Nifty50 & Bank Nifty post market analysis for 19th Mar25

Nifty 50 and Bank Nifty indices showed mixed technical signals on March 19, 2025, with key resistance and support levels in focus. Here’s the analysis and outlook for March 20:

Nifty 50 Technical Analysis

• Current Levels: Closed at 22,908 (+73 points), forming a small bullish candlestick pattern. The index surpassed the 50% Fibonacci retracement (22,885) and now faces resistance at 23,000–23,100 (50-day EMA and trendline from September/December 2024 highs)

• Support: Immediate support at 22,750–22,800; a break below could test 22,500

• Options Data: Maximum Call open interest at 23,300 which will act as resistance , Put open interest at 22,500, indicating these as critical levels

Outlook: A sustained move above 22,750 may push Nifty toward 23,000–23,100, but consolidation or minor dips are likely near resistance. Traders should monitor the 23,300 Call strike for potential profit-taking.

Bank Nifty Technical Analysis

• Current Levels: Closed at 49,703 (+0.8%), its highest since February 10. Resistance is at 49,900 (100/200-day EMAs), with support at 49,500–49,250 (50-day EMA)

• Momentum: Higher highs/lows for five sessions suggest bullish momentum, but Bollinger Band upper line proximity signals overbought risks.

• Options Data: Highest Call writing at 49,000 which will act as resistance , Put at 48,500, which will act as support

Outlook: Holding above 49,500 could target 50,000–50,250. A drop below 49,250 may trigger profit-booking toward 48,500

Global Market Sentiment

• U.S. Markets: Dow Jones fell 0.62%, S&P 500 dropped 1%, and Nasdaq slid 1.71% ahead of the Fed’s rate decision. Bearish MACD and RSI trends persist

• Asia: Mixed performance with Nikkei down 0.2%, Kospi up 0.7%, and GIFT Nifty signaling a positive open

• Fed Impact: Expectations of unchanged rates and cautious economic projections may weigh on global risk appetite45.

Key Takeaways for March 20

1. Nifty 50:

   • Bull Case: Break above 23,100 could extend gains toward 23,300.

   • Bear Case: Failure to hold 22,750 risks a pullback to 22,500.

2. Bank Nifty:

   • Upside: Close above 49,900 may target 50,250.

   • Downside: A break below 49,250 opens downside to 48,500.

3. Global Cues: Fed policy outcome and Asian market reactions will influence opening trends

Final View: Cautiously bullish for Nifty and Bank Nifty, but resistance zones and global volatility warrant tight stop-losses. Traders should prioritize hedging near key levels