StockEdge Morning Market Report | Wednesday, 25 March 2026

Nifty 50 closed at 22,912 — up 399 points (+1.78%). The index opened with a positive gap on the back of Trump's five-day ceasefire signal and crude oil's 11% single-day fall, and broadly held those gains through the session.
Banking stocks were the star performers of the session, Pharma was the notable laggard — a sector rotation away from defensives into beaten-down cyclicals was the theme of the day. Advance-decline ratio turned decisively positive with 44 advances against 6 declines on Nifty 50.
FIIs were sellers ₹8009 Cr India VIX dropped sharply by 6.82% on Tuesday, though still a high number — two consecutive sessions of VIX cooling alongside price recovery is a meaningful positive signal. Fear is easing, even if not gone.
GIFT Nifty: GIFT Nifty at 150+ points — suggesting a flat to positive opening today.

Nifty
The index had a selling climax day on Monday – post which we saw a good looking recovery yesterday with broader market participation. The oversold indicators and the market breadth data has indicated a pullback recovery – which we can see and we expect it to continue - but the chart structure has not meaningfully changed yet to call a bottom in place. The 23,000– 23050 zone is the first line of supply where as 23350 zone is the real test . we can expect the pullback recovery to extend to this zone. 22600 will remain as the key support zone.

Bank Nifty
Bank Nifty after a huge over 10K fall – had one of the sharpest recovery. The gap area of 53,297–52,665 formed during Monday's breakdown now acts as immediate resistance — a sustained trade above 53,300 is needed to suggest the panic low of 51,437 is firmly behind us.

Conclusion
More recovery can be seen, how it reacts as resistance levels is the real test for bulls. Stay measured —and let the index prove itself above 23,300 before turning constructive. The trend is still down until proven otherwise.

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