Nifty Expectations Week 10th March 2025

**Nifty 50 Daily Chart Analysis & Next Week's Outlook**

🔹 Trend Analysis**
- Nifty is still in a **downtrend**, trading within a **descending channel** (marked by parallel trendlines).
- Multiple **sell signals** have appeared during the decline, but a recent **buy signal** suggests a potential short-term bounce.
- The **price is currently near the lower channel support**, making this a **critical inflection point**.

🔹 Key Support & Resistance Levels**

| **Resistance 3** | **22,800 - 23,000** | Major breakout needed for bullish reversal |
| **Resistance 2** | **22,600 - 22,700** | Short-term hurdle (trendline & Fib resistance) |
| **Resistance 1** | **22,552 - 22,580** | Immediate level to watch |
| **Current Price** | **22,552** | Trying to hold above 22,500 |
| **Support 1** | **22,381 - 22,297** | Short-term support, must hold for bounce |
| **Support 2** | **22,166 - 21,806** | If broken, sharp downside towards 21,800 |

🔹 Indicators & Momentum**
1. **Trend Meter** → Still showing **weak bearish trend**, but some green bars indicate possible relief rally.
2. **ADX & Strength**:
- **ADX (Blue) is rising** → Trend strength increasing.
- **DI+ (Green) trying to cross DI- (Red/Pink)** → If successful, a short-term uptrend may start.
3. **Cumulative Delta Volume**:
- Still showing **negative cumulative delta**, meaning institutional selling is still strong.
- If buyers step in, we may see a **short-term bounce**, but it needs confirmation.

🔹 Fibonacci Retracement Zones**
- **22,600 is a key Fib level** (0.236 retracement).
- If Nifty breaks **22,600 with strong volume**, it can move toward **22,800-23,000**.
- Failure to break **22,600** could lead to another **leg down towards 22,166-21,800**.


📌 Next Week's Expected Scenarios**
| **Scenario** | **Probability** | **Key Level to Watch** |

| **Bounce towards 22,600+** | **Moderate** | Needs to stay above 22,381 |
| **Break above 22,600 → 22,800 next** | **Low-Moderate** | Needs strong volume & ADX > 25 |
| **Rejection at 22,600 → Retest of 22,297** | **High** | If selling pressure remains |
| **Break below 22,166 → Drop to 21,800** | **Possible** | If weak bounce fails |

Key Takeaways**
- **Immediate hurdle at 22,600** → Breakout needed for upside.
- **If rejected at 22,600**, Nifty may test **22,297** or even **22,166**.
- **A strong bounce can push towards 22,800-23,000**, but only if volume supports.