𝗧𝗵𝗲 𝗖𝗵𝗮𝗿𝘁 𝗪𝗶𝘇𝗮𝗿𝗱

Market View: Market continues to remain news-driven and overall market breadth is still weak. Avoid making short term positions for now as good setups are still limited. Better opportunities will come only when the market moves sideways and stabilizes. Indices continue in a downtrend with selling pressure and rejection near 10 EMA. Rising crude, higher bond yields, weak rupee, and continuous FII selling — negative for the market. Note: After today, only 2 trading sessions remain this week (Wed & Thu). Market to remain closed on Friday due to Good Friday. Also, stocks bought today cannot be sold tomorrow (trading holiday) or on 1st April (settlement holiday) — you can sell them on 2nd April.

Bottom formation is getting close. As mentioned last week, the market may try to form a bottom this week or by March end 🤞 Nifty is down by 500 points & Bank Nifty 1500 points but stocks are holding up well — a good sign ✍️

Bottom formation is getting close. As mentioned last week, the market may try to form a bottom this week or by March end 🤞 Nifty is down by 500 points & Bank Nifty 1500 points but stocks are holding up well — a good sign ✍️

Market View for next week: Gift Nifty is indicating a gap down of around 250-300 points. Nifty is currently at 23.1k with important supports at 23k & 22k. RSI is around 30, so the market can still fall another 3–4% to properly enter the oversold zone, which can take Nifty closer to the 22k zone. That area also aligns with AVWAP support, making it a strong level. So the plan is simple — no hurry right now and just stay on the sidelines. Let the market move sideways and forms a base so then we can plan entries for going long or falls 3-4% towards 22k-22.2k that’s where I would prefer going long with a good position sizing.