Indian Market Outlook: March 23, 2026

NIFTY is likely to open negative.

NIFTY short-term support is between 22650-22700 and resistance is between 23050-23100.

BANKNIFTY short-term support is between 52300-52400 and resistance is between 53400-53500.

Max pain for NIFTY has decreased to 23250.

Max pain for BANKNIFTY has decreased to 56000.

You may look for a Long CALL/Short PUT on the drop.

At our short-term levels, directional trades may be tried.

Please note that this is not a recommendation. Please consult your financial advisor.

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Disclosure:

Portfolio: ALPHA, ASTRAL, ATUL, BANKBEES, CERA, CHOLAFIN, CONCOR, DMART, GOLDBEES, FINEORG, FINPIPE, HCLTECH,  HDFCBANK, ICICIBANK, JUNIORBEES, KPITTECH, LIQUIDBEES, MOM30IETF, NIFTYBEES, POLYMED, REDTAPE, RHIM, SBIN, SILVERBEES, TIMKEN, etc.

We regularly trade weekly options.