From there it has bounced back and is currently trading at 22,538, down 1.2 per cent. The advances/declines ratio is at 5:45. This is negative.
Nifty 50 Outlook
The index is getting support around 22,470. But need to see if the bounce is sustaining or not. Any further rise from here can take the index up to 22,800-22,850 during the day.
The index will come under more selling pressure if it declines below 22,470. If that happens, a deeper fall to 22,300-22,200 can be seen.
Nifty 50 Futures
The Nifty 50 March Futures (22,518) is down 1.3 per cent. Intraday support is around 22,470-22,450. Resistance is around 22,800. A strong rise above 22,800 is needed to ease the downside pressure. But that looks unlikely.
A break below 22,450 can increase the downside pressure. Such a break can drag the contract down to 22,000.
Trade Strategy
Go short on a break below 22,450. Keep the stop-loss at 22,520. Trail the stop-loss down to 22,410 as soon as the contract falls to 22,370. Revise the stop-loss down to 22,360 and 22,310 when the contract touches 22,315 and 22,285 respectively. Exit the shorts at 22,260.
Supports: 22,450, 22,000
Resistances: 22,720, 22,800
Published on March 30, 2026