Nifty 50 Index 👇 📊 Technical View 18/3/2026 1.36 P.M.

 

Nifty 50 Index 👇

📊 Technical View (2H Chart Analysis) Current Price: ~23,180–23,800 zone

Sharp correction from 26,000 zone → 23,000

Price reacting near Fibonacci 0 zone (~22,978)

RSI bouncing from oversold → short-term pullback possible

Trendline breakdown already happened → broader trend still weak

👉 Market Structure:

Short-term: Pullback bullish

Medium-term: Bearish / Sideways

Long-term: Still bullish (structure intact above 22K)

🔑 Key Levels (Very Important) Support Zones: S1: 23,000 – 22,900

S2: 22,500

Major Support: 22,000

Resistance Zones: R1: 23,600

R2: 24,000

R3: 24,630 (Fib 0.5)

R4: 25,230 (Fib 0.618)

📍 Pivot Levels (Approx) Pivot: 23,400

R1: 23,800

R2: 24,200

S1: 23,000

S2: 22,600

✅ UPSIDE TRADE SETUP (Pullback Play) Entry: 👉 Buy above 23,500 (sustained breakout)

Targets: 🎯 23,800 🎯 24,200 🎯 24,600

Stop Loss: 🛑 23,000

Logic:

Oversold bounce

Pullback toward Fibonacci levels

Short covering rally

Probability: ⭐ 60–65% (Moderate)

🔻 DOWNSIDE TRADE SETUP (Trend Continuation) Entry: 👉 Sell below 23,000

Targets: 🎯 22,600 🎯 22,200 🎯 22,000

Stop Loss: 🛑 23,500

Logic:

Breakdown continuation

Weak market structure

Lower high–lower low pattern

Probability: ⭐ 65–70% (Higher)

⏳ Timeframe View 🔹 Short-Term (1–5 Days) Pullback toward 23,800–24,200 possible

Volatile & level-based trading recommended

🔹 Medium-Term (2–4 Weeks) Market likely range-bound (22,000 – 25,000)

Sell on rise strategy preferred

🔹 Long-Term (2–6 Months) Structure still bullish above 22,000

Big uptrend resumes only above 25,200–26,000

🧠 Pro Trading Insight 23,500–24,000 = Decision zone

Above 24,600 = Trend reversal bullish 🚀

Below 23,000 = Fresh panic selling ⚠️