Aaj Ka Bazaar Outlook (10 Mar 2026)
Market likely to open positive with strong volatility after yesterday’s 1.7% crash (Nifty 24,028, Sensex 77,566). Gift Nifty signals 400+ point gap-up opening at ~24,400 levels driven by US-Iran de-escalation + crude price relief. Bias remains cautious with key supports at 23,700-24,000.
Eyes On These Critical Levels
Index Support Pivot Resistance
Nifty 23,700 / 24,000 24,200 24,400 / 24,500
BankNifty 55,270 55,600 56,600 / 57,000
FinNifty 23,800 24,100 24,400
Sectors: Oil & Gas (massive relief rally), Defence (BEL/ HAL momentum), Metals rebound. Avoid Banking post RBI insurance norms.
Global Markets – Recovery Mode
US Markets: S&P 500 +0.55%, Nasdaq +0.7% (crude dip relief). Asia mixed – CSI 300 -0.39%, Hang Seng -1.83%. Oil $83.7 (down from $100 peak), Gold +1.8% safe-haven.
Gift Nifty: Trading ~24,410 (400 pts gap-up from 24,015 close) – strong positive opening signal.
Dollar Index: Stable at 104.65, rupee getting breathing room.
FII/DII Data – Turning Point
9th Mar: FII net sell just ₹485 Cr (lowest in 1 month) vs DII buy ₹264 Cr. March YTD: FII -₹16,000 Cr, DII +₹33,000 Cr (DII absorbing FII selling). Positive: FII selling exhausted?.
Stocks in Action Today
Gainers: BEL, NTPC, ONGC, Adani Ports (Q3 momentum)
Losers: ICICI Bank, Axis Bank, Shriram Finance (RBI norms)
Volatility: RBL Bank, BHEL, GRASIM (technical bounce)
Results Today: Minor Q3 names (Ksolves India, AYE Finance).
F&O Ban List: Biocon, Jubilant Food, Aurobindo, Muthoot, IEX, MAZDOCK, BandhanBNK.
Market Movers & Event Calendar
US-Iran war de-escalation (Trump statement)
China CPI -0.7% (deflation pressure)
RBI loan-insurance restrictions hitting banks
Disclaimer
This market analysis is for informational purposes only and NOT investment advice. Markets involve risks, read all documents carefully. Past performance doesn’t guarantee future results. SEBI RA Regulations 2014 compliant.
Conflict of Interest Disclosure
No holdings/positions in discussed stocks by us/our associates. No beneficial interest. Purely independent technical analysis.