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Sensex Prediction for Wednesday, March 25 by experts: The Indian stock markets staged a strong comeback, with the benchmark indices Sensex and Nifty surging by nearly 2 per cent on Tuesday, March 24, after a steep fall in the previous session. The positive momentum among investors came after US President Donald Trump announced a temporary halt to strikes targeting Iranian energy infrastructure, indicating ease in geopolitical tensions between the United States and Iran, despite mixed signals from both sides.
Amid this, analysts expect Wednesday’s trade to hinge on whether the index can sustain momentum above key resistance levels.
Tailor further stated that the market sentiment improved notably in the latter half of the session, with broad-based buying across key sectors, indicating renewed confidence and short-covering following the recent phase of weakness.
Sensex Prediction for Wednesday, March 25 by experts
While Tuesday’s gain was decisive, technical analysts suggest that Wednesday’s session will be a crucial ‘litmus test’ to determine if this is a true trend reversal or merely a short-term rebound.
Based on technical indicators and market structure, analysts expect a cautious but positive start on Wednesday.
Sensex Prediction for Wednesday, March 25 by Vipin Dixena
SEBI-registered analyst, Vipin Dixena, said, “Intraday chart structure shows a higher lows forming, but SENSEX closed near the 50 EMA, indicating trend remains weak despite short-term recovery.”
Technical levels to watch on Wednesday
Dixena said the immediate resistance is at 74,500, while support lies at 73,650. “RSI near 58 is improving but not overbought, suggesting room for continuation if resistance breaks,” he said.
Above 74,500, momentum can extend towards 75,200, and failure to sustain above 74,500 can lead to rejection back to 73,650, Dixena said.
“Bias remains sideways to mildly bullish until 74,500 breakout; avoid aggressive longs near resistance,” the analyst said.
Sensex Prediction for Wednesday, March 25 by Hitesh Tailor
From a technical perspective, Tailor said the index has delivered a strong rebound from lower levels, highlighting active demand near support zones and signalling the possibility of a short-term base formation, provided follow-through buying continues in subsequent sessions, he stressed.
Support, resistance levels to watch on Wednesday, March 25
On the technical front, the analysts said the index continues to trade near key lower levels, reflecting a cautious undertone with limited upside visibility in the near term.
“The 73,500–73,600 band acts as an immediate demand zone where dip-buying interest may emerge on any pullback, while the 74,500–74,600 range stands as the immediate resistance hurdle, where upside is likely to face supply pressure and profit booking,” Tailor stated.
On the market bias for Wednesday, Tailor said, “With a strong recovery following recent weakness, the near-term outlook turns cautiously positive. However, the sustainability of the rally will depend on the index holding above key support levels and witnessing consistent follow-through buying on the upside to reinforce upward momentum.”
In a social media post, Trump said that he has extended the deadline for Iran to reopen the Strait of Hormuz, the strategically located shipping lane between the Persian Gulf and the Gulf of Oman, and that he will hold off strikes against Iranian energy sites for five days.
Investors’ wealth surged by Rs 7.56 lakh crore to Rs 4,22,78,312.77 crore (USD 4.50 trillion).
Sectoral performance on Tuesday, March 24
The BSE MidCap Select index jumped 2.77 per cent, and the SmallCap Select index climbed 2.29 per cent.
All sectoral indices ended higher. Services surged 3.46 per cent, followed by BSE MidSmall Private Banks Quality Tilt (2.99 per cent), industrials (2.98 per cent), Private Banks index (2.63 per cent), consumer durables (2.46 per cent), Bankex (2.40 per cent), consumer discretionary (2.39 per cent), financial services (2.34 per cent), auto (2.30 per cent) and commodities (2.19 per cent).
A total of 2,968 stocks advanced, while 1,295 declined and 168 remained unchanged on the BSE.
Brent crude, the global oil benchmark, jumped 1.96 per cent to USD 101.9 per barrel.
Foreign Institutional Investors (FIIs) offloaded equities worth Rs 10,414.23 crore on Monday, according to exchange data. Domestic Institutional Investors (DIIs), however, bought stocks worth Rs 12,033.97 crore.
On Monday, the 30-share BSE Sensex dived 1,836.57 points or 2.46 per cent to settle at 72,696.39. The Nifty tanked 601.85 points or 2.60 per cent to end at 22,512.65.
