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Gift Nifty is trading at 23762.00 , up by 83.00 points, indicating a flat opening for Nifty.
Rupee Desk - USD/INR: Currently trading at 85.68
Short term - Technical Outlook
The Indian stock market is set to open on a positive note today, driven by global cues. Gift Nifty is trading at 23,762, up by 83 points, as Asian and U.S. markets trade in the green. FIIs continue their buying trend, marking their fourth consecutive session of purchases, potentially driving the market higher. Additionally, U.S., Asian, and European markets are rallying after the U.S. government decided to limit the scope of upcoming tariffs, easing investor concerns.
The USD/INR is trading below 86 at 85.68, indicating rupee strength, which could support further market gains.
The combination of a strengthening rupee, weakening U.S. dollar, attractive valuations in the Indian market, declining bond yields, consistent FII buying, and favorable trade policies with other nations is contributing to positive economic sentiment. Investors can consider a buy-on-dips strategy for the long term.
Nifty experienced significant volatility in the last session. It faced resistance at the previous high range of 23,800–23,815. Nifty closed flat, up by 10 points, settling at 23,668. It broke out of the ascending channel on the 15-minute chart and is now facing resistance at the previous high of 23,800–23,810. A retesting of the breakout level around the 23,300–23,200 range is possible. Another intraday move is expected above 23,720 for further upside or below 23,620 for downside. Sustaining above 23,850 will be technically favorable for Nifty.
The major event for the week is the U.S. Q4 GDP data release, scheduled for tomorrow at 6 PM.
The U.S. 10-year Treasury yield fell as the Fed’s dot plot maintained its outlook for two rate cuts this year. The Dollar Index dropped to a four-month low of 104.3, while USD/INR traded in a narrow range at 85.57, indicating rupee appreciation, which may support further market gains.
FIIs and DIIs Activity:
FIIs continued their buying streak for the fourth consecutive session, purchasing 5,371 crore in the previous session, while DIIs sold 2,768 crore. On a monthly basis, FII net outflows stand at 6,984 crore, while DII net inflows have reached 28,117 crore. The consistent FII buying could significantly boost investor confidence going forward.
Short term Research Report Call
Buy Above: 23,720 | Targets: 23,800, 23,900, 23,970 | Stop-loss: 23,650
Sell Below: 23,620 | Targets: 23,560, 23,500, 23,410 | Stop-loss: 23,670
Short term Chart
Long term - Technical Outlook
Nifty experienced significant volatility in the last session, breaking out of a descending channel pattern and closing at 23,668.65, up by 10 points. If Nifty sustains above 23,850, it could potentially lead to a further upside rally, while a breakdown below 22,300 may trigger further downside. A retest of the breakout level of the descending channel at the 23,200–23,300 range is possible. Nifty is currently facing resistance around the 23,800 range. A strong close above this level could lead to the 24,500 range.
FIIs showed strong interest for four consecutive sessions, buying 5,371 crore in the previous session despite global uncertainties, while DIIs sold 2,768 crore. On a monthly basis, FII net outflows stand at 6,984 crore, while DII net inflows have reached 28,117 crore. The consistent FII buying could significantly boost investor confidence going forward.
Investors and short-term traders can consider a buy-on-dips strategy for the long term, as the market is currently trading at attractive valuations. Quality investments at this level are likely to yield strong long-term returns.
Long term Research Report Call
Buy Above: 23,850 | Targets: 24,000, 24,210, 24,500 | Stop-loss: 23,700
Sell Below: 22,300 | Targets: 21,900, 21,550, 21,270 | Stop-loss: 22,500
Long term Chart
March 26th 2025
Resistance 23,700
Support 23,500
Particular
FIIs
DIIs
Net Purchase/ Sales (Cr)
24 Mar 2025
+5,371.57
-2,768.87
MTD-May (Cr)
March
-6,984.8
+28,117.86
The Indian equity benchmark indices opened flat on Wednesday, March 26, despite positive global cues and strong FII buying, marking the seventh consecutive session of gains. At 9:28 AM, the S&P BSE Sensex was up 109.21 points (0.14%) at 78,126.40, while the NSE Nifty50 rose 50.10 points (0.21%) to 23,718.75. The broader market also rebounded, with the Nifty Midcap 100 advancing 0.66% and the Nifty Smallcap 100 rising 0.31%. Market breadth remained favorable, with 1,442 stocks advancing out of 2,351 traded on the NSE. IndusInd Bank, Bharti Airtel, Bajaj Finserv, Power Grid, and Hindalco were the top gainers, rising up to 2.93% in early trade.
Foreign institutional investors (FIIs) remained net buyers for the fourth consecutive session, purchasing equities worth 5,371.57 crore, while domestic institutional investors (DIIs) sold equities worth 2,767 crore.
On the global front, US markets closed higher for the third straight day, with the S&P 500 gaining 0.16%, the Nasdaq rising 0.46%, and the Dow Jones inching up 0.01%. Asian markets opened in the green, driven by Wall Street’s gains, with Hong Kong and South Korea leading with gains of 0.8% and 0.75%, respectively.
During the early session, 2,521 stocks were traded on the NSE, with 1,399 advancing, 1,042 declining, and 80 remaining unchanged. Meanwhile, 35 stocks hit their upper circuits, while 45 hit lower circuits. The volatility index, India VIX, rose 1.59% to 13.85, indicating moderate volatility.
Overall, positive global cues, consistent FII buying, and expectations of a more flexible US trade tariff policy are boosting market sentiment. However, profit booking at higher levels may limit further gains.
March 26th 2025
USA
26th March
USA
26th March
UK
25th March
GERMAN
25th March
Singapore
26th March
Japan
26th March
China
26th March
USA
26th March
March 20th 2025
BHARTIARTL | 1,704 66.85 4.08 |
TITAN | 3,183.05 106.75 3.47 |
EICHERMOT | 5,234 133.1 2.61 |
BAJAJ-AUTO | 7,920 198.15 2.57 |
INDUSINDBK | 685 -7.7 -1.11 |
BAJFINANCE | 8,680 -51.6 -0.59 |
TRENT | 5,215 -15.85 -0.3 |
SHRIRAMFIN | 666.3 -1.65 -0.25 |
Check live levels for all scripts
Buy Above
23756.13
R1
23815.13
R2
23876.82
R3
23986.78
Stop Loss
23686.40
Pivot
23713.22
(All values are in INR)
Sell Below
23670.30
S1
23611.30
S2
23549.61
S3
23439.65
Stop Loss
23740.04
R4 | R3 | R2 | R1 | Pivot | S1 | S2 | S3 | S4 | |
Classic | 24205.05 | 24093.23 | 23981.42 | 23825.03 | 23713.22 | 23556.83 | 23445.02 | 23288.63 | 23132.25 |
Woodie | 24506.68 | 24070.95 | 23970.28 | 23802.75 | 23702.08 | 23534.55 | 23433.88 | 23266.35 | 22897.48 |
Camarilla | 23816.16 | 23742.40 | 23717.82 | 23693.24 | 23713.22 | 23644.07 | 23619.48 | 23594.90 | 23521.14 |
Bullish
Bearish
EMA
SMA
5 Day
20329.08
10 Day
19612.95
20 Day
19031.26
50 Day
18475.21
100 Day
18160.42
200 Day
17858.97
Stoch RSI
0.00
ROC
4.32
Ultimate
65.60
Williams
-21.08
CCI
145.85
Stochastic
88.29
RSI
58.92
Bullish
2
Bearish
1
Neutral
4
ATR
129.76
Low Volatility
MACD
300.13
Bullish
Bullish
1
Bearish
0
Neutral
0
Check all stocks
Stock Name | CMP | Change (%) | Market Cap (Cr.) | Sector | Piotroski Score |
RELIANCE | 1277.65 | -0.6068 | 1739451.16 | Oil & Gas | 7 / 9 |
HDFCBANK | 1808.65 | -0.7027 | 1393759 | Banks | 3 / 9 |
HDFCBANK | 604.5 | 1.0616 | 1393759 | Banks | 3 / 9 |
TCS | 3661.05 | 0.0902 | 1323387.85 | Software & IT Services | 7 / 9 |
BHARTIARTL | 1735.3 | 0.2774 | 1056584.92 | Telecom | 8 / 9 |
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.