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 displaying short-term recovery momentum after rebounding from the 22,950 support zone, with the index currently trading near the 23,400–23,500 resistance band. The recent rebound indicates short-covering and selective dip-buying following the sharp corrective phase witnessed earlier. Immediate support is placed around 23,200–23,100, while a stronger base remains near 22,950. Sustaining above these levels may help maintain the ongoing recovery attempt. On the upside, 23,500 continues to act as the key resistance, and a decisive breakout above this level could extend the recovery toward the 23,800–24,000 zone in the near term.
From a momentum perspective, the RSI is hovering around 30, indicating oversold conditions, while the MACD remains in negative territory, reflecting that the broader trend continues to remain cautious. Overall the broader technical structure remains neutral to mildly bearish, unless the index decisively reclaims higher resistance levels, which would be required to confirm a stronger trend reversal.
Short term Research Report Call
Buy Above: 23500 | Targets: 23570, 23620, 23680 | Stop-loss: 23450
Sell Below: 23300 | Targets: 23240, 23150, 23080 | Stop-loss: 23350
Short term Chart
Long term - Technical Outlook
Nifty 50 immediate and critical support zone lies around 23,000. A clear breakdown below this level may intensify selling pressure and drag the index toward 23,000 region. On the upside, the 24,500–24,700 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: 23500 | Targets: 23570, 23620, 23680 | Stop-loss: 23450
Sell Below: 23300 | Targets: 23240, 23150, 23080 | Stop-loss: 23350
Long term Chart
Market View
March 16th 2026
Indian equity markets opened on a flat to mildly positive note, but the broader sentiment continues to remain cautious and volatile amid persistent global uncertainties. Rising crude oil prices driven by escalating tensions in the Middle East continue to weigh on investor sentiment, while sustained Foreign Institutional Investor (FII) outflows remain a key drag on the market.
At the same time, Domestic Institutional Investors (DIIs) are providing a stabilizing cushion by absorbing part of the selling pressure, preventing sharper declines. The near-term direction of the market remains highly sensitive to crude oil price movements, geopolitical developments, currency fluctuations, and institutional fund flows, which are likely to keep volatility elevated in the coming sessions.
Nifty 50
The Nifty 50 opened on a flat note, reflecting early consolidation as the index continues to trade within the 23,000–23,300 range, hovering close to an important support zone.A decisive break below 23,000 could extend the decline toward the 22,700 level in the near term. On the upside, the 23,300–23,500 zone is likely to act as an immediate resistance band. A sustained move above this range could trigger short-covering, potentially pushing the index toward 23,800.
Momentum indicators remain weak and largely unchanged, suggesting that the broader technical structure continues to carry a cautiously bearish undertone with elevated volatility.
Bank Nifty
Bank Nifty opened resiliently flat near the 53,700 zone, holding close to key demand areas following the recent breakdown. The index is currently consolidating near support levels while RSI remains in oversold territory, indicating the possibility of intermittent short-covering.
However, the broader weekly structure continues to show lower highs and lower lows, confirming that the index remains in a corrective phase. Immediate support is placed around 53,500, and a decisive break below this level could intensify selling pressure toward the 53,000 psychological level. On the upside, 54,500 is the key resistance, and a sustained move above this level could push the index toward 55,000. Unless key resistance levels are reclaimed decisively, the broader structure suggests a weak-to-sideways bias with elevated volatility.
Resistance 23,300
Support 22,900
FII & DII Activities
Particular
FIIs
DIIs
Net Purchase/ Sales (Cr)
13 Mar 2026
-10,716.64
+9,977.42
MTD-May (Cr)
March
-56,883.22
+70,526.7
Global Market
March 17th 2026
NASDAQ
USA
22,374.18
268.82 1.22
17th March
Dow Jones
USA
46,946.41
17th March
FTSE
UK
10,317.69
17th March
DAX
GERMAN
23,564.01
17th March
GIFT Nifty
Singapore
23,486
17th March
NIKKEI 225
Japan
53,908.23
17th March
Shanghai
China
4,083.03
17th March
S&P 500
USA
6,699.38
17th March
March 17th 2026
Top Gainers
CYIENTDLM
339.2
38.6 12.84
MITTAL
0.81
0.1 14.08
DCMSIL
80.32
10.12 14.42
OILCOUNTUB
42.55
5.58 15.09
Top Losers
ULTRACEMCO
11,070
-29 -0.26
IDFCFIRSTB
62.68
-0.13 -0.21
YESBANK
18.52
-0.02 -0.11
POWERGRID
297.7
-0.05 -0.02
Technicals
Pivot Advanced Levels
Check live levels for all scripts
Buy Above
23376.16
R1
23496.45
R2
23622.20
R3
23846.37
Stop Loss
23234.01
Pivot
23288.68
(All values are in INR)
Sell Below
23201.20
S1
23080.92
S2
22955.17
S3
22731.00
Stop Loss
23343.36
Pivot Basic Levels
| R4 | R3 | R2 | R1 | Pivot | S1 | S2 | S3 | S4 | |
| Classic | 24502.30 | 24168.87 | 23835.43 | 23622.12 | 23288.68 | 23075.37 | 22741.93 | 22528.62 | 22315.30 |
| Woodie | 24958.96 | 24228.93 | 23865.46 | 23682.18 | 23318.71 | 23135.43 | 22771.96 | 22588.68 | 21678.46 |
| Camarilla | 23709.51 | 23559.16 | 23509.04 | 23458.92 | 23288.68 | 23358.68 | 23308.56 | 23258.44 | 23108.09 |
Moving Averages
Bullish
Bearish
5 Day
20304.38
10 Day
19599.48
20 Day
19024.20
50 Day
18472.30
100 Day
18158.95
200 Day
17858.23
Momentum Oscillators
Bullish
3
Bearish
2
Neutral
2
Bullish
3
Bearish
2
Neutral
2
Stoch RSI
84.54
ROC
-8.01
Ultimate
41.70
Williams
-81.54
CCI
-111.81
Stochastic
12.25
RSI
68.50
Trend Oscillators & Volatility
Bullish
1
Bearish
0
Neutral
0
Bullish
1
Bearish
0
Neutral
0
ATR
129.31
Low Volatility
MACD
291.30
Bullish
Nifty Stock List
Check all stocks
| Stock Name | CMP | Change (%) | Market Cap (Cr.) | Sector | Piotroski Score |
RELIANCE | 1400 | 0.3512 | 1887847.63 | Oil & Gas | 7 / 9 |
HDFCBANK | 604.5 | 1.0616 | 1293559.11 | Banks | 3 / 9 |
HDFCBANK | 838.55 | -0.2439 | 1293559.11 | Banks | 3 / 9 |
BHARTIARTL | 1811.4 | 1.2634 | 1090226 | Telecom | 8 / 9 |
SBIN | 1058.2 | -0.7969 | 984491.5 | 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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