Nifty Outlook for 16-Mar-2026
The overall trend of Nifty looks weak, and the sellers are in control over the markets.
Sell on rise would be the best strategy to deploy for today’s market considering the overall trend of Nifty.
We may expect a change in trend only if the price sustains above the resistance level. Can Initiate buying only if prices continue to sustain above the resistance level.
I have provided Nifty Spot resistance and support levels which would help you learn in taking informed trading decisions using these levels and understand how support and resistance levels work in financial markets.
Nifty Spot
Resistance 1 - 23475
Resistance 2 - 23545
Support 1 - 22855
Support 2 - 22780
Happy Learning, Happy Trading and have a wonderful day 😊
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