Nifty 50 Analysis – March 11, 2025

Nifty 50 remains in a clear downward channel across both daily (1D) and 30-minute (30m) timeframes, respecting the descending trendline resistance. The index attempted a short-term bounce from the 21,800–21,960 support zone, aligning with previous demand levels, but faces selling pressure near 22,300–22,350, a key resistance area. Today, Nifty 50 increased by 37.60 points (+0.17%), showing a slight recovery, but the overall trend remains weak. The moving averages (MA 9, 70, 100) are sloping downward, reinforcing the bearish structure. RSI on the daily chart is at 40.81, indicating weak momentum but not yet oversold, while the 30m RSI at 54.20 suggests a temporary relief rally. Unless Nifty sustains above 22,350–22,400, the downtrend remains intact, with a possible retest of 21,800 or even 21,700 levels. A breakout above 22,400 could trigger a short-covering rally towards 22,700–22,822, but the overall bias remains bearish unless a strong reversal is confirmed. The top five gainers in the Nifty 50 today were

, , , , , leading the market rebound. On the flip side, the biggest losers were , , , , . I have attached the daily chart of Nifty 50 for your reference. Please direct message me, as I won’t be able to respond to each comment individually. Follow me for more such updates, Thank You!