pushed the index below the psychologically important 24,000 mark. On the downside, immediate support is placed around 23,700, and a decisive break below this level could open the door for a deeper correction toward the 23,400 zone. On the upside, 24,000 now acts as the first layer of resistance, while a stronger hurdle is placed near the 24,300 region. A sustained move above 24,300 would be required to signal a meaningful recovery in the near term. Momentum indicators continue to reflect weakness, with the RSI hovering near the 30 level, close to the oversold territory, suggesting the possibility of a short-term technical bounce. Meanwhile, the MACD remains in negative territory, indicating that bearish momentum continues to dominate the broader trend. Overall, the index is likely to trade with a downside bias in the near term unless key resistance levels are decisively reclaimed.
Short term Research Report Call
Buy Above: 24000 | Targets: 24070, 24150, 24200 | Stop-loss: 23950
Sell Below: 23750 | Targets: 23680, 23600, 23550 | Stop-loss: 23800
Short term Chart
Long term - Technical Outlook
Nifty 50 immediate and critical support zone lies around 23,700. A clear breakdown below this level may intensify selling pressure and drag the index toward 23,400–23,000. On the upside, the 24,300–24,600 band now acts as a key resistance area, as earlier support has turned into a barrier; a sustained move above this range is essential for near-term stabilization. Momentum indicators remain weak, with the RSI hovering around 35, in the oversold teritorry, while MACD sell signals continue to reflect prevailing bearish momentum. Overall, the downside bias remains intact unless the index posts a decisive close above the 25,000–25,300 region.
Long term Research Report Call
Buy Above: 24300 | Targets: 24380, 24470, 24580 | Stop-loss: 24200
Sell Below: 24100 | Targets: 24000, 23920, 23830 | Stop-loss: 24200
Long term Chart
Market View
March 12th 2026
Indian equity markets opened with a sharp gap-down, reflecting heightened global uncertainty and rising risk aversion among investors. The immediate trigger behind the decline is the sharp surge in crude oil prices, with Brent crude approaching the $100 per barrel mark following escalating geopolitical tensions involving the U.S., Israel, and Iran in West Asia. For India, this development is particularly sensitive as the country imports more than 85% of its crude oil requirement. A sustained rise in oil prices typically widens the current account deficit, increases inflationary pressures, weakens the Indian rupee, and impacts corporate profitability, particularly for sectors with high energy dependence. As a result, higher oil prices tend to weigh on equity market sentiment.
Adding to the pressure is the weak global market environment. Several Asian markets, including Japan’s Nikkei and South Korea’s Kospi, traded sharply lower as investors shifted toward a risk-off stance amid geopolitical uncertainty. Another key factor weighing on sentiment is the persistent selling by Foreign Institutional Investors (FIIs). Since the beginning of March, FIIs have remained consistent net sellers in the Indian market, pulling out more than ?21,000 crore, which has created additional pressure on large-cap indices, particularly banking and financial stocks.
The current market weakness reflects a continuation of the volatility that has dominated markets since early March, driven by escalating geopolitical tensions in the Middle East, rising crude oil prices, and sustained foreign outflows. The near-term outlook for Indian equities therefore remains cautious, with markets likely to experience bearish pressure and intermittent bouts of volatility until clearer global triggers emerge.
Nifty 50
Nifty 50 opened with a gap-down near 23,691, extending the previous session’s weakness and remaining under sustained selling pressure. The index is currently trading below key short-term supports, indicating a weak technical structure in the near term. On the downside, immediate support is placed around the 23,400–23,300 zone, and a decisive break below this range could accelerate the decline toward the 23,000 psychological level. If selling pressure intensifies further, the index may extend losses toward the 22,500 region, where the long-term rising slope trendline support is positioned and could act as a stronger structural base. On the upside, the 23,850–24,000 zone now acts as immediate resistance, representing the recent gap area and a key psychological level where earlier support has turned into resistance. Momentum indicators remain weak, with the RSI slipping below 30, indicating oversold conditions, while the MACD continues to remain in negative territory, highlighting persistent bearish momentum in the near term.
Bank Nifty
Bank Nifty opened with a sharp gap-down near the 54,975 mark, reflecting weakness across banking stocks. The index continues to remain under selling pressure as financial heavyweights track the broader market weakness. On the downside, immediate support is placed near 54,700, and a break below this level could intensify selling pressure toward the 54,000 zone. On the upside, the 55,500 level now acts as the immediate resistance where sellers may re-emerge. Momentum indicators remain subdued, with the RSI hovering in the mid-20s, indicating oversold conditions, while the MACD continues to remain in negative territory, suggesting persistent bearish undertones. Overall, Bank Nifty is likely to remain volatile with a negative bias unless key resistance levels are reclaimed.
Resistance 23,850
Support 23,400
FII & DII Activities
Particular
FIIs
DIIs
Net Purchase/ Sales (Cr)
11 Mar 2026
-6,267.31
+4,965.53
MTD-May (Cr)
March
-39,116.71
+53,099.51
Global Market
March 12th 2026
NASDAQ
USA
22,716.14
19.03 0.08
12th March
Dow Jones
USA
47,417.27
12th March
FTSE
UK
10,306.09
12th March
DAX
GERMAN
23,614.81
12th March
GIFT Nifty
Singapore
23,699
12th March
NIKKEI 225
Japan
54,452.96
12th March
Shanghai
China
4,129.1
12th March
S&P 500
USA
6,775.8
12th March
March 12th 2026
Top Gainers
CONFIPET
35.49
5.91 19.98
DCMFINSERV
6.74
1.12 19.93
REGAAL
87.69
14.61 19.99
ICDSLTD
45.37
7.56 19.99
Top Losers
ZYDUSLIFE
915.65
-6.1 -0.66
BANKBARODA
289
-0.3 -0.1
SBIN
1,085
-6.1 -0.56
HDFCBANK
833.3
-0.65 -0.08
Technicals
Pivot Advanced Levels
Check live levels for all scripts
Buy Above
23720.50
R1
23781.40
R2
23845.08
R3
23958.59
Stop Loss
23648.52
Pivot
23676.20
(All values are in INR)
Sell Below
23631.90
S1
23571.00
S2
23507.32
S3
23393.81
Stop Loss
23703.89
Pivot Basic Levels
| R4 | R3 | R2 | R1 | Pivot | S1 | S2 | S3 | S4 | |
| Classic | 24192.85 | 24072.95 | 23953.05 | 23796.10 | 23676.20 | 23519.25 | 23399.35 | 23242.40 | 23085.45 |
| Woodie | 24497.49 | 24054.43 | 23943.79 | 23777.58 | 23666.94 | 23500.72 | 23390.09 | 23223.87 | 22836.39 |
| Camarilla | 23791.42 | 23715.28 | 23689.91 | 23664.53 | 23676.20 | 23613.77 | 23588.39 | 23563.02 | 23486.88 |
Moving Averages
Bullish
Bearish
5 Day
20366.38
10 Day
19633.30
20 Day
19041.92
50 Day
18479.59
100 Day
18162.64
200 Day
17860.08
Momentum Oscillators
Bullish
2
Bearish
1
Neutral
4
Bullish
2
Bearish
1
Neutral
4
Stoch RSI
71.12
ROC
-7.02
Ultimate
38.98
Williams
-96.26
CCI
-129.63
Stochastic
5.07
RSI
67.12
Trend Oscillators & Volatility
Bullish
1
Bearish
0
Neutral
0
Bullish
1
Bearish
0
Neutral
0
ATR
129.97
Low Volatility
MACD
307.27
Bullish
Nifty Stock List
Check all stocks
| Stock Name | CMP | Change (%) | Market Cap (Cr.) | Sector | Piotroski Score |
RELIANCE | 1392.2 | 0.1439 | 1882502.2 | Oil & Gas | 7 / 9 |
HDFCBANK | 604.5 | 1.0616 | 1283555.38 | Banks | 3 / 9 |
HDFCBANK | 832.75 | -0.1439 | 1283555.38 | Banks | 3 / 9 |
BHARTIARTL | 1801.3 | -0.3154 | 1100647.34 | Telecom | 8 / 9 |
SBIN | 1085.2 | -0.5407 | 1006691.16 | Banks | 5 / 9 |
Market Commentary
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Disclaimer: Investment in securities/commodities market subject to market risk, read all the related documents carefully before investing/trading.
Analyst Certification: I/We, Ayushi Jain Research Analyst, authors, and the name subscribed to this report, hereby certify that all the views expressed in this research report accurately reflect our views about the subject issuer(s) or securities. We also certify that no part of our compensation was, is, or will be directly or indirectly related to the specific recommendation(s) or view(s) in this report. NISM Research Analyst registration number – NISM-201900015194.
NIFTY50 is a benchmark index representing the top 50 companies listed in National Stock Exchange (NSE). Their weightage is based on free-float Market Capitalization.
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