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Nifty 50 Market Insights: Get a clear view of the latest trends with key technical levels, FII/DII activity, and factors driving market sentiment.
In the current week, the Indian stock market trends will be influenced by a variety of factors, including geopolitical events and price action. These events can increase the volatility in the markets.
This weekly Nifty 50 Technical Analysis blog will cover the key technical levels and events that can influence the markets this week.
Indian Stock Market Overview
The Indian stock markets are closed on Monday, 31st March 2025 because of Eid. In the previous week (24th – 28th March 2025), the Nifty 50 index closed 0.72% higher at 23,519 level. This move is followed by the index rising 4.26% in the week prior (17th – 21st March 2025).
Let us look at some reasons that influenced market movements in the previous week.
- FII/ DII Flows: Foreign Institutional Investors and Domestic Institutional Investors purchased more equity than they sold in the cash segment.
| Date | FII (Net Buy Sell in crores) | DII (Net Buy Sell in crores) |
| March 28 | – 4,352 | 7,646 |
| March 27 | 11,111 | 2,517 |
| March 26 | 2,240 | – 696 |
| March 25 | 5,371 | – 2,768 |
| March 24 | 3,055 | 98 |
| Total | 17,425 | 6,797 |
Source: Stockedge
2.International Events: The US government will announce tariffs on countries, which will most likely include India on 2nd April 2025. This is because India also imposes import tariffs on the US on various goods.
The markets in the previous week remained almost flat in anticipation of possible volatility spikes because of tariffs. This event can have a major impact on the stock markets in the current week
Weekly Nifty 50 Technical Analysis
Here is the key price action summary of the Nifty 50 index in the previous week:
- The Nifty 50 index formed a small Doji style candle on the weekly chart. This candle shows indecision in the markets, neither buyers nor sellers were clear winners, with buyers having a slight edge.
Source: Tradingview
- As we look at the Daily timeframe chart, the index of the price action last week stayed above the 200-day EMA, that is a positive sign, and at the same time the MACD index also stayed above the zero line, again a positive signal.
Source: Tradingview
- On the 30 minute timeframe a clear Nifty 50 chart pattern can be seen. The index is forming a symmetrical triangle formation, a breakout of which can provide further direction insights.
Source: Tradingview
Based on the price action of the previous week let us determine the key levels to watch for the current week.
Nifty 50 Trading Strategies: Levels to Watch
Let us look at the bullish and bearish signals and the Nifty 50 support and resistance levels that traders can watch closely to gauge the future direction of the Nifty 50 index.
Positive Signals
Source: Tradingview
- If the price action stays above the 200-EMA, it will be considered a bullish sign.
- The index faces a nearby resistance zone of 23,700 – 23,800. If the index breaks this resistance, it can be a positive signal, and the next price action resistance hurdle will be at 24,100 – 24,200 level. (red horizontal lines)
- A breakout of the symmetrical triangle formation on the 30-minute Nifty 50 chart (as shown above) will also be considered a bullish signal for the index.
Now, let us look at some possible bearish signs that traders should watch for in the Nifty 50 index.
Negative Signals
Source: Tradingview
- A major bearish sign for the index is if it moves below its 200-day EMA, which can trigger some selling in the index.
- Secondly, if the index breaks below its 200-day EMA, the next support level will be at the 23,000 – 23,100 zone.
- If in case the price action turns bearish, a confirmation can be received by the MACD moving below the zero line on the daily chart.
Source: Tradingview
Along with the price action signals, other factors that can influence the Indian stock market trends are:
- The extent of trade tariffs imposed by the US government on India. Experts believe these tariffs will most likely impact the automobile and pharmaceutical sectors.
- As we transition from FY25 to FY26 this week, companies will start presenting their quarterly results for the last quarter of FY25 and annual reports for the entire FY25. This will also impact the markets in the coming months.
- US Jobs data and India’s PMI (Purchase Managers Index) data will also be presented this week.
Price Action of Other Indexes
Here are some other stock market index performance for the previous week:
| Name of the Index | % Change (24th – 28th March, 2025) |
| Nifty Mid Cap 150 Index | -0.43% |
| Nifty Small Cap 250 Index | -0.91% |
| Nifty Bank Index | +1.92% |
| Sensex | +0.66% |
This shows that the market sentiment was mixed in the last week. With the banking sector stocks booming, whereas other sectors are facing slight headwinds.
Last week, the USD INR pair closed at 85.51 level, as the Indian rupee witnessed its 4th continuous week of strengthening. The gold futures on the MCX closed 1.17% higher at 88,806 level. The weakness in the dollar and strength in Gold are possibly because of rising concerns of a trade war among major economies.
Final Thoughts
The weekly Nifty 50 technical analysis for the week ending 28th March 2025, pointed towards indecision in the markets. The market participants are awaiting the extent of tariffs imposed on India by the US government before taking any further action. The increasing positions of FII/ DII for the past few weeks is a positive sign for the markets. The chairman of the US Federal Reserve will also give a speech on Friday this week that investors can watch closely. This blog is not investment advice, it is for educational purposes only, please consult your investment advisor or conduct your own research before investing.
DISCLAIMER: This article is not meant to be giving financial advice. Please seek a registered financial advisor for any investments.
- Weekly Nifty 50 Technical Analysis: Market Sentiment Decoded - April 21, 2025
- Weekly Nifty 50 Technical Analysis: Market Update - April 14, 2025
- Stock Market Update:Weekly Nifty 50 Technical Analysis - April 7, 2025
