!Nifty

Nifty has opened in the green for the third straight session, tracking positive global cues and a cool-off in the India VIX (now below 20). However, news of retaliatory strikes in the Middle East and the upcoming US Fed decision tonight will likely keep a lid on aggressive buying. Technical Setup On the daily chart, Nifty is attempting to fill the gap created on March 13. While the immediate momentum is "Buy on Dips," we are approaching a "Sell on Rise" zone near 23,800. Resistance 1: 23,750 (Immediate hurdle) Resistance 2: 23,830 (Major supply zone/Gap fill) Support 1: 23,580 (Previous day's close) Support 2: 23,450 (Crucial floor for the current rally) Intraday Strategy Bull Case: If Nifty sustains above 23,720 for 30 minutes, expect a move toward 23,800/23,830. Bear Case: A break below 23,550 could signal that the relief rally is exhausted, leading to a retest of 23,300. Sector Watch: Strength in Metals and Auto continues; IT remains a laggard. Pro-Tip for StockGro Leagues: FIIs remained net sellers yesterday (₹4,741 Cr), while DIIs absorbed the pressure (₹5,225 Cr). This "tug-of-war" suggests volatility near the 23,800 resistance. Don't chase the opening gap; wait for a retracement to the VWAP before entering longs. SEBI Compliant Disclaimer I am a SEBI Registered Investment Adviser. This view is for educational purposes only. Market conditions are highly volatile due to geopolitical events. Please maintain strict stop losses and consult your advisor before trading.