!Nifty

Today’s Monthly Expiry was a high-voltage session. Nifty faced deep intraday cuts, slipping to nearly 25,320 before a late-hour recovery helped it settle around 25,425. While the 1.12% drop today was sharp, the "long-tail" recovery suggests that the 200-day SMA (near 25,250–25,300) is being defended by domestic institutions. Technical Snapshot The New Range: With the February series behind us, the fresh "March Battleground" is set between 25,300 (Support) and 25,650 (Immediate Resistance). Momentum Indicators: RSI is currently near 46, reflecting a "Sell on Rise" sentiment. However, the recovery from the day's low suggests a sideways-to-bullish bias for tomorrow's opening. GIFT Nifty: Watch for global cues tonight. If the US markets stabilize after the tariff-induced shock, we could see a 50-70 point gap-up tomorrow.