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Below the Quote on Nifty 30th March 2026 by Rupak De, Senior Technical Analyst at LKP Securities

"The Nifty continues to move lower as the bears appear to be tireless fighters, with statements from the US and Iran providing support to the sellers. The Nifty has slipped toward its previous swing low on the daily chart, retracing almost 90% of the previous rise from the April 2025 low to the February 2026 high.

While the Nifty seems to be finding support just above the rising trendline on the daily chart, another interesting formation is creating a silver lining — a hidden positive divergence on the daily RSI. Therefore, I won’t be surprised if the Nifty stages a decent recovery from Wednesday.

On the lower end, 22,200 is likely to act as a crucial support level, from where a significant rally might emerge. The view of a bullish reversal will be negated if the index slips below 22,200."

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