The Nifty 50 plunged 1.5% last week, entering the lower Bollinger Bands, signaling further weakness. Experts warn of critical support at 22,500, with a potential slide to 22,300 if broken. Resistance looms at 23,000 in case of a bounce back. The Bank Nifty also faced bearish pressure but remained above key moving averages. The India VIX rose to 13.76, indicating heightened volatility. Meanwhile, the Nifty PCR dropped to 0.74, reflecting a bearish sentiment. Stocks like Birlasoft and Hindustan Copper entered the F&O ban list. With global uncertainty and tariff tensions weighing on markets, traders should watch pivot levels and options data closely for profitable opportunities this week.
Source : Money market
Market Mayhem: Nifty Eyes 22,300 as Bears Tighten Grip—15 Key Trade Setups for April 7