📊 Nifty Analysis for 10 March 2026 (Simple Chart Reading)
CMP: 24,028
Current Structure: Downtrend on daily chart with recovery attempts
Market Mood: Bearish bias with occasional bounce attempts
Nifty continues to remain under pressure after the recent breakdown from higher supply zones. The broader daily structure reflects a clear downtrend with price trading below multiple resistance layers. The recent candles indicate a short-term bounce from the swing low near 23,697, but the recovery is currently approaching a supply region which may limit immediate upside continuation.
Immediate resistance levels are placed near 24,171 followed by 24,315 and then 24,551. These levels correspond with earlier breakdown areas where sellers previously entered the market. A visible supply band remains positioned between 24,415 and 24,474 where price earlier lost momentum. On the downside, immediate support is located near 23,791 followed by 23,554 and then 23,410 where stronger structural support exists.
The projected CPR for the next session is positioned lower compared to the previous session, indicating continuation of bearish bias in the near term. The CPR structure suggests that the market may continue to face selling pressure on rallies unless price reclaims the CPR zone. If price sustains below the CPR area during the opening session, the broader downtrend may remain dominant. If price manages to move above the CPR region, it may trigger a temporary recovery move toward nearby resistance zones. Overall, the CPR band will likely act as the primary decision zone for the session.
For intraday reference, support levels are 23,791, 23,554 and 23,410. Resistance levels are 24,171, 24,315 and 24,551. Immediate supply remains visible between 24,415 and 24,474 while stronger resistance remains positioned higher near the swing high region around 24,854.
If the market opens with a gap up within roughly 150–200 points, price may initially attempt to test the resistance region near 24,171. If momentum continues, the next possible extension may appear toward 24,315. However, selling pressure may emerge near these resistance zones, particularly around the supply region between 24,415 and 24,474.
If the market opens with a gap down within the same range, price may first test support near 23,791. Continued weakness may extend the move toward 23,554 and potentially toward the stronger support near 23,410 where buyers previously responded.
In case of a sideways session, price may oscillate between 23,791 and 24,171 as the immediate range while a wider band may extend between 23,554 and 24,315 if volatility expands.
From a broader observation perspective, if weakness continues further, downside observation levels may appear near 23,800 followed by 23,600 and then near 23,400 where deeper support reactions may develop. On the upside, if price regains strength and sustains above resistance clusters, observation zones may appear near 24,300 followed by 24,500 and then around 24,850 where stronger supply participation may emerge.
Options positioning provides additional structural insight. Current options activity suggests a visible support area around 23,800 where put-side liquidity is concentrated, indicating potential defensive positioning by market participants. On the upside, call-side liquidity is building around 24,000 which may act as a resistance zone during recovery attempts. Another liquidity concentration is visible near 24,050 where price often spends time due to higher positioning activity. A higher reference level around 24,300 may also attract reactions if price moves upward toward that zone. If price manages to move above 24,100 it may indicate strengthening momentum on the upside, while a move below 23,700 may indicate increasing downside pressure.
Overall, the derivatives positioning suggests that price may spend some time moving between 23,800 and 24,000 while market participants continue adjusting their positions.
STWP View: The broader structure remains bearish while price stays below the resistance band near 24,171–24,315. Sustaining below this region may keep downside pressure active, while reclaiming these levels may allow a temporary recovery move.
Important Note
This information is shared strictly for educational and analytical purposes based on publicly available options chain data. It is not investment advice, not a trading recommendation, and not a buy or sell signal. Please consult a SEBI-registered financial advisor before making any trading or investment decisions.
CMP: 24,028
Current Structure: Downtrend on daily chart with recovery attempts
Market Mood: Bearish bias with occasional bounce attempts
Nifty continues to remain under pressure after the recent breakdown from higher supply zones. The broader daily structure reflects a clear downtrend with price trading below multiple resistance layers. The recent candles indicate a short-term bounce from the swing low near 23,697, but the recovery is currently approaching a supply region which may limit immediate upside continuation.
Immediate resistance levels are placed near 24,171 followed by 24,315 and then 24,551. These levels correspond with earlier breakdown areas where sellers previously entered the market. A visible supply band remains positioned between 24,415 and 24,474 where price earlier lost momentum. On the downside, immediate support is located near 23,791 followed by 23,554 and then 23,410 where stronger structural support exists.
The projected CPR for the next session is positioned lower compared to the previous session, indicating continuation of bearish bias in the near term. The CPR structure suggests that the market may continue to face selling pressure on rallies unless price reclaims the CPR zone. If price sustains below the CPR area during the opening session, the broader downtrend may remain dominant. If price manages to move above the CPR region, it may trigger a temporary recovery move toward nearby resistance zones. Overall, the CPR band will likely act as the primary decision zone for the session.
For intraday reference, support levels are 23,791, 23,554 and 23,410. Resistance levels are 24,171, 24,315 and 24,551. Immediate supply remains visible between 24,415 and 24,474 while stronger resistance remains positioned higher near the swing high region around 24,854.
If the market opens with a gap up within roughly 150–200 points, price may initially attempt to test the resistance region near 24,171. If momentum continues, the next possible extension may appear toward 24,315. However, selling pressure may emerge near these resistance zones, particularly around the supply region between 24,415 and 24,474.
If the market opens with a gap down within the same range, price may first test support near 23,791. Continued weakness may extend the move toward 23,554 and potentially toward the stronger support near 23,410 where buyers previously responded.
In case of a sideways session, price may oscillate between 23,791 and 24,171 as the immediate range while a wider band may extend between 23,554 and 24,315 if volatility expands.
From a broader observation perspective, if weakness continues further, downside observation levels may appear near 23,800 followed by 23,600 and then near 23,400 where deeper support reactions may develop. On the upside, if price regains strength and sustains above resistance clusters, observation zones may appear near 24,300 followed by 24,500 and then around 24,850 where stronger supply participation may emerge.
Options positioning provides additional structural insight. Current options activity suggests a visible support area around 23,800 where put-side liquidity is concentrated, indicating potential defensive positioning by market participants. On the upside, call-side liquidity is building around 24,000 which may act as a resistance zone during recovery attempts. Another liquidity concentration is visible near 24,050 where price often spends time due to higher positioning activity. A higher reference level around 24,300 may also attract reactions if price moves upward toward that zone. If price manages to move above 24,100 it may indicate strengthening momentum on the upside, while a move below 23,700 may indicate increasing downside pressure.
Overall, the derivatives positioning suggests that price may spend some time moving between 23,800 and 24,000 while market participants continue adjusting their positions.
STWP View: The broader structure remains bearish while price stays below the resistance band near 24,171–24,315. Sustaining below this region may keep downside pressure active, while reclaiming these levels may allow a temporary recovery move.
Important Note
This information is shared strictly for educational and analytical purposes based on publicly available options chain data. It is not investment advice, not a trading recommendation, and not a buy or sell signal. Please consult a SEBI-registered financial advisor before making any trading or investment decisions.
STWP | Mentor & Demand-Supply Specialist |
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STWP | Mentor & Demand-Supply Specialist |
Empowering traders through structured learning |
simpletradewithpatience.com
Community: chat.whatsapp.com/BEYz0tkqP0fJPBCWf59uel
wa.me/message/6IOPHGOXMGZ4N1
Educational Only
Empowering traders through structured learning |
simpletradewithpatience.com
Community: chat.whatsapp.com/BEYz0tkqP0fJPBCWf59uel
wa.me/message/6IOPHGOXMGZ4N1
Educational Only
免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。