Flattish opening seen for Nifty, Sensex
The market is likely to see a flat opening on Monday amid mixed global cues. Analysts expect trading to remain low in the holiday curtailed week. Gift Nifty 22,600 indicates flat-to-negative beginning. Despite a strong recovery last week, analysts expect market move in a narrow range with stock specific action.
The market is closed on Friday for Holi.
The upcoming trading week will be a holiday-shortened one, with market participants closely monitoring global developments in the absence of major domestic events. Key factors to watch include fresh updates on tariff negotiations, geopolitical tensions, and their impact on the movement of the US dollar and crude oil prices, said Ajit Mishra – SVP, Research and Religare Broking Ltd.
“Given the prevailing scenario, investors are advised to maintain a positive yet cautious approach. Stock selection should focus on companies demonstrating relative strength and strong upside potential. The broader indices have approached their initial resistance levels, making it prudent to limit aggressive positions and avoid adding to loss-making trades at this juncture. With key global and domestic events lined up, market volatility is expected to persist. Investors should stay vigilant, track crucial data points, and make informed decisions based on emerging trends,” he added.
According to Dr VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services, “The trend of FII selling in India continued in early March, too. But there are signs of slight decline in the intensifying in the last couple of days. Up to March 7th FIIs have sold equity for ₹24,753 crores taking the total equity selling in CY 2025 to ₹1,37,354 crores. The recent decline in the dollar index will limit the fund flows to the US, he said adding that Trump’s tariff threats have changed the focus of investors’ choice towards domestic consumption driven sectors like financials, telecom, hotels and aviation and away from externally linked sectors. This trend is volatile like Trump’s tariff policy.”
The derivatives market indicates a cautiously optimistic outlook, with put writers demonstrating greater conviction than call writers, signalling growing confidence among market participants. “Substantial open interest at the 22,800-call strike (84.88 lakh contracts) solidifies this level as a critical resistance point. Conversely, strong put writing at the 22,300 strike (84.98 lakh contracts) establishes a solid support level. The 22,500–22,000 range is witnessing robust put writing, while higher strike call writing further reinforces the building bullish sentiment. Though the Put-Call Ratio (PCR) has dipped marginally from 1.18 to 1.09, it still highlights the improving market outlook. The Max Pain level at 22,500 suggests that bulls are likely to continue absorbing selling pressure despite market fluctuations,” said Dhupesh Dhameja, Derivatives Analyst, SAMCO Securities
