We have been saying for some time that current fall in Nifty can halt in the 24,000-23,500 region. We were expecting the #Nifty to bounce back from there. That view has gone wrong.
Since our earlier view has gone wrong, we now prefer to step back from the market and just watch what is happening. So, in this episode, instead of giving a directional view, we are just going to see how much downside can be there from here and what are the strong supports coming up next that can possibly halt the fall and trigger a reversal.
Nifty can fall to 22,200-22,100 and then possibly rise back again.
Nifty Bank index can test 52,200 and then rise back to 60,000 again in the coming months.
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Published on March 14, 2026