𝗧𝗵𝗲 𝗖𝗵𝗮𝗿𝘁 𝗪𝗶𝘇𝗮𝗿𝗱

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.