Nifty and Nifty Bank index were beaten down badly last week. The US-Iran war is weighing on the sentiment and has triggered this sell-off. Nifty can fall more from here. However, strong long-term supports are coming up which can halt the fall in Nifty 50. We expect this long-term support to hold and the Nifty to reverse higher in the coming weeks.

As such, we reiterate that the current fall is going to give us a very good long-term buying opportunity.

Nifty can fall to 24,000 or 23,500. But thereafter it can rise back towards 25,000 and higher. The region between 24,000 and 23,500 is a strong long-term support which can halt the current fall in Nifty.

Nifty Bank index can fall to 57,500 or 56,900. A bounce from around 56,900 can take the Nifty Bank index back up to 59,000. The danger is only if the index declines below 56,900.

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Published on March 7, 2026