Wishing everyone a Happy Mahavir Janma Kalyanak โจ
May the teachings of Lord Mahavir inspire peace, compassion, and harmony in your life ๐
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๐ง๐ต๐ฒ ๐๐ต๐ฎ๐ฟ๐ ๐ช๐ถ๐๐ฎ๐ฟ๐ฑ
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๐ง๐ต๐ฒ ๐๐ต๐ฎ๐ฟ๐ ๐ช๐ถ๐๐ฎ๐ฟ๐ฑ
@_ChartWizard_
Swing Trader | Investor | Not SEBI Registered
๊ฐ์
์ผ Eylรผl 2021
69 ํ๋ก์40.8K ํ๋ก์
FIIs selling in March 2026 has been huge: 1.22 lakh crore. Previous high was 1.14 lakh crore in Oct 2024.
This is the highest ever monthly selling. Even during COVID, FIIs didnโt sell this much.
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Few more ๐
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Don't trade just because a stock has a high RS. Always check the market environment first. If the market is weak, that strength won't last ๐
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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 โ 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) โ you can sell them on 2nd April.
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Market right now is mentally exhausting with too much volatility, news-driven moves, and random gap up & gap down.
In this phase, stop-loss gets hit easily and most trades donโt work if the market itself is weak.
Donโt worry about missing moves because once the market settles, plenty of opportunities will come.
Till then, just stay patient ๐งโโ๏ธ
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@ryzin05 ๐๐
QME
We are close to March end and Nifty is now around 23,400, with a recent low of 22,500.
As discussed last week, the market was likely to form a bottom before March end and it looks like that process is almost done.
If Nifty manages to stay above 22,500 for the next 3โ4 trading sessions, we can assume the bottom is in ๐ค
From here, the ideal move would be some sideways consolidation, followed by a breakout. This will give us better setups for trading.
A sharp V-shaped recovery may not sustain, so itโs actually healthier if the market consolidates between 22,500โ23,500 range for some time.
๐ง๐ต๐ฒ ๐๐ต๐ฎ๐ฟ๐ ๐ช๐ถ๐๐ฎ๐ฟ๐ฑ@_ChartWizard_
Bottom formation is getting close. As mentioned last week, the market may try to form a bottom this week or by March end ๐ค Nifty is down by 500 points & Bank Nifty 1500 points but stocks are holding up well โ a good sign โ๏ธ
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@kavya7540 Means you are aiming to make 4 times what you are risking.
In SAMMAANCAP:
Risk was 1 point (1R)
Reward was 4 points (4R)
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#GiftNifty was up 1000 points, now itโs around +400 โ a big part of the move has already been given back.
At least one good thing is we may not get a huge gap-up opening now.
If Trump hadnโt announced yesterday about postponing the Iran strikes, there were strong chances of another 200โ250 points fall and Nifty could have come closer to the 22kโ22.2k zone, which might have helped in forming a proper bottom.
But the yesterday news flow messed up the setup. For now, we canโt really think of a mean reversion trade โ letโs wait and watch for few days ๐ค
๐ง๐ต๐ฒ ๐๐ต๐ฎ๐ฟ๐ ๐ช๐ถ๐๐ฎ๐ฟ๐ฑ@_ChartWizard_
#GiftNifty 950 points up โก๏ธ Too early to say, but it looks like we are done with the bottom, which was as expected. Letโs wait till March end ๐ค
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@Bluebull66 Thatโs why I said letโs wait till the end of March. By the end of this week, weโll have a much more clarity.
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@_ChartWizard_ One negative statement by Trump and everyone who is getting bullish will turn bearish.
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#GiftNifty 950 points up โก๏ธ
Too early to say, but it looks like we are done with the bottom, which was as expected.
Letโs wait till March end ๐ค
๐ง๐ต๐ฒ ๐๐ต๐ฎ๐ฟ๐ ๐ช๐ถ๐๐ฎ๐ฟ๐ฑ@_ChartWizard_
Bottom formation is getting close. As mentioned last week, the market may try to form a bottom this week or by March end ๐ค Nifty is down by 500 points & Bank Nifty 1500 points but stocks are holding up well โ a good sign โ๏ธ
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#Nifty now at 22,500
Another 200โ300 point fall can create a good mean reversion opportunity.
Tomorrow could offer a good long opportunity if we see a panic fall in the morning followed by a strong recovery in the second half. Keep tracking ETFs for a reversal play.
๐ง๐ต๐ฒ ๐๐ต๐ฎ๐ฟ๐ ๐ช๐ถ๐๐ฎ๐ฟ๐ฑ@_ChartWizard_
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 3โ4% 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 โ 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 thatโs where I would prefer going long with a good position sizing.
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@AwardAnshumaaan Can see some reversal from 22000-22200
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@_ChartWizard_ What do you feel , nifty will sustain 22500 or next support will be around 22200 ??
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This could be one of the best times to invest. If you are already doing SIP, consider doubling it for the next 1-2 months only if your view is for the next 2-3 years.
If you understand mutual funds, continue investing there โ if not, go with ETFs. Opportunities like this donโt come again and again.
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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 3โ4% 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 โ 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 thatโs where I would prefer going long with a good position sizing.
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@AwardAnshumaaan Canโt say for sure yet, but signs suggest we are very close to a bottom.
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@_ChartWizard_ So, can we expect a reversal from here or is the bottom still to be made ?
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Bottom formation is getting close. As mentioned last week, the market may try to form a bottom this week or by March end ๐ค
Nifty is down by 500 points & Bank Nifty 1500 points but stocks are holding up well โ a good sign โ๏ธ
๐ง๐ต๐ฒ ๐๐ต๐ฎ๐ฟ๐ ๐ช๐ถ๐๐ฎ๐ฟ๐ฑ@_ChartWizard_
No one knows where Nifty will go โ 22k, 19k or 25k. So itโs better not to waste time trying to predict the exact level. What we can do is look at historical data & valuations. Historically Nifty usually forms a bottom when it trades between 18-20 PE. Currently, the PE is 20 which suggests that between 22k-23k Nifty may try to form a bottom. Similarly, look at Bank Nifty valuations. During COVID crash, Bank Nifty P/B value was around 1.6 and now it is around 1.88, which means valuations are already getting closer to attractive levels. Based on current valuations, the Indian Market is now available at very attractive levels. Opportunity like this donโt come often. We saw similar situation during COVID so if your investment view is for the next 14-20 months then consider doubling your SIP for the next 2-3 months. Looking at historical data and valuations, I feel the market may try to form a bottom by next week or by March end. But at the end of the day โ Market is Supreme.
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