Technical View News

Indian equity benchmarks Sensex and Nifty declined due to profit booking and global trade concerns. Analysts suggest a cautious approach, highlighting key support at 23,500 and resistance at 23,800. External risks may introduce volatility, making disciplined profit-taking essential.

India’s benchmark indexes, Sensex and Nifty, dipped on Monday amid weak global cues. The prolonged market downturn highlights economic challenges, while critical support levels suggest possible future gains for investors focusing on fundamentally sound stocks.

Indian markets rebounded on March 5, with the BSE Sensex rising 619 points and the Nifty 50 gaining 214 points after a prolonged downturn. Axis Securities suggests the market is nearing a medium-term bottom, supported by historical patterns and technical indicators.

Indian equity markets fell on March 4, continuing a six-month decline as trade tensions rose. Nifty 50 slipped 0.17% to 22,082 points, while Sensex lost 0.13%. Analysts advise caution as key support levels are tested amid weak market sentiment and potential global trade war fears.

Tata Motors’ stock has plummeted over 47% since July 2024, primarily due to weak demand for Jaguar Land Rover and challenges in the domestic market. The company reported a 22% YoY decline in Q3 net profit, prompting brokerages to downgrade their ratings and price targets.

D-Street Ahead: Technically, experts noted the larger market texture remains on the weak side; however, investors could expect a quick technical pullback rally Nifty and Sensex succeed in holding above 22,950 and 76,000 respectively.

Mid-cap and small-cap stocks have suffered major declines in 2025, impacted by global uncertainties, trade war fears, and liquidity issues. After the sharp drop, technical charts signal short-term relief rallies.

Geojit Financial Services recommends selling JK Cement with a target price of ₹4,100, indicating a 9% downside from its previous close. Despite long-term growth potential, the company faces near-term challenges, including rising costs and pricing pressures, which may impact performance.

The Indian stock market saw a brief bounce before facing renewed selling pressure. Weak corporate earnings and global uncertainties contribute to a five-month decline in the Nifty 50, with key support and resistance levels suggesting a cautious outlook for investors.

D-Street Ahead: Technically, experts noted on weekly charts, Sensex and Nifty 50 formed a long bearish candle and held lower top formation, supporting further weakness from the current levels.