TRADING CALLS
- Achiievers Equites Ltd
- Aiwin Commodity Borker Pvt Ltd
- Angel One
- Arihant Capital Markets Ltd
- Axis Securities
- Chirag Singhvi
- Choice International Ltd
- Elite Wealth Advisors Ltd
- Emkay Global Financial Services Ltd
- Geojit Financial Services Ltd.
- GEPL Capital
- Green India Commodities
- HDFC Securities
- Hem Securities Ltd
- ICICI Direct
- ICICI Securities
- InvestmentGuruIndia.com
- Jainam Share Consultants Pvt Ltd
- Karvy Currency Derivatives
- Kedia Commodities
- LKP Securities
- Maitra Commodities Pvt. Ltd.
- Mansukh Securities & Finance Ltd
- Monarch Networth Capital Limited
- Motilal Oswal Financial Services Ltd
- Nirmal Bang Securities Pvt Ltd
- Reliance Securities
- Religare Broking Limited
- Sky commodities Pvt Ltd
- SPA Securities Ltd
- Sushil finance
- Swastika Investmart Ltd
- Tradebulls Securities (P) Ltd
- Ventura Securities Ltd
ICICI Direct
Published on 18-03-2026 12:26 pm
Intraday Rational:
* Trend- Higher high-low formation after bouncing from oversold condition, indicate technical pullback
* Levels- Buy around 61.8% of Tuesday upmove(54227-55080)
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Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.htmlSEBI Registration number INZ000183631
ICICI Direct
Published on 18-03-2026 12:25 pm
Technical Outlook:
* The index opened on a flat note and witnessed follow-through buying above the previous session’s high. The resulting bullish candle with a higher high-low structure on the daily chart reflects a positive nearterm bias.
* On the expected lines, the index found support at its 100-week EMA (~53,774) a level that has consistently acted as a structural floor since November 2020. The rebound from this support has enabled the index to successfully fill the bearish gap (54,713-54,760) formed last Friday, signalling absorption of overhead supply. Therefore, as long as the index sustains above the 100-week EMA on a closing basis, the possibility of a pullback remains open towards the bearish gap zone of 57,100-57,696.
* Meanwhile, the weekly stochastic oscillator remains in deep oversold territory (~8), suggesting that a relief rally from current levels cannot be ruled out. Thereby one should refrain from aggressive selling from current levels, where in strong support is placed at 53,000, which coincides with the 61.8% retracement of the March 2025-February 2026 up move.
* The Nifty PSU Bank Index formed a bullish candle with a lower shadow, indicating buying interest emerging near recent lows. The index has strong support at 8,100, which marks its previous breakout zone, now acting as support as per the change of polarity principle. This level also aligns with the 61.8% retracement of the Sep2025-Jan 2026 rally
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ICICI Direct
Published on 18-03-2026 12:24 pm
Nifty Bank :54876
Bank Nifty closed the session on a positive note, with the Bank Nifty settling at 54876, up 0.8%, while the Nifty PSU Bank Index relatively underperformed up 0.3% respectively
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Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.htmlSEBI Registration number INZ000183631
ICICI Direct
Published on 18-03-2026 12:24 pm
Intraday Rational:
* Trend- Higher high-low formation after bouncing from oversold condition, indicate technical pullback
* Levels- Buy around 61.8% of Tuesday up move(23373-23669)
Click Here :- https://tinyurl.com/bb79aed6
Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.htmlSEBI Registration number INZ000183631
ICICI Direct
Published on 18-03-2026 12:23 pm
Key Monitorable:
* De-escalation of geopolitical tension
* Cool off in Crude oil prices
* US FOMC Meet
Click Here :- https://tinyurl.com/bb79aed6
Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.htmlSEBI Registration number INZ000183631
