Nifty prediction for monday
Nifty Prediction for Monday
“Nifty 50 is currently approaching the 24,400 region. A sustained break below this support could extend the decline toward 24,300-24,200, which has previously acted as a demand zone,” stated Ponmudi R, highlighting the critical support levels for the index.
The Nifty is expected to open with a gap-down on March 9, 2026, as the GIFT Nifty was trading about 274 points lower at 24,300. This follows a challenging week where the Nifty 50 closed at 24,450, reflecting a decline of 2.9%. Similarly, the Sensex settled at 78,919, also down 2.9%, while the Bank Nifty dropped 4.5% to close near 57,783.
Market dynamics have shifted significantly, with Foreign Institutional Investors (FIIs) selling equities worth Rs 21,831 crore during the first week of March. In contrast, Domestic Institutional Investors (DIIs) bought equities worth Rs 32,787 crore in the same period, indicating a divergence in market sentiment.
Adding to the market’s challenges, crude oil prices surged nearly 25% during the week, raising concerns about inflation and India’s current account deficit. “A sustained rise in oil prices could weigh on investor sentiment and adversely affect India’s twin deficits, inflation trajectory and the RBI’s monetary stance,” warned Vinod Nair.
The immediate resistance for Nifty is seen around 24,700-24,900, while the 24,300 level is viewed as crucial support. Analysts note that the 24,000-23,500 range is considered a strong long-term support level, which could provide some cushion against further declines.
Investors are advised to remain cautious in light of heightened geopolitical risks and continued FII outflows. “Given the heightened geopolitical risks and continued FII outflows, investors should adopt a cautious and disciplined approach in the near term,” suggested Ajit Mishra.
The current fall is perceived by some as a potential opportunity for long-term buying, although the immediate outlook remains uncertain. Details remain unconfirmed as market participants await further developments.
