The index opened gap-down amid rising US–Iran tensions and drifted toward 22,500 by GEPL Capital Ltd
Market News:
* Vedanta Ltd declared a Rs.11/share third interim dividend and fixed March 28, 2026 as the record date.
* Gabion Technologies secured Rs.1.90 crore supply orders for gabion boxes and geotextiles in the normal course of business under LOA terms..
* Allied Blenders and Distillers Ltd’s ICONiQ White Whisky crossed 10 million cases in FY26, becoming the world’s fastest-growing millionaire spirits brand.
Technical Summary:
The index opened on a gap-down note amid escalating tensions between the US and Iran, and continued to drift lower toward the 22,500 mark. On the daily scale, the index continues to exhibit a downward trend, with key support levels being breached, indicating caution for near- term traders. On the sectoral front, the Construction and Realty sectors emerged as the major draggers during the session
Levels to watch:
The Nifty has its crucial resistance 22800 (Pivot Level) and 23000 (Key Resistance). While support on the downside is placed at 22200 (Multiple Touches) and 22000 (Key Support).
What should short term traders expect?
The Index can SHORT below 22400 for the potential target of 22200 the stop loss of 22470 level.
Technical Data Points
NIFTY SPOT: 22493 (-2.69%)
TRADING ZONE:
Resistance: 22800 (Pivot Level) and 23000 (Key Resistance)
Support: 22200 (Multiple Touches) and 22000 (Key Support).
STRATEGY: Bearish Till Below 23000 (Key Resistance)
BANK NIFTY SPOT: 51437 (-3.72%)
TRADING ZONE:
Resistance: 52000 (Pivot Level) / 52800(Key Resistance)
Support: 50700 (Pivot Level) / 50000 (Key Support)
STRATEGY: Bearish Till Below 52800 (Key Resistance)
SEBI Registration number is INH000000081.
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