The Nifty closed lower on a negative note, breaking below its 200-day EMA support. The volatility index India VIX surged, indicating increased market volatility. The short-term trend is bearish, with support at 23,300 and resistance at 23,600. The highest OI on the call side is at 23,500 and 23,600, while on the put side, it’s at 23,400 and 23,300.
Geopolitics, crude risk and the IT conundrum: Sridhar Sivaram on why investors may need to stay selective
Geopolitical tensions in West Asia are creating market uncertainty, impacting energy supplies and capital flows. While Indian equities have shown resilience, prolonged conflict could significantly
March 5, 2026