Nifty made a good recovery in the first half last week. But the sharp fall in HDFC Bank on Thursday played a spoil sport. The price action on the chart indicates that the Nifty 50 can continue to fall more from here. On the charts there is another important support coming up for the Nifty. We hope that the index finds a bottom here. We will have to wait and watch.
Nifty can fall to 22,300-22,200 and then rise back again.
Nifty Bank index can test 52,200 and then rise back to 60,000
BL Portfolio: https://www.thehindubusinessline.com/portfolio/
Write to the following email ids for any queries on
1) Futures & Options (F&O) : derivatives@thehindu.co.in
2) Technical outlook on the specific stocks: techtrail@thehindu.co.in
3) Mutual Funds: mf@thehindu.co.in
4) Investments, Personal finance: blportfolio@thehindu.co.in
SOCIAL MEDIA HANDLES
Facebook - Blportfolio
https://www.facebook.com/profile.php?id=100086211032670
LinkedIn - BL Portfolio
https://www.linkedin.com/in/bl-portfolio-314bb2220
X - @BlPortfolio
https://x.com/BlPortfolio?t=B3zkMfwKIMuoHWBWJfoZ3w&s=09
Published on March 21, 2026