Nifty’s Make-or-Break Moment: Will 22,800 Hold?

StockEdge Morning Market Analysis - 10 March, 2025

Dollar Index Weakness

The Dollar Index is teetering on a crucial support at 106. A break below this level could send it tumbling toward 100-101, creating a tailwind for Metals and Equities. Keep an eye on this.

Market Outlook: Cautious Optimism

The market is in a pullback mode, and while sentiment remains positive, 22,800 is the big test for Nifty. Stock-specific plays are the way forward.

Short-Term View

Nifty’s rally faces a big challenge at 22,800. Will it break through, or will we see a reversal? Stay alert.

Medium-Term View

If 22,800 is conquered, the next target is 23,400. Bulls are watching closely.

Long-Term View

No solid bottom yet. A retest of 21,800 is still on the table. Be prepared for all scenarios.

What’s the Plan?

? Stay stock-specific – avoid broad market bets.

? Watch for exhaustion near 22,800 – a rejection could mean trouble.

? Keep an eye on global cues & the Dollar Index – they set the tone.

Where’s the Action? (Sectoral Plays)

• Metals – Strong momentum, benefiting from the weak dollar.
• PSUs – Attracting buyers, staying in the limelight.
• Infrastructure – A steady performer with solid prospects.
• Power – Bright outlook, powering up portfolios.

Caution Zone

If 22,800 holds as resistance, a failed pullback could mean fresh lows ahead. Risk management is key.

Market Summary

• Weekly Nifty Gain: +428 points
• Closing Level: 22,552
• Resistance: 22,800
• Support: 21,800

Market Sentiment: Stay Sharp

Cautious optimism is the theme, with smart money rotating into strong sectors.

Sector Breakdown

• IT Sector: Weak, still forming lower highs & lower lows – be selective.
• Metals: Gaining strength, momentum intact.
• Financials: Continues to shine, offering solid plays.
• Infrastructure: Bullish structure holding up well.
• PSUs: Demand is strong – eyes on key players.
• Power: High voltage moves ahead.

Winning Market Strategy

? Stay stock-specific – broad index moves are tricky. ? Focus on sectors with strength – follow the money. ? Be cautious at resistance levels – protect capital.

Risk Management Alert

• Use stop-losses wisely – don’t let emotions drive trades.
• Monitor global cues – the macro picture matters.
• Adjust strategy as needed – flexibility is power.

Final Thoughts

The market is at a key inflection point. Stay sharp, strategic, and ready to act. Focus on sectors showing strength, and manage risk smartly.

What’s your view on Nifty at 22,800? Bullish or Bearish? Drop your thoughts in the comments.

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