Nifty Faces Resistance at Current Level
The Indian stock markets, Sensex and Nifty, fell on Tuesday due to investors booking profits and worries about global trade. Even though the market opened strong, selling in major stocks pushed it down. Experts advise caution and suggest keeping an eye on key levels—support at 23,500 and resistance at 23,800. External factors could cause market swings, so taking profits wisely is important.
Profit Booking Pulls Markets Down
The BSE Sensex started strong but dropped 829.51 points (1.06%) from its highest level of the day, reaching 77,880.84 by noon. The NSE Nifty also fell by 242.05 points, closing at 23,627.55. The decline happened because investors booked profits at higher levels and due to fresh worries about global trade tariffs.
VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said that while the market is still in favor of buyers, a lack of strong support could limit further growth. He added, “Uncertainty over trade tariffs is making investors cautious, making it hard for the market to keep rising for long.”
Market Outlook: Key Support and Resistance Levels
Support Levels:
Osho Krishan from Angel One says the 23,500 level is a strong support area, backed by technical indicators and a recent price gap between 23,433 and 23,400.
Hrishikesh Yedve from Asit C. Mehta Investment Intermediates also sees 23,510 as an important support level.
Aditya Gaggar from Progressive Shares identifies 23,400 as a key support zone.
Resistance Levels:
The first resistance is at 23,800, which is close to a previous market high.
If the market moves higher, the next resistance is around 24,100, supported by another key technical indicator.
Trading Strategy:
Analysts suggest a “buy on dips” approach, meaning traders should consider buying when prices fall to strong support levels.
Low-risk traders may book profits near 23,800.
A market pullback is expected after the recent rally, which could lead to a healthy correction.
Market Risks:
External factors like trade tariffs and global monetary policies could cause short-term market fluctuations.
Traders should focus on careful stock selection and disciplined profit-taking to navigate market uncertainties.
Sensex Closes Flat; Investors Lose ₹3 Lakh Crore in One Day
The Indian stock market ended almost unchanged on Tuesday, March 25, as concerns over a strong US dollar and the impact of US tariffs on the global economy affected investor sentiment.
Sensex Performance: The Sensex closed at 78,017.19, gaining just 33 points (0.04%).
Nifty Performance: The Nifty 50 ended at 23,668.65, up by 10 points (0.04%).
Mid & Small-Cap Losses: The BSE Midcap index fell by 1.13%, and the Smallcap index dropped 1.63%.
Investor Losses: Due to heavy losses in smaller stocks, the total market value of BSE-listed companies fell from ₹418 lakh crore to ₹415 lakh crore, causing investors to lose around ₹3 lakh crore in a single day.
146 Stocks Hit 52-Week Lows
Several stocks reached their lowest price in a year, including:
Colgate Palmolive (India)
Happiest Minds Technologies
Honeywell Automation India
Star Health and Allied Insurance Company
71 Stocks Reach 52-Week Highs
On the other hand, many stocks hit their highest price in a year, including:
Bajaj Finance
Kotak Mahindra Bank
Chambal Fertilisers & Chemicals
JSW Steel
SBI Cards and Payment Services
Shree Cement
Note: Market is at very high risk, we all have to invest carefully in the market. Those are new investor; they have to away from the market or wait for the right time but those want to invest for long term they can invest on his risk and take a advice to any financial expert. This article only for the knowledge and information purpose, we are not giving any advice to buy, sell and invest. If you have any doubt and want to know about the market then you can ask question, I will try to help you.
Disclaimer: This article is for educational purposes only. The views shared are from analysts and broking firms, not VedKhabar. Investors should consult certified experts before making investment decisions.