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 open sharply lower, with Gift Nifty indicating a gap-down opening near the 23,450–23,500 zone. The index is currently hovering near the 23,600 level, which is acting as an important near-term support. A decisive breakdown below this level could extend the decline toward the 23,300–23,000 region.
If selling pressure continues and the index forms fresh lower lows, the next major structural support emerges near the 22,500 zone, where a broader rising trendline support is positioned. This level could potentially slow the pace of the decline and lead to a period of consolidation while global markets assess the evolving geopolitical situation.
On the upside, the 23,800 zone now acts as the immediate resistance, and only a sustained recovery above this level could signal short-term stabilization. Momentum indicators continue to reflect weakness. The Relative Strength Index (RSI) is around 28, indicating oversold conditions, but there is still no clear confirmation of a reversal. Meanwhile, the MACD remains deep in negative territory, highlighting persistent bearish momentum in the broader trend.
Nifty is likely to trade volatile with a downside bias unless key resistance levels are decisively reclaimed.
Short term Research Report Call
Buy Above: 23700 | Targets: 23770, 23840, 23900 | Stop-loss: 23650
Sell Below: 23550 | Targets: 23480, 23400, 23350 | Stop-loss: 23600
Short term Chart
Long term - Technical Outlook
Nifty 50 immediate and critical support zone lies around 23,300. A clear breakdown below this level may intensify selling pressure and drag the index toward 23,000 region. 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 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: 23700 | Targets: 23770, 23840, 23900 | Stop-loss: 23650
Sell Below: 23550 | Targets: 23480, 23400, 23350 | Stop-loss: 23600
Long term Chart
Market View
March 13th 2026
Indian equity markets opened with a sharp gap-down and are trading with a weak undertone, reflecting fragile global market sentiment. The cautious mood is largely driven by heightened risk aversion after crude oil prices surged following tanker attacks and renewed supply disruption concerns in the Middle East. The sharp rise in energy prices is once again placing pressure on emerging market equities, particularly for oil-import dependent economies such as India. With the country importing nearly 85% of its crude oil requirements, any sustained rise in oil prices has direct implications for inflation expectations, currency stability, and corporate margins.
At the sectoral level, broad-based selling pressure is visible across most segments in early trade, with the FMCG sector emerging as the only notable pocket of resilience.
Nifty 50
Nifty 50 opened with a sharp gap-down near 23,476, reflecting continued weakness in the broader market structure. The index currently remains under strong bearish control, suggesting a continuation of the prevailing downtrend amid persistent selling pressure.
On the downside, 23,300 emerges as the immediate support level. A sustained breakdown below this level could accelerate the decline toward the 23,000–22,500 zone, which represents the next major demand area.
On the upside, 23,600 now acts as the immediate resistance, corresponding to the gap area created at the opening. A stronger resistance is placed around 23,800, which needs to be decisively reclaimed to signal any meaningful recovery. Momentum indicators continue to reflect weakness. The RSI remains in the mid-20s, indicating oversold conditions but without any clear reversal signal. Meanwhile, the MACD remains deeply in negative territory, highlighting the persistence of bearish momentum.
Bank Nifty
Bank Nifty also opened with a gap-down near 54,591, broadly mirroring weakness in the broader market. The banking index continues to remain under selling pressure, reflecting a cautious undertone within financial stocks. On the downside, the key support zone is placed around 54,300–54,000, which represents an important demand area. A decisive break below this range could intensify the decline toward 53,600. On the upside, the 55,000–55,100 zone (gap area) now acts as immediate resistance, while a stronger resistance is placed near 56,000, which must be reclaimed to signal a meaningful recovery in the banking space. Momentum indicators remain subdued. The RSI continues to hover in oversold territory, while the MACD remains firmly negative, suggesting that bearish momentum still dominates.
Resistance 23,600
Support 23,300
FII & DII Activities
Particular
FIIs
DIIs
Net Purchase/ Sales (Cr)
12 Mar 2026
-7,049.87
+7,449.77
MTD-May (Cr)
March
-46,166.58
+60,549.28
Global Market
March 13th 2026
NASDAQ
USA
22,311.98
-404.15 -1.78
13th March
Dow Jones
USA
46,677.85
13th March
FTSE
UK
10,292.45
13th March
DAX
GERMAN
23,556.17
13th March
GIFT Nifty
Singapore
23,301
13th March
NIKKEI 225
Japan
53,819.61
13th March
Shanghai
China
4,095.45
13th March
S&P 500
USA
6,672.62
13th March
March 13th 2026
Top Gainers
CENTRUM
23.74
3.36 16.49
COMPUSOFT
15.26
2.54 19.97
SUMIT
38.9
6.48 19.99
ICDSLTD
54.44
9.07 19.99
Top Losers
INDUSINDBK
816
-15.35 -1.85
HDFCBANK
816.7
-16.05 -1.93
AUBANK
884.8
-17.4 -1.93
ICICIBANK
1,255
-11.5 -0.91
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
20203.70
10 Day
19544.56
20 Day
18995.44
50 Day
18460.45
100 Day
18152.97
200 Day
17855.22
Momentum Oscillators
Bullish
3
Bearish
1
Neutral
3
Bullish
3
Bearish
1
Neutral
3
Stoch RSI
0.00
ROC
-8.94
Ultimate
35.43
Williams
-98.53
CCI
-164.61
Stochastic
4.31
RSI
45.33
Trend Oscillators & Volatility
Bullish
1
Bearish
0
Neutral
0
Bullish
1
Bearish
0
Neutral
0
ATR
131.25
Low Volatility
MACD
276.14
Bullish
Nifty Stock List
Check all stocks
| Stock Name | CMP | Change (%) | Market Cap (Cr.) | Sector | Piotroski Score |
RELIANCE | 1380.7 | -0.826 | 1883517.22 | Oil & Gas | 7 / 9 |
HDFCBANK | 604.5 | 1.0616 | 1281246.84 | Banks | 3 / 9 |
HDFCBANK | 817 | -1.8913 | 1281246.84 | Banks | 3 / 9 |
BHARTIARTL | 1803.4 | 0.1166 | 1097478.33 | Telecom | 8 / 9 |
SBIN | 1047 | -3.5201 | 1001845.06 | 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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